Registered number
02376677
Barrons Court Management Company Limited
Report and Accounts
31 December 2023
Barrons Court Management Company Limited
Company Information
Directors
A-M Cosco
S M Mooney
A Thouvenin
Secretary
R Harris
Accountants
N J Ruse and Associates
Eagle House, Cranleigh Close
Sanderstead
South Croydon
CR2 9LH
Bankers
Metro Bank
Managing Agents
Harris Property Management
12 Clyde Road
Walligton
Surrey
SM6 8PZ
Registered Office
12 Clyde Road
Wallington
Surrey
SM6 8PZ
Registered Number
02376677
Barrons Court Management Company Limited
Registered number: 02376677
Directors' Report
The directors present their report and accounts for the year ended 31 December 2023.
Principal Activity
The company's principal activity during the year continued to be the management of the residential properties at Barrons Court, Whelan Way, Wallington on a non-profit basis.
Directors
The following persons served as directors during the year:
A-M Cosco
S M Mooney
A Thouvenin
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 18 April 2024 and signed on its behalf.
_____________________
A Thouvenin
Director
Barrons Court Management Company Limited
Report to the directors on the preparation of the unaudited statutory accounts of Barrons Court Management Company Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Barrons Court Management Company Limited for the year ended 31 December 2023 which comprise of the income and expenditure account, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
N J Ruse and Associates
Chartered Certified Accountants
Eagle House, Cranleigh Close
Sanderstead
South Croydon
CR2 9LH
19 April 2024
Barrons Court Management Company Limited
Income and Expenditure Account
for the year ended 31 December 2023
2023 2022
£ £
Income 26,546 26,496
Administrative Expenses (32,270) (24,246)
Operating (Deficit)/surplus (5,724) 2,250
Interest Received 182 19
(Deficit)/Surplus Before Tax (5,542) 2,269
Taxation (43) -
(Deficit)/Surplus for the Financial Year (5,585) 2,269
Barrons Court Management Company Limited
Registered number: 02376677
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current Assets
Debtors 3 3,833 4,628
Bank and Cash 22,463 27,221
26,296 31,849
Creditors: Due Within One Year 4 (682) (650)
Net Current Assets 25,614 31,199
Net Assets 25,614 31,199
Capital and Reserves
Called Up Share Capital 24 24
Reserve Fund 25,590 31,175
Shareholders' Funds 25,614 31,199
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
___________________
A Thouvenin
Director
Approved by the board on 18 April 2024
Barrons Court Management Company Limited
Statement of Changes in Equity
for the year ended 31 December 2023
Share Reserve Income & Total
Capital Fund Expenditure
Account
£ £ £ £
At 1 January 2022 24 28,906 - 28,930
Surplus for the Financial Year 2,269 2,269
Transfer to the Reserve Fund 2,269 (2,269) -
At 31 December 2022 24 31,175 - 31,199
At 1 January 2023 24 31,175 - 31,199
Deficit for the Financial Year (5,585) (5,585)
Transfer from the Reserve Fund (5,585) 5,585 -
At 31 December 2023 24 25,590 - 25,614
Barrons Court Management Company Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting Policies
Basis of Preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Income
Income is made up of the service charges and other amounts including expense recoveries, raised from the leaseholders and tenants of Barrons Court, Whelan Way, Wallington.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Other Debtors 3,833 4,628
4 Creditors: Due Within One Year 2023 2022
£ £
Taxation 34 -
Other Creditors 648 650
682 650
5 Other Information
Barrons Court Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Clyde Road
Wallington
Surrey
SM6 8PZ
Barrons Court Management Company Limited
Income and Expenditure Account
for the year ended 31 December 2023
2023 2022
Income £ £
Service Charges 26,496 23,996
Reserve Fund - 2,500
Sundry Recoverables 50 -
26,546 26,496
Expenditure
Repairs and Maintenance
General Repairs 5,360 2,360
Cleaning - general 3,421 3,839
Cleaning - windows 700 820
Refuse Collection 50 -
Pest Control 1,508 1,490
Electrical Testing 790 780
11,829 9,289
Grounds Maintenance
Gardening 1,860 1,970
Tree Surgery 520 -
2,380 1,970
Utilities and Insurance
Electricity 435 565
Buildings Insurance 6,420 5,198
Other Insurance 523 361
7,378 6,124
Legal and Professional Fees
Management Fees 5,300 5,300
Accountancy fees 648 650
Risk Assessment - 612
Other Legal & Professional 127 301
Fire Safety - from Reserves see note 4,608 -
10,683 6,863
Total Admin Expenditure 32,270 24,246
Add: Interest Received 182 19
(Deficit)/Surplus Before Tax (5,542) 2,269
Less: Tax Provision (43) -
Net Surplus/(Deficit) for the Year (5,585) 2,269
Note. The £4,608 fire safety costs were covered by a transfer from the reserve
fund and were not covered by the 2023 service charges. Without these additional
costs the deficit in the year would have been £977.
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