Registered number
04575486
Harbour Lights Management Company (2002) Limited
Unaudited Filleted Accounts
31 December 2023
Harbour Lights Management Company (2002) Limited
Registered number: 04575486
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 97 129
Current assets
Debtors 4 954 856
Cash at bank and in hand 22,647 21,409
23,601 22,265
Creditors: amounts falling due within one year 5 (11,293) (10,126)
Net current assets 12,308 12,139
Net assets 12,405 12,268
Capital and reserves
Called up share capital 7 7
Profit and loss account 12,398 12,261
Shareholders' funds 12,405 12,268
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.
C.G Clifford
Director
Approved by the board on 9 May 2024
Harbour Lights Management Company (2002) 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).
Turnover
Turnover is measured by the collection of service charges in order to recover the costs of managing the seven apartments on a mutual basis but without a view of making a profit.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% on written down value
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 1,489
At 31 December 2023 1,489
Depreciation
At 1 January 2023 1,360
Charge for the year 32
At 31 December 2023 1,392
Net book value
At 31 December 2023 97
At 31 December 2022 129
4 Debtors 2023 2022
£ £
Other debtors 954 856
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,382 1,541
Taxation and social security costs 25 -
Other creditors 8,886 8,585
11,293 10,126
6 Controlling party
There are no controlling parties.
7 Other information
Harbour Lights Management Company (2002) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Stirling House, Sunderland Quay,
Culpeper Close,
Rochester,
Kent,
ME2 4HN.
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