REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
GOLDEN COURT (HANWELL) MANAGEMENT |
COMPANY LTD. |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
GOLDEN COURT (HANWELL) MANAGEMENT |
COMPANY LTD. |
GOLDEN COURT (HANWELL) MANAGEMENT |
COMPANY LTD. (REGISTERED NUMBER: 00731720) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Company information | 1 |
Chartered accountants' report | 2 |
Balance sheet | 3 |
Notes to the financial statements | 4 |
GOLDEN COURT (HANWELL) MANAGEMENT |
COMPANY LTD. |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1-2 Craven Road |
Ealing |
London |
W5 2UA |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
GOLDEN COURT (HANWELL) MANAGEMENT |
COMPANY LTD. |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Golden Court (Hanwell) Management Company Ltd. for the year ended 31 December 2023 which comprise the Income statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Golden Court (Hanwell) Management Company Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Golden Court (Hanwell) Management Company Ltd. and state those matters that we have agreed to state to the Board of Directors of Golden Court (Hanwell) Management Company Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Golden Court (Hanwell) Management Company Ltd. and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Golden Court (Hanwell) Management Company Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Golden Court (Hanwell) Management Company Ltd.. You consider that Golden Court (Hanwell) Management Company Ltd. is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Golden Court (Hanwell) Management Company Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
1-2 Craven Road |
Ealing |
London |
W5 2UA |
Date: ............................................. |
GOLDEN COURT (HANWELL) MANAGEMENT |
COMPANY LTD. (REGISTERED NUMBER: 00731720) |
BALANCE SHEET |
31 DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
GOLDEN COURT (HANWELL) MANAGEMENT |
COMPANY LTD. (REGISTERED NUMBER: 00731720) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Golden Court (Hanwell) Management Company Ltd. is a |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
SERVICE CHARGES |
Service charges are charged to the residents each year based on the budgeted expenditure. |
TANGIBLE FIXED ASSETS |
Freehold property is not depreciated because the value of the property is significantly attributed in the land. |
MAINTENANCE RESERVE |
The company is liable to ensure that certain areas, external to the flats, are kept in good repair and decorative order. This includes major maintenance work every few years. The income & expenditure account should be regarded as this maintenance reserve. The expectation is that it covers such expected costs. |
TAXATION |
The company is a non-profit making enterprise and surpluses or deficits arising as a result of differences between service charges levied (based on estimated costs) and actual costs incurred do not fall within the scope of corporation tax. Tax is payable on investment income only. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
Improvements to freehold property made in the year ended 31 December 2013 have been capitalised. The depreciation charge on these improvements until 31 December 2017 of £15,364 has been written back through income and expenditure account in order that the cost of freehold property gives a better reflection of its estimated economic value. |
GOLDEN COURT (HANWELL) MANAGEMENT |
COMPANY LTD. (REGISTERED NUMBER: 00731720) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Deferred income |
Accrued expenses |
7. | LIMITED BY GUARANTEE |
The company is limited by guarantee of members and does not have a share capital. The liability of members is limited to £1. On winding up of the company, any surplus assets that exist must be transferred to another body or bodies having objects similar to those of the company. |