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REGISTERED NUMBER: 05564637 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Brampton West Management Company Limited

Brampton West Management Company Limited (Registered number: 05564637)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Brampton West Management Company Limited (Registered number: 05564637)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,500 81,500

CURRENT ASSETS
Debtors 5 8,162 8,041
Cash at bank 41,671 37,061
49,833 45,102
CREDITORS
Amounts falling due within one year 6 57,422 48,144
NET CURRENT LIABILITIES (7,589 ) (3,042 )
TOTAL ASSETS LESS CURRENT LIABILITIES 73,911 78,458

PROVISIONS FOR LIABILITIES 20,375 15,485
NET ASSETS 53,536 62,973

RESERVES
Non distributable reserves 65,199 65,199
Retained earnings (11,663 ) (2,226 )
53,536 62,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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 profit or loss 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





Mr D J Plant - Director


Brampton West Management Company Limited (Registered number: 05564637)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Brampton West Management Company Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05564637

Registered office: Ebenezer House
Ryecroft
Newcastle
Staffordshire
ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable from residents in respect of ground rent.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation as stated below. Depreciation is calculated to write off the cost or valuation, less estimated residual value, on the straight line basis unless stated below.

(a) Freehold land valued by the directors at 24th February 2011 are included in these accounts on the basis of that valuation. Subsequent additions are included at cost. Provision for depreciation of the freehold land is not made on the basis that the land retains its market value, is adequately maintained, and has a long estimated useful economic life such that any depreciation charge would be immaterial.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Brampton West Management Company Limited (Registered number: 05564637)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold
land
£   
COST
At 1 January 2023
and 31 December 2023 81,500
NET BOOK VALUE
At 31 December 2023 81,500
At 31 December 2022 81,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 183 448
Other debtors 7,979 7,593
8,162 8,041

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 57,422 48,144

The bank funds held in trust and included in creditors at the year end is £54,602.36 (2022- £46,764 that represents the funds held on trust by the company on behalf of the landlords.

7. LIABILITY OF MEMBERS OF THE COMPANY

Each member of the company undertakes to contribute such amounts as may be required, not exceeding £1.00, to the company's assets if it should be wound up while he is a member or within one year after he ceased to be a member for payment of the company's debts and liabilities contracted before he ceased to be a member and of the costs charged and expenses of winding up and for the adjustment of the rights of the contributors among themselves.

Brampton West Management Company Limited (Registered number: 05564637)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. SERVICE CHARGE INCOME AND EXPENDITURE ACCOUNT

For the year ending 31 December 2023

Notes 2023 2022
£    £   
INCOME RECEIVABLE

Flat maintenance charges 31,558 30,185
Total income receivable 31,558 30,185
EXPENDITURE
Light and heat 2,577 1,304
Repairs and Maintenance 15,278 15,865
Management fee 4,464 4,440
Bank charges 51 74
Sundry Expenses - -

Total expenditure 22,370 21,783
Movement on cash held 9,188 8,402

9. SERVICE CHARGE BALANCE SHEET

As at 31 December 2023

Notes 2023 2022
£    £   
ASSETS
Held by Brampton West Management Company in Trust 1 54,602 46,764
Debtors 1 183 2,164
Creditors - -
Net assets 54,785 48,928
RESERVES
General maintenance fund 2 54,785 48,928
Balance at 31 December 2022 54,785 48,928

Brampton West Management Company Limited (Registered number: 05564637)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. NOTES TO THE SERVICE CHARGE ACCOUNTS

For the year ending 31 December 2023

1. DEBTORS



The amount held in trust and included in debtors at the year end of £54,602 (2022- £46,764) represents the funds held on
trust by Brampton West Management Company Limited on behalf of the landlords.The debtors figure at the year end of £183
(2022- £448) represents the amount of outstanding fees from the landlords for maintenance.

2. RESERVES


The general reserve represents the funds accumulated to meet the cost of general repairs and maintenance of the shared
areas of the property.







Brampton West Management Company Limited (Registered number: 05564637)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. ACCOUNTANT'S REPORT ON SERVICE CHARGE

In accordance with our engagement, we have performed the procedures agreed with you and enumerated below with respect to the service charge statement of account set out in notes 9 to 11 to the financial statements in respect of The Bramptons West Estate, Newcastle-under-Lyme for the year ended 31December 2023.

This report is made to the Landlord for issue with the service charge supplementary information in accordance with the terms of our engagement. Our work has been undertaken to enable us to make this report to the Landlord and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Landlord for our work or for this report.

Our work was carried out having regard to TECH 01/10 Accounting For Service Charges published jointly by ICAEW, ARMA and RICS. In summary, the procedures we carried out with respect to the service charge accounts were:

1. to check whether the figures contained in the information were extracted correctly from the accounting records maintained by or on behalf of the Landlord;
2. to check, based on a sample, whether entries in the accounting records were supported by receipts, other documentation or evidence that we inspected; and
3. to check whether all service charge monies for this property are separately identified in the accounting records as subject to a statutory trust under section 42 of the Landlord and Tenant Act 1987 and the balances reconciled to the fund balance(s) shown on the statement of account.

These procedures did not constitute an audit in accordance with International Standards on Auditing and were not designed to provide any assurance regarding whether the amounts charged are a
reasonable amount for the services, or whether those services were provided effectively.

Report of factual findings:

(a) With respect to item 1, we found the figures in the statement of account to have been extracted correctly from the accounting records.
(b) With respect to item 2, we found that those entries in the accounting records that we checked were supported by receipts, other documentation or evidence that we inspected.
(c) With respect to item 3, we found that all service charge monies for the property were separately identified in the accounting records as subject to a statutory trust and the balances reconciled to the fund balance(s) shown on the statement of account.









Thompson Wright Limited
Chartered Accountants
Ebenezer House
Ryecroft
Newcastle under Lyme
Staffordshire
ST5 2BE