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REGISTERED NUMBER: 01636582 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HOLWELL COURT MANAGEMENT COMPANY LTD

HOLWELL COURT MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 01636582)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOLWELL COURT MANAGEMENT COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr P T Cohen
Mr R H K Wells
Mrs B Dayaram Mistry





SECRETARY: Mr L E Pickett





REGISTERED OFFICE: 4 Holwell Court
Holwell
Hatfield
Hertfordshire
AL9 5RL





REGISTERED NUMBER: 01636582 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

HOLWELL COURT MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 01636582)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,933 4,933

CURRENT ASSETS
Stocks 5 1,848 2,990
Debtors 6 4,783 1,893
Cash at bank 82,290 98,002
88,921 102,885
CREDITORS
Amounts falling due within one year 7 6,685 8,654
NET CURRENT ASSETS 82,236 94,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,169

99,164

CAPITAL AND RESERVES
Called up share capital 9 9
Other reserves 8 99,155 92,140
Retained earnings 8 (11,995 ) 7,015
SHAREHOLDERS' FUNDS 87,169 99,164

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.

HOLWELL COURT MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 01636582)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2024 and were signed on its behalf by:




Mr P T Cohen - Director



Mr R H K Wells - Director


HOLWELL COURT MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 01636582)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Holwell Court Management Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents (i) service charges receivable from the lessees of the 9 residential units at Holwell Court Mansion in respect of the cost of maintenance and other operating expenses of the premises used by the lessees, and (ii) charges in respect of LPG supplied to those lessees and the lessees of 4 adjoining residential units.

Tangible fixed assets
The Directors do not consider that depreciation is required in respect of the freehold property.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

HOLWELL COURT MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 01636582)

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 NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2023
and 31 December 2023 4,933
NET BOOK VALUE
At 31 December 2023 4,933
At 31 December 2022 4,933

5. STOCKS
2023 2022
£    £   
Gas stock 1,848 2,990

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Service charge debtors 3,063 -
Gas account debtors 1,720 1,893
4,783 1,893

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 107 -
Other creditors - 76
Gas deposits 3,800 3,800
Gas creditor account - 2,258
Accrued expenses 2,778 2,520
6,685 8,654

Other creditors represents an amount due to the lessees.

HOLWELL COURT MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 01636582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. RESERVES

This is created from surplus on the income and expenditure account and has been allocated to the following reserves:

31.12.202331.12.2022
£   £   
Contingency reserve (formerly freehold ownership)4,1924,170
Building sinking fund77,82174,418
Redecoration reserve5,14720,567
87,16099,155



9. CONTINGENT LIABILITIES

The Board has been advised that major roof repairs may be required in the foreseeable future. It is therefore the policy of the Company to accumulate reserves in order to meet the cost of some repairs that may be necessary.