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REGISTERED NUMBER: 05136146 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

THE JUNXION MANAGEMENT COMPANY LIMITED

THE JUNXION MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 05136146)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


THE JUNXION MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31st August 2023







DIRECTOR: R J L Philpott





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 05136146 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

THE JUNXION MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 05136146)

REPORT OF THE DIRECTOR
for the Year Ended 31st August 2023

The director presents his report with the financial statements of the company for the year ended 31st August 2023.

DIRECTOR
R J L Philpott held office during the whole of the period from 1st September 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R J L Philpott - Director


29th August 2024

THE JUNXION MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 05136146)

INCOME STATEMENT
for the Year Ended 31st August 2023

31/8/23 31/8/22
Notes £    £   

TURNOVER 1,679,720 2,022,752

Service charge expenditure 1,638,038 2,025,000
41,682 (2,248 )

Other operating income 11,029 10,115
OPERATING PROFIT 52,711 7,867

Interest receivable and similar income 2,048 -
PROFIT BEFORE TAXATION 54,759 7,867

Tax on profit 4 389 -
PROFIT FOR THE FINANCIAL YEAR 54,370 7,867

THE JUNXION MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 05136146)

BALANCE SHEET
31st August 2023

31/8/23 31/8/22
Notes £    £   
CURRENT ASSETS
Debtors 5 378,652 474,913

CREDITORS
Amounts falling due within one year 6 378,553 474,814
NET CURRENT ASSETS 99 99
TOTAL ASSETS LESS CURRENT
LIABILITIES

99

99

CAPITAL AND RESERVES
Called up share capital 7 99 99
SHAREHOLDERS' FUNDS 99 99

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

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

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 29th August 2024 and were signed by:





R J L Philpott - Director


THE JUNXION MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 05136146)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2023

1. STATUTORY INFORMATION

The Junxion Management Company Limited 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 service charge contributions receivable in the period.

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.

Reserve funds
Reserve Funds are held on trust on behalf of the leaseholders and are intended to contribute towards the costs of future non-annual maintenance.

Presentation of the income statement
The presentation of the Income Statement on page 3 has been modified from the prescribed format for company accounts in order to provide more information to leaseholders and other parties who may be interested in the expenditure incurred in the management of the property.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 16 ) .

31/8/23 31/8/22
£    £   
Director's remuneration - -

THE JUNXION MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 05136146)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2023

4. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31/8/23 31/8/22
£    £   
Current tax:
UK corporation tax 389 -
Tax on profit 389 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors 31,362 20,737
Balances held by Managing Agent 321,998 337,591
Student Investor Deficit - 18,142
Prepayments 25,292 98,443
378,652 474,913

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade creditors 71,561 99,358
Tax 389 -
Student Investor Reserve Fund 118,645 271,314
Estate Reserve Fund 44,433 47,625
Estate Surplus 2,264 3,065
Student Investor Surplus 37,029 -
Accrued expenses 104,232 53,452
378,553 474,814

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/23 31/8/22
value: £    £   
99 Ordinary £1 99 99

THE JUNXION MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 05136146)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2023

8. RESERVES
Retained
earnings
£   

Profit for the year 54,370
Transfer to Student Investor Surplus (55,171 )
Transfer to Estate Surplus 801
At 31st August 2023 -

9. RELATED PARTY DISCLOSURES

During the year the company was charged an amount of £4,000 (2022 - £4,000) by Mr R J L Philpott for his services acting as a property consultant for the company.