2023-01-01 09124306 2023-12-31 09124306 2023-01-01 2023-12-31 09124306 2022-12-31 09124306 2022-01-01 2022-12-31 09124306 uk-core:WithinOneYear 2022-12-31 09124306 uk-core:WithinOneYear 2023-12-31 09124306 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 09124306 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 09124306 uk-bus:Director1 2023-01-01 2023-12-31 09124306 uk-core:FurnitureFittings 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure 09124306 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09124306 uk-bus:FRS102 2023-01-01 2023-12-31 09124306 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 09124306 uk-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31
12 Marine Parade Folkestone Management Company Limited
Registered Number:09124306
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
12 Marine Parade Folkestone Management Company Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
09124306
As at 31 December 2023
12 Marine Parade Folkestone Management Company Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
1,570
-
2
1,570
-
Current assets
5,413
Cash and cash equivalents
4,664
4,664
5,413
Trade and other payables: amounts falling due within one
year
(1,868)
(2,855)
3
3,545
1,809
Net current assets
Total assets less current liabilities
3,379
3,545
3,379
Net assets
3,545
Capital and reserves
Retained earnings
3,379
3,545
3,379
3,545
Members' Funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Ms Deirdre Mulcahy Director
These financial statements were approved and authorised for issue by the Board on 27 August 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
12 Marine Parade Folkestone Management Company Limited
Notes to the Financial Statements
Statutory Information
12 Marine Parade Folkestone Management Company Limited is a private limited company, limited by guarantee,
domiciled in England and Wales, registration number 09124306.
Registered address:
Flat 1 Sunnymead
Gaudick Place
Eastbourne
East Sussex
BN20 7RY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Furniture and Fittings
Residents' Contributions
The income for the business is derived from residents' contributions.
Controlling Party
Mrs D Mulcahy, director, is the ultimate controlling party as she excersises significant influence.
2. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
2,094
Additions
At 31 December 2023
2,094
Provision for depreciation and impairment
Charge for year
524
At 31 December 2023
524
At 31 December 2023
Net book value
1,570
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5
For the year ended 31 December 2023
12 Marine Parade Folkestone Management Company Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Other creditors
2,855
1,868
4. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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