Registered Number
Dormant Accounts
31 December 2023
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Net assets |
|
|
|
Reserves |
|
|
Approved by the Board on
And signed on their behalf by:
Company is limited by guarantee. Each member of the company undertakes to contribute a sum not exceeding £1 to the company's assets and liabilities should it be wound up whilst they are a member, or within 1 year of ceasing to be a member. The principle activity of the company for the period under review was the management of Wildbourne Close, Milton-Under-Wychwood, Chipping Norton, OX7 6SY. As part of the management of that property, service charges are collected from tenants to meet the costs of managing the property. Service charges are held in trust for the benefit of the tenants under Section 42 of the Landlord and Tenant Act 1987. Accordingly, the service charge income and expenditure is excluded from the company's accounts and separate service charge accounts are prepared for the mutual benefit of the members of the company. Those service charge accounts record the bank balance held in trust on behalf of the tenants.