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REGISTERED NUMBER: 03409761 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

MAYFIELD (WASHINGTON) MANAGEMENT
COMPANY LIMITED

MAYFIELD (WASHINGTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03409761)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


MAYFIELD (WASHINGTON) MANAGEMENT
COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTORS: Mrs E H Mekkawy
Dr E Mekkawy
Mrs J Ellison





SECRETARY: Town & City Secretaries Ltd





REGISTERED OFFICE: 9 Pioneer Court
Morton Palms
Darlington
DL1 4WD





REGISTERED NUMBER: 03409761 (England and Wales)





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

MAYFIELD (WASHINGTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03409761)

REPORT OF THE DIRECTORS
for the Year Ended 31st December 2023

The directors present their report with the financial statements of the company for the year ended 31st December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2023 to the date of this report.

Mrs E H Mekkawy
Dr E Mekkawy

Other changes in directors holding office are as follows:

N W Judson - resigned 17th August 2023
Mrs J Ellison - appointed 7th August 2023
D Sangha - appointed 4th July 2023 - resigned 6th October 2023

The company is limited by guarantee and has no share capital.

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:





Mrs E H Mekkawy - Director


28th August 2024

MAYFIELD (WASHINGTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03409761)

INCOME STATEMENT
for the Year Ended 31st December 2023

31/12/23 31/12/22
Notes £    £   

INCOME 23,273 22,161

Service charge expenditure 23,447 21,800
OPERATING (DEFICIT)/SURPLUS (174 ) 361

Interest receivable and similar income 203 10
SURPLUS BEFORE TAXATION 29 371

Tax on surplus 4 - -
SURPLUS FOR THE FINANCIAL YEAR 29 371

MAYFIELD (WASHINGTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03409761)

BALANCE SHEET
31st December 2023

31/12/23 31/12/22
Notes £    £   
CURRENT ASSETS
Debtors 5 25,559 28,309

CREDITORS
Amounts falling due within one year 6 25,559 28,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-

RESERVES
- -

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 surplus or deficit 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 Board of Directors and authorised for issue on 28th August 2024 and were signed on its behalf by:





Mrs E H Mekkawy - Director


MAYFIELD (WASHINGTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03409761)

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

1. STATUTORY INFORMATION

Mayfield (Washington) Management Company Limited is a private company, limited by guarantee , 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.

Income
During the year the company received monies from lessees, as agent, in respect of service charges and related income, which are held on trust and do not constitute turnover.

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 lessees 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 NIL (2022 - NIL).

31/12/23 31/12/22
£    £   
Directors' remuneration - -

4. TAXATION

It is considered that the company operates as a mutual concern and that no corporation tax liability arises in respect of transactions with members of the company.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 1,173 2,304
Other debtors 24,386 26,005
25,559 28,309

MAYFIELD (WASHINGTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03409761)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 538 3,681
Other creditors 25,021 24,628
25,559 28,309

7. RESERVES
Income
and
expenditure
account
£   

Surplus for the year 29
Transfer (to)/from Service Charge
Account

(29

)

At 31st December 2023 -

8. RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such received income in the form of service charge from residents, some of whom are directors of the company. Service charges payable by the directors are on the same basis as for all the other residents. No other transactions with related parties were undertaken such as required to be disclosed under FRS 102.

9. LIMIT OF MEMBERS LIABILITY

The liability of the members of the company is limited by guarantee to £1 each.