REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 |
FOR |
MAYFIELD (WASHINGTON) MANAGEMENT |
COMPANY LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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. |
Other changes in directors holding office are as follows: |
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: |
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 |
Service charge expenditure |
OPERATING (DEFICIT)/SURPLUS | ( |
) |
Interest receivable and similar income |
SURPLUS BEFORE TAXATION |
Tax on surplus | 4 |
SURPLUS FOR THE FINANCIAL YEAR |
MAYFIELD (WASHINGTON) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 03409761) |
BALANCE SHEET |
31st December 2023 |
31/12/23 | 31/12/22 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Other debtors |
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 |
Other creditors |
7. | RESERVES |
Income |
and |
expenditure |
account |
£ |
Surplus for the year |
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. |