MODELMOVE RESIDENTS ASSOCIATION LIMITED |
Accountants' Report |
|
|
Accountants' report to the director of |
MODELMOVE RESIDENTS ASSOCIATION LIMITED |
|
You consider that the company is exempt from an audit for the year ended 31 December 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
Enigma Accounting and Consulting Limited |
Accountants |
|
421 Tonbridge Road |
Maidstone |
Kent |
ME16 8NJ |
|
31 August 2024 |
|
MODELMOVE RESIDENTS ASSOCIATION LIMITED |
Service Charges Account - Income and Expenditure |
for the year ended 31 December 2023 |
|
|
|
|
|
|
|
|
2023 |
|
2022 |
£ |
£ |
Income |
|
Service charges demanded |
9,519 |
|
5,917 |
|
Insurance claim received |
1,305 |
|
Management Pack Fee |
160 |
|
Ground Rent Demanded |
600 |
|
600 |
|
|
|
|
|
|
11,584 |
|
6,517 |
|
Expenditure |
|
Ground rent |
600 |
|
600 |
|
Buildings and officers insurance |
2,254 |
|
1,382 |
|
Communal light and heat |
- |
|
289 |
|
Communal repairs and maintenance |
4,005 |
|
2,895 |
|
Communal gardening |
1,342 |
|
1,320 |
|
Communal cleaning |
630 |
|
695 |
|
Accountancy fees |
350 |
|
350 |
|
Bank charges |
76 |
|
101 |
|
Support management fee |
1,078 |
|
335 |
|
Companies House - Annual return |
13 |
|
13 |
|
|
|
|
|
|
10,348 |
|
7,980 |
|
Surplus /(Deficit) |
1,236 |
|
(1,463) |
|
|
|
|
|
|
|
|
|
Breakdown of expenditure |
£ |
£ |
|
|
Commual repairs and maintenance |
4,005 |
|
2,895 |
|
Roof vent tiles above flat 4 |
340 |
|
|
|
Cleaing gutters 01/06/2023 |
95 |
|
Cleaing gutters 06/06/2023 |
95 |
|
Painting external masonary and woodwork |
2,980 |
|
Window cleaner |
495 |
|
225 |
|
Repair communal lighting |
102 |
|
Insurance claim - Window replacement |
1,670 |
|
Roof repairs |
860 |
|
Drainage works |
38 |
|
MODELMOVE RESIDENTS ASSOCIATION LIMITED |
Registered number: |
02586414 |
Balance Sheet |
as at 31 December 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Current assets |
Debtors |
3 |
|
273 |
|
|
965 |
Cash at bank and in hand |
|
|
5,095 |
|
|
3,308 |
|
|
|
5,368 |
|
|
4,273 |
|
Creditors: amounts falling due within one year |
4 |
|
(522) |
|
|
(663) |
|
Net current assets |
|
|
|
4,846 |
|
|
3,610 |
|
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
6 |
|
|
6 |
Profit and loss account |
|
|
|
4,840 |
|
|
3,604 |
|
Shareholders' funds |
|
|
|
4,846 |
|
|
3,610 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
R Pitt |
Director |
Approved by the board on 31 August 2024 |
|
MODELMOVE RESIDENTS ASSOCIATION LIMITED |
Notes to the Accounts |
for the year ended 31 December 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
The Company holds exemption from Corporation Tax. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
- |
|
422 |
|
Other debtors |
273 |
|
543 |
|
|
|
|
|
|
273 |
|
965 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Non-equity preference shares |
152 |
|
300 |
|
Other creditors |
370 |
|
363 |
|
|
|
|
|
|
522 |
|
663 |
|
|
|
|
|
|
|
|
|
|
5 |
Related party transactions |
|
|
R Pitt is a related party as a director and shareholders. There are no transactions between R Pitt and the Company. |
|
|
6 |
Controlling party |
|
|
There is no one party the controls the Company. All 6 shareholders hold an equal amount of shares. |
|
|
7 |
Other information |
|
|
MODELMOVE RESIDENTS ASSOCIATION LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
15 Bournewood Close |
|
Downswood |
|
Maidstone |
|
Kent |
|
ME15 8TJ |