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COMPANY REGISTRATION NUMBER: 00997748
Minster Court Management (Taunton) Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
31 December 2023
Minster Court Management (Taunton) Limited
Company Limited by Guarantee
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current assets
Cash at bank and in hand
37,031
34,607
Creditors: amounts falling due within one year
5
1,455
609
--------
--------
Net current assets
35,576
33,998
--------
--------
Total assets less current liabilities
35,576
33,998
--------
--------
Net assets
35,576
33,998
--------
--------
Capital and reserves
Profit and loss account
35,576
33,998
--------
--------
Members funds
35,576
33,998
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 April 2024 , and are signed on behalf of the board by:
Mrs L S Knight
Director
Company registration number: 00997748
Minster Court Management (Taunton) Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 11 Minster Court, Windsor Close, Galmington, Taunton, Somerset, TA1 4LW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Company limited by guarantee
The company is Limited by Guarantee and therefore has no share capital.
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
885
93
Other creditors
570
516
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----
1,455
609
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