Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.9true2023-01-01falsethe maintenance and management of Bowerham, Ascott Road, Shipton-Under-Wychwood, OX7 6DE9 12543535 2023-01-01 2023-12-31 12543535 2022-01-01 2022-12-31 12543535 2023-12-31 12543535 2022-12-31 12543535 c:Director1 2023-01-01 2023-12-31 12543535 d:CurrentFinancialInstruments 2023-12-31 12543535 d:CurrentFinancialInstruments 2022-12-31 12543535 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12543535 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12543535 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-01-01 2023-12-31 12543535 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-12-31 12543535 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-12-31 12543535 c:FRS102 2023-01-01 2023-12-31 12543535 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12543535 c:FullAccounts 2023-01-01 2023-12-31 12543535 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 12543535 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12543535









BOWERHAM MANAGEMENT COMPANY LTD
(A company limited by guarantee)








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BOWERHAM MANAGEMENT COMPANY LTD
 
(A company limited by guarantee)
REGISTERED NUMBER: 12543535

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,142
534

Cash at bank and in hand
 5 
57
3,304

  
1,199
3,838

Creditors: amounts falling due within one year
 6 
(2,977)
(5,667)

Net current liabilities
  
 
 
(1,778)
 
 
(1,829)

Provisions for liabilities
  

Other provisions
 7 
1,778
1,829

Net assets
  
-
-



The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 August 2024.




Andrew Bratt
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
BOWERHAM MANAGEMENT COMPANY LTD

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Bowerham Management Company Ltd is a private company limited by guarantee, incorporated in England, United Kingdom. The address of the registered office is Bowerham, Ascott Road, Shipton-Under-Wychwood, OX7 6DE. The principal activity of the company is the maintenance and management of Bowerham, Ascott Road, Shipton-Under-Wychwood, OX7 6DE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises fees recognised by the company in respect of the management of Bowerham, Ascott Road, Shipton-Under-Wychwood, exclusive of value added tax.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 2

 
BOWERHAM MANAGEMENT COMPANY LTD

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.


3.


Employees




The average monthly number of employees, including directors, during the year was 9 (2022 - 9).


4.


Debtors

2023
2022
£
£


Fees receivable
1,142
534



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
57
3,304



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
978
4,268

Accruals and deferred income
1,999
1,399

2,977
5,667


Page 3

 
BOWERHAM MANAGEMENT COMPANY LTD

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Provisions





Provisions

£





At 1 January 2023
(1,829)


Released to profit or loss
51



At 31 December 2023
(1,778)

This reserve is for the future planned maintenance costs the company will incur.



8.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

 
Page 4