Napier Court Management Company (Dorchester) Limited 01963717 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is The principal activity of the company continued to be that of the provision of property management services. The company holds the freehold reversion of Napier Court, Dorchester, Dorset subject to 189 year leases on 3 leasehold properties, the original leases having been extended Digita Accounts Production Advanced 6.30.9574.0 true 01963717 2023-01-01 2023-12-31 01963717 2023-12-31 01963717 core:RetainedEarningsAccumulatedLosses 2023-12-31 01963717 core:RevaluationReserve 2023-12-31 01963717 core:CurrentFinancialInstruments 2023-12-31 01963717 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01963717 bus:SmallEntities 2023-01-01 2023-12-31 01963717 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01963717 bus:FullAccounts 2023-01-01 2023-12-31 01963717 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01963717 bus:RegisteredOffice 2023-01-01 2023-12-31 01963717 bus:CompanySecretary1 2023-01-01 2023-12-31 01963717 bus:Director2 2023-01-01 2023-12-31 01963717 bus:Director3 2023-01-01 2023-12-31 01963717 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 01963717 bus:Agent1 2023-01-01 2023-12-31 01963717 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 01963717 core:RevaluationReserve 2023-01-01 2023-12-31 01963717 countries:EnglandWales 2023-01-01 2023-12-31 01963717 2022-12-31 01963717 core:RetainedEarningsAccumulatedLosses 2022-12-31 01963717 core:RevaluationReserve 2022-12-31 01963717 2022-01-01 2022-12-31 01963717 2022-12-31 01963717 core:RetainedEarningsAccumulatedLosses 2022-12-31 01963717 core:RevaluationReserve 2022-12-31 01963717 core:CurrentFinancialInstruments 2022-12-31 01963717 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 01963717 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 01963717 core:RevaluationReserve 2022-01-01 2022-12-31 01963717 2021-12-31 01963717 core:RetainedEarningsAccumulatedLosses 2021-12-31 01963717 core:RevaluationReserve 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 01963717

Napier Court Management Company (Dorchester) Limited (A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

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Chartered Accountants

 

Napier Court Management Company (Dorchester) Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 8

 

Napier Court Management Company (Dorchester) Limited

Company Information

Directors

D C Grassby

Mrs G Aldwin

Company secretary

Dickinson Bowden Secretarial Services Limited

Registered office

62 High West Street
Dorchester
Dorset
DT1 1UY

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Napier Court Management Company (Dorchester) Limited

Directors' Report
for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

D C Grassby

Mrs G Aldwin

Principal activity

The principal activity of the company continued to be that of the provision of property management services.

The company holds the freehold reversion of Napier Court, Dorchester, Dorset subject to 189 year leases on 3 leasehold properties, the original leases having been extended

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 24 May 2024 and signed on its behalf by:




Dickinson Bowden Secretarial Services Limited
Company secretary

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Napier Court Management Company (Dorchester) Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Napier Court Management Company (Dorchester) Limited for the year ended 31 December 2023 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Napier Court Management Company (Dorchester) Limited, as a body, in accordance with the terms of our engagement letter dated 28 February 2020. Our work has been undertaken solely to prepare for your approval the accounts of Napier Court Management Company (Dorchester) Limited and state those matters that we have agreed to state to the Board of Directors of Napier Court Management Company (Dorchester) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Napier Court Management Company (Dorchester) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Napier Court Management Company (Dorchester) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Napier Court Management Company (Dorchester) Limited. You consider that Napier Court Management Company (Dorchester) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Napier Court Management Company (Dorchester) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

2 September 2024

 

Napier Court Management Company (Dorchester) Limited

Profit and Loss Account
for the Year Ended 31 December 2023

2023
  £

2022
  £

Turnover

4,560

4,560

Administrative expenses

(3,848)

(4,488)

Operating profit

712

72

Profit before tax

712

72

Taxation

-

-

Profit for the financial year

712

72

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Napier Court Management Company (Dorchester) Limited

(Registration number: 01963717)
Balance Sheet as at 31 December 2023

Note

2023
 

2022
 

   

£

£

£

£

Current assets

   

 

Debtors

4

 

1,973

 

1,959

Cash at bank and in hand

   

2,167

 

1,591

   

4,140

 

3,550

Creditors: Amounts falling due within one year

5

 

(1,485)

 

(1,607)

Net assets

   

2,655

 

1,943

Capital and reserves

   

 

Depreciation fund

2,655

 

1,943

 

Profit and loss account

-

 

-

 

   

2,655

 

1,943

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 24 May 2024 and signed on its behalf by:
 

D C Grassby
Director

   
     
 

Napier Court Management Company (Dorchester) Limited

Statement of Changes in Equity
for the Year Ended 31 December 2023

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 January 2023

1,943

-

1,943

Surplus for the year

-

712

712

Total comprehensive income

-

712

712

Transfers

712

(712)

-

At 31 December 2023

2,655

-

2,655

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 January 2022

1,871

-

1,871

Surplus for the year

-

72

72

Total comprehensive income

-

72

72

Transfers

72

(72)

-

At 31 December 2022

1,943

-

1,943

 

Napier Court Management Company (Dorchester) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, 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.

The address of its registered office is:
62 High West Street
Dorchester
Dorset
DT1 1UY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The freehold reversion of Napier Court Management Company (Dorchester) Limited was acquired at nil cost, so is not shown on the balance sheet.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

 

Napier Court Management Company (Dorchester) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0). The average number of directors on the board during the year was 2 (2022 - 2).

4

Debtors

2023
£

2022
£

Prepayments

553

479

Amounts due from lessees

1,420

1,480

1,973

1,959

5

Creditors

2023
£

2022
£

Due within one year

Amounts received in advance from lessees

240

820

Accruals

324

372

Other creditors

921

415

1,485

1,607