Silverfin false false 30/06/2024 01/07/2023 30/06/2024 H Croeser 23/04/2018 P J Edwards 08/01/2024 G A Fall 18/03/2021 L C Huntley 06/08/2018 M C Lobb 08/01/2024 10/03/2019 A D G Styles 10/04/2017 25 August 2024 The principal activity of the Company during the financial year was that of the management and maintenance of Richmond Court. 01407918 2024-06-30 01407918 bus:Director1 2024-06-30 01407918 bus:Director2 2024-06-30 01407918 bus:Director3 2024-06-30 01407918 bus:Director4 2024-06-30 01407918 bus:Director5 2024-06-30 01407918 bus:Director6 2024-06-30 01407918 2023-06-30 01407918 core:CurrentFinancialInstruments 2024-06-30 01407918 core:CurrentFinancialInstruments 2023-06-30 01407918 core:ShareCapital 2024-06-30 01407918 core:ShareCapital 2023-06-30 01407918 core:OtherCapitalReserve 2024-06-30 01407918 core:OtherCapitalReserve 2023-06-30 01407918 core:RetainedEarningsAccumulatedLosses 2024-06-30 01407918 core:RetainedEarningsAccumulatedLosses 2023-06-30 01407918 core:LandBuildings 2023-06-30 01407918 core:LandBuildings 2024-06-30 01407918 2023-07-01 2024-06-30 01407918 bus:FilletedAccounts 2023-07-01 2024-06-30 01407918 bus:SmallEntities 2023-07-01 2024-06-30 01407918 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 01407918 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01407918 bus:Director1 2023-07-01 2024-06-30 01407918 bus:Director2 2023-07-01 2024-06-30 01407918 bus:Director3 2023-07-01 2024-06-30 01407918 bus:Director4 2023-07-01 2024-06-30 01407918 bus:Director5 2023-07-01 2024-06-30 01407918 bus:Director6 2023-07-01 2024-06-30 01407918 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Company No: 01407918 (England and Wales)

RICHMOND COURT (MILFORD ON SEA) MANAGEMENT LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

RICHMOND COURT (MILFORD ON SEA) MANAGEMENT LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

RICHMOND COURT (MILFORD ON SEA) MANAGEMENT LIMITED

BALANCE SHEET

As at 30 June 2024
RICHMOND COURT (MILFORD ON SEA) MANAGEMENT LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 8,834 8,834
8,834 8,834
Current assets
Debtors 4 3,989 11,784
Cash at bank and in hand 79,582 64,233
83,571 76,017
Creditors: amounts falling due within one year 5 ( 17,469) ( 18,004)
Net current assets 66,102 58,013
Total assets less current liabilities 74,936 66,847
Net assets 74,936 66,847
Capital and reserves
Called-up share capital 27 27
Other reserves 62,407 55,609
Profit and loss account 12,502 11,211
Total shareholders' funds 74,936 66,847

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Richmond Court (Milford on Sea) Management Limited (registered number: 01407918) were approved and authorised for issue by the Board of Directors on 25 August 2024. They were signed on its behalf by:

H Croeser
Director
RICHMOND COURT (MILFORD ON SEA) MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
RICHMOND COURT (MILFORD ON SEA) MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Richmond Court (Milford on Sea) Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Flat 12 Richmond Court Park Lane, Milford On Sea, Lymington, SO41 0PT, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises contributions receivable from the residents of Richmond Court.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 July 2023 8,834 8,834
At 30 June 2024 8,834 8,834
Accumulated depreciation
At 01 July 2023 0 0
At 30 June 2024 0 0
Net book value
At 30 June 2024 8,834 8,834
At 30 June 2023 8,834 8,834

4. Debtors

2024 2023
£ £
Trade debtors 2,498 2
Other debtors 1,491 11,782
3,989 11,784

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 14,227 14,227
Corporation tax 377 152
Other creditors 2,865 3,625
17,469 18,004