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Registration number: 10709925

47 St Mary Street Management Co. Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

image-name

Chartered Accountants

 

47 St Mary Street Management Co. 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

 

47 St Mary Street Management Co. Limited

Company Information

Directors

S T Thornton

Mrs V G Thornton

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

 

47 St Mary Street Management Co. 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:

S T Thornton

Mrs V G Thornton

Principal activity

The principal activity is the provision of property management services.

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 5 September 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
47 St Mary Street Management Co. Limitedfor 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 47 St Mary Street Management Co. 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 47 St Mary Street Management Co. Limited, as a body, in accordance with the terms of our engagement letter dated 5 August 2019. Our work has been undertaken solely to prepare for your approval the accounts of 47 St Mary Street Management Co. Limited and state those matters that we have agreed to state to the Board of Directors of 47 St Mary Street Management Co. 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 47 St Mary Street Management Co. Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 47 St Mary Street Management Co. 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 47 St Mary Street Management Co. Limited. You consider that 47 St Mary Street Management Co. 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 47 St Mary Street Management Co. 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

6 September 2024

 

47 St Mary Street Management Co. Limited

Profit and Loss Account
for the Year Ended 31 December 2023

2023
  £

2022
  £

Turnover

7,145

2,830

Administrative expenses

(6,600)

(2,305)

Operating profit

545

525

Profit before tax

545

525

Taxation

-

-

Profit for the financial year

545

525

The above results were derived from continuing operations.

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

 

47 St Mary Street Management Co. Limited

(Registration number: 10709925)
Balance Sheet as at 31 December 2023

Note

2023
 

2022
 

   

£

£

£

£

Current assets

   

 

Debtors

4

 

1,661

 

1,378

Cash at bank and in hand

   

854

 

667

   

2,515

 

2,045

Creditors: Amounts falling due within one year

5

 

(1,052)

 

(1,127)

Net assets

   

1,463

 

918

Capital and reserves

   

 

Called up share capital

4

 

4

 

Profit and loss account

1,459

 

914

 

   

1,463

 

918

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.

Directors' 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 5 September 2024 and signed on its behalf by:
 

S T Thornton
Director

Mrs V G Thornton
Director

 
     
 

47 St Mary Street Management Co. Limited

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

Share capital
£

Profit and loss account
£

Total
£

At 1 January 2023

4

914

918

Profit for the year

-

545

545

At 31 December 2023

4

1,459

1,463

Share capital
£

Profit and loss account
£

Total
£

At 1 January 2022

4

389

393

Profit for the year

-

525

525

At 31 December 2022

4

914

918

 

47 St Mary Street Management Co. Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

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.

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.

Trade creditors

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

47 St Mary Street Management Co. Limited

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

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2020 - 0). The average number of directors on the board during the year was 2 (2022 - 2).

4

Debtors

2023
£

2022
£

Amounts due from lessees

1,001

926

Other debtors

170

-

Prepayments

490

452

1,661

1,378

5

Creditors

2023
£

2022
£

Due within one year

Accruals and other creditors

1,052

1,127