2022-12-26 01237099 2023-12-25 01237099 2022-12-26 2023-12-25 01237099 2022-12-25 01237099 2021-12-26 2022-12-25 01237099 uk-core:WithinOneYear 2022-12-25 01237099 uk-core:WithinOneYear 2023-12-25 01237099 uk-core:ShareCapital 2023-12-25 01237099 uk-core:ShareCapital 2022-12-25 01237099 uk-core:SharePremium 2023-12-25 01237099 uk-core:SharePremium 2022-12-25 01237099 uk-core:RetainedEarningsAccumulatedLosses 2023-12-25 01237099 uk-core:RetainedEarningsAccumulatedLosses 2022-12-25 01237099 uk-bus:Director1 2022-12-26 2023-12-25 iso4217:GBP xbrli:pure 01237099 uk-bus:AuditExemptWithAccountantsReport 2022-12-26 2023-12-25 01237099 uk-bus:FRS102 2022-12-26 2023-12-25 01237099 uk-bus:FilletedAccounts 2022-12-26 2023-12-25 01237099 uk-bus:PrivateLimitedCompanyLtd 2022-12-26 2023-12-25
Annes Court Management Company Limited
Registered Number:01237099
For the year ended 25 December 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
01237099
As at 25 December 2023
Annes Court Management Company Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
7,800
7,800
2
7,800
7,800
Current assets
Trade and other receivables
40,893
53,233
3
71,525
Cash and cash equivalents
36,544
89,777
112,418
Trade and other payables: amounts falling due within one
year
(5,884)
(6,467)
4
106,534
83,310
Net current assets
Total assets less current liabilities
91,110
114,334
91,110
Net assets
114,334
Capital and reserves
Called up share capital
90
90
Share premium account
11,760
11,760
Retained earnings
242,610
232,455
Other reserves
(163,350)
(129,971)
91,110
114,334
Shareholders' funds
For the year ended 25 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 25 December 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs R Pope Director
These financial statements were approved and authorised for issue by the Board on 31 May 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 25 December 2023
Annes Court Management Company Limited
Notes to the Financial Statements
Statutory Information
Annes Court Management Company Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 01237099.
Principal place of business:
Annes Court
Hayling Island
PO11 0AJ
Registered address:
The Old Surgery
19 Mengham Lane
Hayling Island
Hampshire
PO11 9JT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is
probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation
can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the
amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting
date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the
amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are
recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a
provision is measured at the present value of the amount expected to be required to settle the obligation, the
unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
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For the year ended 25 December 2023
Annes Court Management Company Limited
Notes to the Financial Statements Continued
Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual
provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the
arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at
amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are
publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at
fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently
measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is
deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the
asset is measured at the present value of the future payments discounted at a market rate of interest for a similar
debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised
in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at
the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit
or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these
are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the
basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to
the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying
amount would have been had the impairment not previously been recognised.
2. Property, plant and equipment
Land and
Buildings
£
Cost or
valuation
At 26 December 2022
7,800
At 25 December 2023
7,800
At 25 December 2023
Net book value
7,800
At 25 December 2022
7,800
3. Trade and other receivables
2022
2023
£
£
Trade debtors
53,233
40,700
Other debtors
-
193
40,893
53,233
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For the year ended 25 December 2023
Annes Court Management Company Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
1,000
1,816
Taxation and social security
3,549
2,240
Other creditors
1,918
1,828
6,467
5,884
5. Average number of persons employed
During the year the average number of employees was 6 (2022 : 5)
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