Registration number:
Leigh Court Management Company (Winsham) Limited
for the Year Ended 31 March 2024
Leigh Court Management Company (Winsham) Limited
Contents
Company Information |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Leigh Court Management Company (Winsham) Limited
Company Information
Directors |
Mrs B J Symes Mr J Sanders Mr K J Butler Mrs S E Burt |
Company secretary |
Mrs B J Symes |
Registered office |
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Accountants |
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Leigh Court Management Company (Winsham) Limited
(Registration number: 2451575)
Abridged Balance Sheet as at 31 March 2024
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2023 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Accruals and deferred income |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Mrs B J Symes
Company secretary and director
Leigh Court Management Company (Winsham) Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024
General information |
The company is limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.
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 abridged financial statements were prepared in accordance with Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These abridged 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.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover represents the service charges payable by the occupants of the residential units situated at Leigh Court, Winsham, Somerset in respect of the maintenance and overhead expenses of the common equipment installed in the complex, and the other overheads incurred by the Company.
Depreciation
Following the sales of the four units comprising the property known as Leigh Court to their respective owner occupiers, the Company was on 19th March 1993 registered as the proprietor with the title absolute of certain freehold amenity lands, which have common equipment situated thereon. The Company has made no payment for these lands or equipment.
The directors are of the opinion that the freehold interest of this property is of some value. However, as it is not an investment property, the Directors feel that it would not be in the best interests of the Company and its members to incur the costs of a professional valuation.
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.
Taxation
HM Revenue and Customs have agreed that the Company is to be treated as mutually trading and is not therefore liable to Corporation Tax on any operating profit. Accordingly, no provisions are required for Corporation Tax or Deferred Tax.
Leigh Court Management Company (Winsham) Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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4 |
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4 |