Leigh Court Management Company (Winsham) Limited 2451575 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the management and administration of the common parts and equipment situated at Leigh Court, Winsham, Somerset Digita Accounts Production Advanced 6.30.9574.0 true true 2451575 2023-04-01 2024-03-31 2451575 2024-03-31 2451575 bus:OrdinaryShareClass1 2024-03-31 2451575 core:RetainedEarningsAccumulatedLosses 2024-03-31 2451575 core:ShareCapital 2024-03-31 2451575 core:CurrentFinancialInstruments 2024-03-31 2451575 bus:SmallEntities 2023-04-01 2024-03-31 2451575 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 2451575 bus:FilletedAccounts 2023-04-01 2024-03-31 2451575 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 2451575 bus:RegisteredOffice 2023-04-01 2024-03-31 2451575 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 2451575 bus:Director3 2023-04-01 2024-03-31 2451575 bus:Director4 2023-04-01 2024-03-31 2451575 bus:Director5 2023-04-01 2024-03-31 2451575 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 2451575 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 2451575 countries:AllCountries 2023-04-01 2024-03-31 2451575 2022-04-01 2023-03-31 2451575 2023-03-31 2451575 bus:OrdinaryShareClass1 2023-03-31 2451575 core:RetainedEarningsAccumulatedLosses 2023-03-31 2451575 core:ShareCapital 2023-03-31 2451575 core:CurrentFinancialInstruments 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 2451575

Leigh Court Management Company (Winsham) Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2024

 

Leigh Court Management Company (Winsham) Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

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

The Granary, 1 Leigh Court
Forton
Chard
Somerset
TA20 4HW

Accountants

Scott Vevers Ltd
Chartered Accountants
and Registered Auditors
65 East Street
Bridport
Dorset
DT6 3LB

 

Leigh Court Management Company (Winsham) Limited

(Registration number: 2451575)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

40

-

Cash at bank and in hand

 

1,433

1,842

 

1,473

1,842

Accruals and deferred income

 

(630)

(630)

Net assets

 

843

1,212

Capital and reserves

 

Called up share capital

4

4

4

Retained earnings

839

1,208

Shareholders' funds

 

843

1,212

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:

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.

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 Board on 6 September 2024 and signed on its behalf by:
 

.........................................

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

1

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.

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 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

4

4

4

4