Registered number
01698745
Hamilton Mews Residents Management Company Limited
Filleted Accounts
31 March 2024
Hamilton Mews Residents Management Company Limited
Registered number: 01698745
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,000 20,000
Current assets
Cash at bank and in hand 11,047 13,300
Creditors: amounts falling due within one year 4 (705) (195)
Net current assets 10,342 13,105
Total assets less current liabilities 30,342 33,105
Creditors: amounts falling due after more than one year 5 - (3,600)
Net assets 30,342 29,505
Capital and reserves
Called up share capital 12 12
Share premium 19,994 19,994
Maintenance reserve 6 7,829 7,829
Profit and loss account 2,507 1,670
Shareholders' funds 30,342 29,505
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr G M Coombes
Director
Approved by the board on 15 April 2024
Hamilton Mews Residents Management Company Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the management charge made to the lessees of Hamilton Mews.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 20,000
At 31 March 2024 20,000
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 20,000
At 31 March 2023 20,000
The company owns the Freehold of Hamilton Mews 26/27 Gosport Street Lymington Hampshire.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 705 195
5 Creditors: amounts falling due after one year 2024 2023
£ £
Trade creditors - 3,600
6 Maintenance reserve 2024 2023
£ £
At 1 April 2023 7,829 7,829
At 31 March 2024 7,829 7,829
Reallocation of the provision for Triennial/Planned Maintenance.
7 Other information
Hamilton Mews Residents Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
16 Wykeham Place
Lymington
Hampshire
SO41 3QT
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