Registered number
01080947
Fairhope Court Management Ltd
Unaudited Filleted Accounts
31 December 2023
Fairhope Court Management Ltd
Registered number: 01080947
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,800 3,800
Current assets
Debtors 4 13,516 12,062
Cash at bank and in hand 15,963 15,385
29,479 27,447
Creditors: amounts falling due within one year 5 (33,170) (31,140)
Net current liabilities (3,691) (3,693)
Net assets 109 107
Capital and reserves
Called up share capital 25 25
Transfer to Sinking Fund (1,900) (4,600)
Profit and loss account 1,984 4,682
Shareholders' funds 109 107
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.
U Patel
Director
Approved by the board on 10 September 2024
Fairhope Court Management Ltd
Notes to the Accounts
for the year ended 31 December 2023
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.
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 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 3,800
At 31 December 2023 3,800
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 3,800
At 31 December 2022 3,800
4 Debtors 2023 2022
£ £
Trade debtors 13,516 12,062
5 Creditors: amounts falling due within one year 2023 2022
£ £
Sinking Fund 32,740 30,840
Other creditors 430 300
6 Other information
Fairhope Court Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
33 Newton Rd
Preston
PR2 1DY
Fairhope Court Management Ltd 01080947 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 U Patel No description of principal activity 01080947 2022-01-01 2022-12-31 01080947 core:WithinOneYear 2022-12-31 01080947 core:ShareCapital 2022-12-31 01080947 core:RetainedEarningsAccumulatedLosses 2022-12-31 01080947 2023-01-01 2023-12-31 01080947 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01080947 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01080947 bus:Director40 2023-01-01 2023-12-31 01080947 1 2023-01-01 2023-12-31 01080947 2 2023-01-01 2023-12-31 01080947 countries:England 2023-01-01 2023-12-31 01080947 bus:FRS102 2023-01-01 2023-12-31 01080947 bus:FilletedAccounts 2023-01-01 2023-12-31 01080947 2023-12-31 01080947 core:WithinOneYear 2023-12-31 01080947 core:ShareCapital 2023-12-31 01080947 core:RetainedEarningsAccumulatedLosses 2023-12-31 01080947 core:LandBuildings 2023-12-31 01080947 2022-12-31 01080947 core:LandBuildings 2022-12-31 iso4217:GBP xbrli:pure