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Registration number: 09587974

James House Poundbury Limited (A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

image-name

Chartered Accountants

 

James House Poundbury Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 8

 

James House Poundbury Limited

Company Information

Directors

Mrs S A Lock-Ingham

B A Macaulay

Registered office

C/O Flat 2
52 Peverell Avenue East
Poundbury
Dorchester
Dorset
DT1 3WE

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

James House Poundbury Limited

Directors' Report
for the Year Ended 31 May 2024

The directors present their report and the financial statements for the year ended 31 May 2024.

Directors of the company

The directors who held office during the year were as follows:

Mrs S A Lock-Ingham

B A Macaulay

Principal activity

The principal activity of the company has been the provision of property management services in respect of the premises at 52 Peverell Avenue East, Poundbury, Dorchester.

Small companies provision statement

This report has 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.

Approved by the Board on 11 May 2024 and signed on its behalf by:


Mrs S A Lock-Ingham
Director

   
     
 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
James House Poundbury Limitedfor the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of James House Poundbury Limited for the year ended 31 May 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of James House Poundbury Limited, as a body, in accordance with the terms of our engagement letter dated 1 October 2020. Our work has been undertaken solely to prepare for your approval the accounts of James House Poundbury Limited and state those matters that we have agreed to state to the Board of Directors of James House Poundbury Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than James House Poundbury Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that James House Poundbury Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of James House Poundbury Limited. You consider that James House Poundbury Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of James House Poundbury Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

12 May 2024

 

James House Poundbury Limited

Profit and Loss Account
for the Year Ended 31 May 2024

2024
£

2023
£

Turnover

5,520

5,520

Gross surplus

5,520

5,520

Administrative expenses

(5,392)

(4,836)

Operating surplus

128

684

Surplus before tax

128

684

Surplus for the financial year

128

684

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

James House Poundbury Limited

(Registration number: 09587974)
Balance Sheet as at 31 May 2024

Note

2024

2023

   

£

£

£

£

Current assets

   

 

Debtors

4

 

450

 

506

Cash at bank and in hand

   

15,879

 

16,114

   

16,329

 

16,620

Creditors: Amounts falling due within one year

5

 

(1,688)

 

(2,107)

Net assets

   

14,641

 

14,513

Capital and reserves

   

 

Depreciation fund

12,000

 

9,000

 

Profit and loss account

2,641

 

5,513

 

   

14,641

 

14,513

For the financial year ending 31 May 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.

Approved and authorised for issue by the Board on 11 May 2024 and signed on its behalf by:
 


Mrs S A Lock-Ingham
Director

   
 

James House Poundbury Limited

Statement of Changes in Equity
for the Year Ended 31 May 2024

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 June 2023

9,000

5,513

14,513

Surplus for the year

-

128

128

Transfers

3,000

(3,000)

-

At 31 May 2024

12,000

2,641

14,641

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 June 2022

6,000

7,829

13,829

Surplus for the year

-

684

684

Transfers

3,000

(3,000)

-

At 31 May 2023

9,000

5,513

14,513

 

James House Poundbury Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
C/O Flat 2
52 Peverell Avenue East
Poundbury
Dorchester
Dorset
DT1 3WE

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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

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.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

 

James House Poundbury Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0). The average number of directors on the board during the year, was 2 (2023 - 2).

 

4

Debtors

2024
£

2023
£

Prepayments

450

399

Other debtors

-

107

450

506

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Amounts in advance from lessees

1,100

1,540

Accruals

510

492

Other creditors

78

75

1,688

2,107