Registered number
01729688
Minster Court Management (Liverpool) Company Ltd
Unaudited Filleted Accounts
31 March 2024
Minster Court Management (Liverpool) Company Ltd
Registered number: 01729688
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 62,102 64,460
Current assets
Debtors 4 172,543 149,073
Cash at bank and in hand 70,830 95,913
243,373 244,986
Creditors: amounts falling due within one year 5 (7,830) (4,471)
Net current assets 235,543 240,515
Total assets less current liabilities 297,645 304,975
Provisions for liabilities 6 (135) (135)
Net assets 297,510 304,840
Capital and reserves
Called up share capital 281 281
Accumulated surplus 7 297,229 304,559
Reserve funds 297,510 304,840
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 Income and Expenditure account has not been delivered to the Registrar of Companies.
Mr S J White
Director
Approved by the board on 4 September 2024
Minster Court Management (Liverpool) Company Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Income
Income represents service charges due from investors as per the terms of their lease.
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:
Land & buildings At 10% SLM
Fixtures, fittings, tools and equipment At 10% SLM
Motor vehicles At 20% SLM
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 7 7
3 Tangible fixed assets
Land and buildings Fixtures & fittings Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 66,753 13,680 13,795 94,228
Additions - 1,035 7,500 8,535
Disposals - - (13,795) (13,795)
At 31 March 2024 66,753 14,715 7,500 88,968
Depreciation
At 1 April 2023 14,024 9,864 5,880 29,768
Charge for the year 668 1,385 925 2,978
On disposals - - (5,880) (5,880)
At 31 March 2024 14,692 11,249 925 26,866
Net book value
At 31 March 2024 52,061 3,466 6,575 62,102
At 31 March 2023 52,729 3,816 7,915 64,460
4 Debtors 2024 2023
£ £
Trade debtors 172,543 148,908
Other debtors - 165
172,543 149,073
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,557 -
Other taxes and social security costs 3,031 3,783
Other creditors 3,242 688
7,830 4,471
6 Reserve fund contribution account 2024 2023
£ £
At 1 April 135 135
- -
7 Accumulated surplus 2024 2023
£ £
At 1 April 2023 304,559 280,081
Surplus/ (Deficit) for the year (7,330) 24,478
At 31 March 2024 297,229 304,559
8 Other information
Minster Court Management (Liverpool) Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
300 St Mary's Road
Garston
Liverpool
Merseyside
L19 0NQ
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