Company No:
Contents
Note | 2023 | 2022 | ||
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Current assets | ||||
Debtors | 3 |
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Cash at bank and in hand | 4 |
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20,979 | 24,089 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 14,661 | 19,387 | ||
Total assets less current liabilities | 14,661 | 19,387 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 6 |
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Other reserves |
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Profit and loss account |
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of Thorncliffe House Management Company (Wadebridge) Limited (registered number:
Mr N J Seaton-Burridge
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Thorncliffe House Management Company (Wadebridge) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales, registered number 05475571. The address of the Company's registered office is C/O Bishop Fleming LLP, Chy Nyverow, Newham Road, Truro, Cornwall, TR1 2DP, United Kingdom. The company's registered number is 05475571.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of Thorncliffe House Management Company (Wadebridge) Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates. The financial statements are rounded to the nearest £1 throughout.
The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Trade debtors |
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Prepayments |
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Cash at bank and in hand |
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Trade creditors |
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Accruals |
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Other creditors |
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£ | £ | ||
Allotted, called-up and fully-paid | |||
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