Registered number
02399448
Sunningdale (Bournemouth) Management Company Limited
Filleted Accounts
31 December 2023
Sunningdale (Bournemouth) Management Company Limited
Registered number: 02399448
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 17,596 7,453
Cash at bank and in hand 5,952 23,233
23,548 30,686
Creditors: amounts falling due within one year 4 (10,367) (10,023)
Net current assets 13,181 20,663
Net assets 13,181 20,663
Capital and reserves
Called up share capital 43 43
Revaluation reserve 5 13,362 12,737
Profit and loss account (224) 7,883
Shareholders' funds 13,181 20,663
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.
R Smith
Director
Approved by the board on 6 September 2024
Sunningdale (Bournemouth) Management Company Limited
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 represents the charges made to leaseholders as contributions towards communal expenses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Debtors 2023 2022
£ £
Trade debtors 16,000 5,861
Other debtors 1,596 1,592
17,596 7,453
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 10,367 10,023
5 Other reserves 2023 2022
£ £
At 1 January 2023 12,737 12,737
Reserve levy 625 -
At 31 December 2023 13,362 12,737
6 Other information
Sunningdale (Bournemouth) Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Hawk Estates
Wessex House
St Leonards Road
Bournemouth
BH8 8QS
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