Sheridan Grange Management Company Limited 03860731 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Flat Management Co Digita Accounts Production Advanced 6.30.9574.0 true 03860731 2023-01-01 2023-12-31 03860731 2023-12-31 03860731 core:CurrentFinancialInstruments 2023-12-31 03860731 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03860731 bus:SmallEntities 2023-01-01 2023-12-31 03860731 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03860731 bus:FullAccounts 2023-01-01 2023-12-31 03860731 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03860731 bus:RegisteredOffice 2023-01-01 2023-12-31 03860731 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 03860731 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 03860731 countries:EnglandWales 2023-01-01 2023-12-31 03860731 2022-01-01 2022-12-31 03860731 2022-12-31 03860731 core:CurrentFinancialInstruments 2022-12-31 03860731 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 03860731

Sheridan Grange Management Company Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 December 2023

 

Sheridan Grange Management Company Limited

(Registration number: 03860731)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

2,044

975

Cash at bank and in hand

 

24,408

29,831

 

26,452

30,806

Creditors: Amounts falling due within one year

6

(8,216)

(6,953)

Net assets

 

18,236

23,853

Reserves

 

Income and expenditure account

18,236

23,853

Members' funds

 

18,236

23,853

For the financial year ending 31 December 2023 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 18 September 2024 and signed on its behalf by:
 

.........................................
Mr I J Luxton
Company secretary and director

 

Sheridan Grange Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

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: 5 Sheridan Grange, Ascot, SL5 0BX. England.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents service charges receivable from the residents for the year in question and is derived wholly within the UK.

Maintenance debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Other creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 

Sheridan Grange Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Tangible assets

The company has freehold ownership of the access road to the properties at Sheridan Grange.
No value is shown in the financial statements as it has been previously written off.

5

Debtors

2023
£

2022
£

Other debtors

1,680

-

Prepayments

364

975

2,044

975

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Accruals and deferred income

8,216

6,953