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Registration number: 05023218

Froome Place Management Company Limited

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 December 2023

 

Froome Place Management Company Limited

(Registration number: 05023218)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

129

132

Cash at bank and in hand

 

1,792

1,149

 

1,921

1,281

Creditors: Amounts falling due within one year

5

(474)

(474)

Net assets

 

1,447

807

Capital and reserves

 

Called up share capital

9

9

Income and expenditure account

1,438

798

Shareholders' funds

 

1,447

807

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 20 August 2024 and signed on its behalf by:
 

.........................................
Ms L Bishopp
Company secretary and director

.........................................
Ms S E Turner
Director

 

Froome Place Management Company Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 24 Reading Road, Chineham, Basingstoke, Hampshire, RG24 8LN.

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 the amount of maintenance contributions receivable in the year. The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

Tangible assets

The company is the beneficial owner of the freehold driveway; no value has been disclosed in these financial statements as no consideration was paid.

Other 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.

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.

3

Staff numbers

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

Due to the nature of the company’s activities there were no employees in the current or previous year.

 

Froome Place Management Company Limited

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

4

Debtors

2023
£

2022
£

Prepayments

129

132

129

132

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Accruals and deferred income

474

474