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Registration number: 10349958

Crown Street West Management Company Limited (A company limited by guarantee)

Annual Report and Unaudited Financial Statements Year Ended 31 December 2023

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Chartered Accountants

 

Crown Street West Management Company Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 8

 

Crown Street West Management Company Limited

Company Information

Directors

N P Gratrix

P A Johnson

S M McElliot

T N E Williams

K J Henwood

J B Cox

Registered office

Greenslade Taylor Hunt
9 Hammet Street
Taunton
TA1 1RZ

Accountants

Edwards and Keeping
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Crown Street West Management Company Limited

Directors' Report
for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

N P Gratrix (appointed 23 November 2023)

P A Johnson (appointed 29 November 2023)

T N E Williams (appointed 15 November 2023)

K J Henwood

Mrs P Jenkins (ceased 18 December 2023)

J B Cox (appointed 15 November 2023)

The following director was appointed after the year end:

S M McElliot (appointed 6 March 2024)

Principal activity

The principal activity of the company is residential property management. The company holds the freehold of the following properties:

20, 22, 24, 26, 26a Crown Street West, Poundbury, Dorchester, Dorset, DT1 3DW
Flats 1-2, 2 Reeve Street, Poundbury, Dorchester, Dorset, DT1 3DB
Flats 1-2, 4 Marsden Mews, Poundbury, Dorchester, Dorset, DT1 3DQ
Flats 1-4, 5 Marsden Mews, Poundbury, Dorchester, Dorset, DT1 3DQ
Flats 1-2, 36 Marsden Street, Poundbury, Dorchester, Dorset, DT1 3DH
 

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 14 September 2024 and signed on its behalf by:
 


J B Cox
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Crown Street West Management Company Limitedfor the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Crown Street West Management Company Limited for the year ended 31 December 2023 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Crown Street West Management Company Limited, as a body, in accordance with the terms of our engagement letter dated 31 May 2020. Our work has been undertaken solely to prepare for your approval the accounts of Crown Street West Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Crown Street West Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crown Street West Management Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Crown Street West Management Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Crown Street West Management Company Limited. You consider that Crown Street West Management Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Crown Street West Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards and Keeping
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

23 September 2024

 

Crown Street West Management Company Limited

Profit and Loss Account
for the Year Ended 31 December 2023

2023
£

2022
£

Turnover

24,271

24,069

Gross surplus

24,271

24,069

Administrative expenses

(22,207)

(15,732)

Operating surplus

2,064

8,337

Other interest receivable and similar income

120

-

Surplus before tax

2,184

8,337

Taxation

-

-

Surplus for the financial year

2,184

8,337

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Crown Street West Management Company Limited

(Registration number: 10349958)
Balance Sheet as at 31 December 2023

Note

2023

2022

   

£

£

£

£

Current assets

   

 

Debtors

4

 

7,906

 

6,131

Cash at bank and in hand

   

40,249

 

34,549

   

48,155

 

40,680

Creditors: Amounts falling due within one year

5

 

(10,599)

 

(5,308)

Net assets

   

37,556

 

35,372

Reserves

   

 

General reserve

15,102

 

22,010

 

Internal hall reserve

 

5,681

 

4,722

 

External redecoration reserve

24,000

 

12,000

 

Lift reserve

(7,227)

 

(3,360)

 

Profit and Loss account

-

 

-

 

   

37,556

 

35,372

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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 14 September 2024 and signed on its behalf by:
 


J B Cox
Director

 

Crown Street West Management Company Limited

Statement of Changes in Equity
for the Year Ended 31 December 2023

General reserve
£

Internal hall reserve
£

External redecoration reserve
£

Lift reserve
£

Profit and loss account
£

Total
£

At 1 January 2023

22,010

4,722

12,000

(3,360)

-

35,372

Surplus for the year

-

-

-

-

2,184

2,184

Total comprehensive income

-

-

-

-

2,184

2,184

Transfers

(6,908)

959

12,000

(3,867)

(2,184)

-

At 31 December 2023

15,102

5,681

24,000

(7,227)

-

37,556

General reserve
£

Internal hall reserve
£

External redecoration reserve
£

Lift reserve
£

Profit and loss account
£

Total
£

At 1 January 2022

13,695

3,857

12,000

(2,517)

-

27,035

Surplus for the year

-

-

-

-

8,337

8,337

Total comprehensive income

-

-

-

-

8,337

8,337

Transfers

8,315

865

-

(843)

(8,337)

-

At 31 December 2022

22,010

4,722

12,000

(3,360)

-

35,372

 

Crown Street West 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:
Greenslade Taylor Hunt
9 Hammet Street
Taunton
TA1 1RZ
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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

 

Crown Street West 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 during the year, was 0 (2022 - 0). The average number of directors on the board during the year was 2 (2022 - 3).

4

Debtors

Current

2023
£

2022
£

Amounts due from lessees

5,421

3,671

Amounts due from developer

-

930

Prepayments

1,654

1,427

Other debtors

831

103

 

7,906

6,131

5

Creditors

2023
£

2022
£

Due within one year

Amounts in advance from lessees

2,089

2,200

Accruals

1,771

1,234

Other creditors

6,739

1,874

10,599

5,308