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COMPANY REGISTRATION NUMBER: 04205625
St Thomas Place Management Co Limited
Filleted Unaudited Financial Statements
31 December 2023
St Thomas Place Management Co Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
£
Current assets
Debtors
4
5,817
60,145
Cash at bank and in hand
43,433
81,462
--------
---------
49,250
141,607
Creditors: amounts falling due within one year
5
27,356
120,631
--------
---------
Net current assets
21,894
20,976
--------
--------
Total assets less current liabilities
21,894
20,976
Provisions
Other provisions
15,314
14,396
--------
--------
Net assets
6,580
6,580
--------
--------
Capital and reserves
Called up share capital
68
68
Profit and loss account
6,512
6,512
-------
-------
Shareholders funds
6,580
6,580
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
St Thomas Place Management Co Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 23 September 2024 , and are signed on behalf of the board by:
Mr D Duffy
Director
Company registration number: 04205625
St Thomas Place Management Co Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 St Thomas Street, Bristol, BS1 6JZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the going concern basis, under the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the entity.
Debtors
Trade and other debtors including amounts owed by group companies are recognised initially at transaction price. A provision for impairment is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables.
Cash and cash equivalents
Cash and equivalents include cash on hand and demand deposits. Bank overdrafts are shown within borrowings in current liabilities on the statement of financial position.
Creditors and accruals
Creditors and accruals are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at the transition price and subsequently at amortised cost.
Share capital
Ordinary shares are classified as equity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
4. Debtors
2023
2022
£
£
Trade debtors
1,587
57,391
Other debtors
4,230
2,754
-------
--------
5,817
60,145
-------
--------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
15,529
103,734
Other creditors
11,827
16,897
--------
---------
27,356
120,631
--------
---------