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Registration number: 05352952

Challacombe House Management Limited (A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

image-name

Chartered Accountants

 

Challacombe House Management 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

 

Challacombe House Management Limited

Company Information

Directors

C T Jones

J E Buckle OBE

Miss A J Patrick

D C Lucas

J C Hamm

Company secretary

Templehill Property

Registered office

49 High West Street
Dorchester
Dorset
DT1 1UT

Accountants

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

 

Challacombe House Management 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:

C T Jones

J E Buckle OBE

Miss A J Patrick

D C Lucas

J C Hamm

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 by the Board on 20 September 2024 and signed on its behalf by:


Templehill Property
Company secretary

   
     
 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Challacombe House Management 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 Challacombe House Management 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 Challacombe House Management Limited, as a body, in accordance with the terms of our engagement letter dated 24 February 2020. Our work has been undertaken solely to prepare for your approval the accounts of Challacombe House Management Limited and state those matters that we have agreed to state to the Board of Directors of Challacombe House Management 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 Challacombe House Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Challacombe House Management 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 Challacombe House Management Limited. You consider that Challacombe House Management 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 Challacombe House Management 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 & Keeping
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

23 September 2024

 

Challacombe House Management Limited

Profit and Loss Account
for the Year Ended 31 December 2023

2023
  £

2022
  £

Turnover

20,859

21,200

Administrative expenses

(18,551)

(15,335)

Operating deficit

2,308

5,865

Deficit before tax

2,308

5,865

Taxation

-

-

Deficit for the financial year

2,308

5,865

The above results were derived from continuing operations.

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

 

Challacombe House Management Limited

(Registration number: 05352952)
Balance Sheet as at 31 December 2023

Note

2023
 

2022
 

   

£

£

£

£

Current assets

   

 

Debtors

4

 

2,876

 

3,380

Cash at bank and in hand

   

22,436

 

18,867

   

25,312

 

22,247

Creditors: Amounts falling due within one year

5

 

(3,096)

 

(2,339)

Net assets

   

22,216

 

19,908

Capital and reserves

   

 

Residential Flats sinking fund

6,616

 

15,615

 

Commercial properties sinking fund

-

 

4,293

 

Residential & Commercial sinking fund

 

15,600

 

-

 

Profit and loss account

-

 

-

 

   

22,216

 

19,908

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 20 September 2024 and signed on its behalf by:
 

Miss A J Patrick
Director

   
     
 

Challacombe House Management Limited

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

Residential & Commercial sinking fund
£

Residential flats sinking fund
£

Commercial properties sinking fund
£

Profit and loss account
£

Total
£

At 1 January 2023

-

15,615

4,293

-

19,908

Surplus for the year

-

-

-

2,308

2,308

Total comprehensive income

-

-

-

2,308

2,308

Transfers

15,600

(8,999)

(4,293)

(2,308)

-

At 31 December 2023

15,600

6,616

-

-

22,216

Flats sinking fund
£

Commercial properties sinking fund
£

Profit and loss account
£

Total
£

At 1 January 2022

11,754

2,289

-

14,043

Surplus for the year

-

-

5,865

5,865

Total comprehensive income

-

-

5,865

5,865

Transfers

3,861

2,004

(5,865)

-

At 31 December 2022

15,615

4,293

-

19,908

 

Challacombe House Management 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:
49 High West Street
Dorchester
Dorset
DT1 1UT
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.

 

Challacombe House Management Limited

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

3

Staff numbers

Theverage 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 was 5 (2022 - 5).
 

4

Debtors

2023
£

2022
£

Amounts due from lessees

1

1,188

Prepayments

2,875

2,192

2,876

3,380

5

Creditors

2023
£

2022
£

Due within one year

Amounts received in advance from lessees

1,145

1,068

Accruals and other creditors

1,951

1,271

3,096

2,339