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Registration number: 01160556

Manor Court Flats (Knutsford) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Manor Court Flats (Knutsford) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Manor Court Flats (Knutsford) Limited

(Registration number: 01160556)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,942

4,942

Current assets

 

Debtors

5

-

1,648

Cash at bank and in hand

 

-

9,034

 

-

10,682

Creditors: Amounts falling due within one year

6

(4,934)

(2,407)

Net current (liabilities)/assets

 

(4,934)

8,275

Net assets

 

8

13,217

Capital and reserves

 

Called up share capital

8

8

Other reserves

-

13,209

Shareholders' funds

 

8

13,217

For the financial year ending 31 March 2024 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

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

.........................................
Mr D Sadler
Director

 

Manor Court Flats (Knutsford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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:
Riverside House Brymau Three Trading Estate
River Lane
Chester
Flintshire
CH4 8RQ
Wales

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.

This company is responsible for the management of Manor Court Flats (Knutsford) and
collects service charges from the lessees in order to fund expenditure incurred in the management of the
properties.

Revenue recognition

Turnover comprises of the service charges raised to the lessees to fund expenditure
incurred in the management of the properties during the year.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

There is no depreciation charge for the property as it is an appreciating asset.

 

Manor Court Flats (Knutsford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 9).

 

Manor Court Flats (Knutsford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2023

4,942

4,942

At 31 March 2024

4,942

4,942

Depreciation

Carrying amount

At 31 March 2024

4,942

4,942

At 31 March 2023

4,942

4,942

5

Debtors

2024
£

2023
£

Trade debtors

-

17

Prepayments

-

1,631

-

1,648

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

1,897

Amounts owed to group undertakings and undertakings in which the company has a participating interest

4,934

-

Other creditors

 

-

510

 

4,934

2,407

Related Party

Included within creditors is a value of £4,934 in respect of the intercompany balance which reflects the transfer of reserves from the Limited Company to the Trust upon closure of the Limited Company bank account.