IRIS Accounts Production v24.2.0.383 04095121 Board of Directors 1.1.23 31.12.23 31.12.23 the management of the property known as Abbey Springs, Darlington. 0 0 false true false false true false 0 0 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040951212022-12-31040951212023-12-31040951212023-01-012023-12-31040951212021-12-31040951212022-01-012022-12-31040951212022-12-3104095121ns15:EnglandWales2023-01-012023-12-3104095121ns14:PoundSterling2023-01-012023-12-3104095121ns10:Director12023-01-012023-12-3104095121ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104095121ns10:SmallEntities2023-01-012023-12-3104095121ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3104095121ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104095121ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104095121ns10:FullAccounts2023-01-012023-12-3104095121ns10:OrdinaryShareClass12023-01-012023-12-3104095121ns10:Director32023-01-012023-12-3104095121ns10:CompanySecretary12023-01-012023-12-3104095121ns10:RegisteredOffice2023-01-012023-12-3104095121ns10:Director22023-01-012023-12-3104095121ns5:CurrentFinancialInstruments2023-12-3104095121ns5:CurrentFinancialInstruments2022-12-3104095121ns5:Non-currentFinancialInstruments2023-12-3104095121ns5:Non-currentFinancialInstruments2022-12-3104095121ns5:ShareCapital2023-12-3104095121ns5:ShareCapital2022-12-3104095121ns5:LandBuildings2022-12-3104095121ns5:LandBuildings2023-12-3104095121ns5:LandBuildings2022-12-3104095121ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104095121ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104095121ns10:OrdinaryShareClass12023-12-3104095121ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3104095121ns5:RetainedEarningsAccumulatedLosses2023-12-31
REGISTERED NUMBER: 04095121 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

THE ABBEY SPRINGS MANAGEMENT COMPANY LTD

THE ABBEY SPRINGS MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 04095121)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


THE ABBEY SPRINGS MANAGEMENT COMPANY LTD

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTORS: M J D Cave
S C Draycott





SECRETARY: P W Bigge





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 04095121 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
6/8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

THE ABBEY SPRINGS MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 04095121)

REPORT OF THE DIRECTORS
for the Year Ended 31st December 2023

The directors present their report with the financial statements of the company for the year ended 31st December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2023 to the date of this report.

M J D Cave
S C Draycott

Other changes in directors holding office are as follows:

C S Hoyland - resigned 13th March 2023

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

ON BEHALF OF THE BOARD:





M J D Cave - Director


23rd September 2024

THE ABBEY SPRINGS MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 04095121)

INCOME STATEMENT
for the Year Ended 31st December 2023

31/12/23 31/12/22
Notes £    £   

INCOME 17,533 17,869

Service charge expenditure 16,604 22,421
OPERATING PROFIT/(LOSS) 929 (4,552 )

Interest receivable and similar income 440 23
PROFIT/(LOSS) BEFORE TAXATION 1,369 (4,529 )

Tax on profit/(loss) 4 - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

1,369

(4,529

)

THE ABBEY SPRINGS MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 04095121)

BALANCE SHEET
31st December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 21,262 21,262

CURRENT ASSETS
Debtors 6 53,947 71,261

CREDITORS
Amounts falling due within one year 7 53,924 71,238
NET CURRENT ASSETS 23 23
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,285

21,285

CREDITORS
Amounts falling due after more than one year 8 21,262 21,262
NET ASSETS 23 23

CAPITAL AND RESERVES
Called up share capital 9 23 23
SHAREHOLDERS' FUNDS 23 23

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE ABBEY SPRINGS MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 04095121)

BALANCE SHEET - continued
31st December 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd September 2024 and were signed on its behalf by:





M J D Cave - Director


THE ABBEY SPRINGS MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 04095121)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

The Abbey Springs Management Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
During the year the company received monies from lessees, as agent, in respect of service charges and associated income, which is held on trust and does not constitute turnover.

Tangible fixed assets
Freehold property is included in these financial statements at directors' valuation which reflects any diminution in value due to the granting of leases. For this reason the directors consider that it is inappropriate to charge depreciation on the remaining value of the freehold property. Furthermore, the directors consider that the residual value of the freehold property in 50 years time would be no less than its current value.

Long term creditors
In December 2005 the lessees made one-off contributions totalling £21,262 to acquire the freehold interest in the property referred to in the directors' report. This was achieved by the lessees contributing £1,251 each. This amount will only be returned to lessees in the event of a disposal by the company of the freehold interest in the property at a later date.

Presentation of the income statement
The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company accounts in order to provide more information to lessees and other parties who may be interested in the expenditure incurred in the management of the property.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

31/12/23 31/12/22
£    £   
Directors' remuneration - -

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31st December 2023 nor for the year ended 31st December 2022.

THE ABBEY SPRINGS MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 04095121)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st January 2023
and 31st December 2023 21,262
NET BOOK VALUE
At 31st December 2023 21,262
At 31st December 2022 21,262

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 113 14,353
Other debtors 53,834 56,908
53,947 71,261

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 1,465 20,411
Other creditors 52,459 50,827
53,924 71,238

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Other creditors 21,262 21,262

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
23 Ordinary £1 23 23

THE ABBEY SPRINGS MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 04095121)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

10. RESERVES
Retained
earnings
£   

Profit for the year 1,369
Transfer to Service Charge Account (1,369 )
At 31st December 2023 -