Marshall's Yard Management Company Limited 09912538 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of the maintenance and upkeep of the common areas of Marshall's Yard for the benefit of the members. Digita Accounts Production Advanced 6.30.9574.0 true 09912538 2023-01-01 2023-12-31 09912538 2023-12-31 09912538 core:CurrentFinancialInstruments 2023-12-31 09912538 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09912538 core:FurnitureFittingsToolsEquipment 2023-12-31 09912538 bus:SmallEntities 2023-01-01 2023-12-31 09912538 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09912538 bus:FullAccounts 2023-01-01 2023-12-31 09912538 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09912538 bus:RegisteredOffice 2023-01-01 2023-12-31 09912538 bus:Director2 2023-01-01 2023-12-31 09912538 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 09912538 core:FurnitureFittings 2023-01-01 2023-12-31 09912538 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 09912538 countries:England 2023-01-01 2023-12-31 09912538 2022-12-31 09912538 core:FurnitureFittingsToolsEquipment 2022-12-31 09912538 2022-01-01 2022-12-31 09912538 2022-12-31 09912538 core:CurrentFinancialInstruments 2022-12-31 09912538 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 09912538 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 09912538

Marshall's Yard Management Company Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Marshall's Yard Management Company Limited

(Registration number: 09912538)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

395

Current assets

 

Debtors

5

4,811

3,869

Creditors: Amounts falling due within one year

6

(365)

(400)

Net current assets

 

4,446

3,469

Net assets

 

4,446

3,864

Members funds and reserves

 

Retained surplus of income over expenditure

4,446

3,864

Total of members funds

 

4,446

3,864

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.

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 for issue on 23 September 2024 and signed on its behalf by:
 

.........................................

J C Burgess

Director

 

Marshall's Yard Management Company Limited

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

1

General information

The company is a company limited by guarantee, incorporated in England, 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:
22 St Georges Street
Stamford
Lincolnshire
PE9 2BU

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

Income comprises the management and service fees charged to the members for the upkeep and maintenance of the shared common areas of Marshall's Yard.

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

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

3 years straight line

 

Marshall's Yard Management Company Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

1,187

1,187

At 31 December 2023

1,187

1,187

Depreciation

At 1 January 2023

792

792

Charge for the year

395

395

At 31 December 2023

1,187

1,187

Carrying amount

At 31 December 2023

-

-

At 31 December 2022

395

395

 

Marshall's Yard Management Company Limited

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

5

Debtors

Current

2023
£

2022
£

Prepayments

581

342

Other debtors

4,230

3,527

4,811

3,869

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Other creditors

 

365

400