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Registration number: 05846011

Cranford Hills Property Management Company Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

image-name
 

Cranford Hills Property Management Company Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 5

 

Cranford Hills Property Management Company Limited

Company Information

Directors

Mr J Challis

Mr C W Snape

Company secretary

Mr S I Jarrett

Registered office

Hillsdon House
High Street
Sidmouth
Devon
EX10 8LD

Accountants

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Cranford Hills Property Management Company Limited
for 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 Cranford Hills Property Management Company Limited for the year ended 31 December 2023 as set out on pages 3 to 5 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 Cranford Hills Property Management Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Cranford Hills Property Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Cranford Hills Property Management Company 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 Cranford Hills Property Management Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cranford Hills Property Management Company 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 results of Cranford Hills Property Management Company Limited. You consider that Cranford Hills Property Management Company 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 Cranford Hills Property Management Company 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.

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

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

27 August 2024

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Cranford Hills Property Management Company Limited

(Registration number: 05846011)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

12

12

Capital and reserves

 

Called up share capital

12

12

Shareholders' funds

 

12

12

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 27 August 2024 and signed on its behalf by:
 

.........................................
Mr J Challis
Director

 

Cranford Hills Property Management Company Limited

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

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:
Hillsdon House
High Street
Sidmouth
Devon
EX10 8LD

The principal place of business is:
1-12 Highgrove House,
Cranford Avenue
Exmouth
Devon
EX8 2NY

These financial statements were authorised for issue by the Board on 27 August 2024.

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.

Bank, Cash and Other Assets

A statutory trust is placed over service charge monies received under section 42 of the Landlord and Tenant Act 1987 and the Residential Management Company acts as a trustee in this capacity.

The closing balance of cash and other assets held on trust by the Residential Management Company are £16,709:
£4,471 Harrison Lavers & Potburys Ltd Re Cranford Hills Property Management Company Limited Client Account HSBC Account 71553267 (non interest bearing)
£12,238 Harrison Lavers & Potburys Ltd Re Cranford Hills Property Management Company Limited Client Account HSBC Money Manager Account 71562649 (interest bearing)
 

Going concern

The financial statements have been prepared on a going concern basis.

 

Cranford Hills Property Management Company Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).