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Registration number: 01917450

Benwell Court (Sunbury) Management Company Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Benwell Court (Sunbury) Management Company Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Benwell Court (Sunbury) Management Company Limited

Company Information

Directors

Michael George Eldridge

Marianne Ellen Saich

Nikki Adams

Andrew James Coleman

Registered office

72 Gloucester Road
Hampton
TW12 2UJ

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Benwell Court (Sunbury) Management Company Limited

Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1

1

Current assets

 

Debtors

5

40,193

28,996

Cash at bank and in hand

 

61,869

48,986

 

102,062

77,982

Creditors: Amounts falling due within one year

6

(14,936)

(2,714)

Net current assets

 

87,126

75,268

Net assets

 

87,127

75,269

Capital and reserves

 

Called up share capital

250

250

Share premium reserve

2,250

2,250

Retained earnings

84,627

72,769

Shareholders' funds

 

87,127

75,269

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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 24 September 2024 and signed on its behalf by:
 

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

Nikki Adams

Director

Company registration number: 01917450

 

Benwell Court (Sunbury) 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:
72 Gloucester Road
Hampton
TW12 2UJ

The principal activity of the company is that of managing the amenities at Benwell Court, Downside, Sunbury-on-Thames, Middlesex for the mutual benefit of the members.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company continues to receive service charge income from its members to enable the company to continue to meet its financial obligations as they fall due.

Having made enquiries the directors have a reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the directors continue to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover represents amounts receivable for service charges receivable in the ordinary course of the company's activities.

The company recognises turnover from service charges based upon the amounts demanded from leaseholders in respect of the year.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

 

Benwell Court (Sunbury) Management Company Limited

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

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:

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.

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 during the year, was 0 (2022 - 0).

 

Benwell Court (Sunbury) Management Company Limited

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

4

Tangible assets

Freehold Land
£

Total
£

Cost or valuation

At 1 January 2023

1

1

At 31 December 2023

1

1

Carrying amount

At 31 December 2023

1

1

At 31 December 2022

1

1

5

Debtors

2023
£

2022
£

Trade debtors

28,289

19,166

Other debtors

11,904

9,830

40,193

28,996

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

13,483

1,032

Accruals and deferred income

1,440

1,380

Other creditors

13

302

14,936

2,714