Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false32023-01-01Flat Management Company3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02639382 2023-01-01 2023-12-31 02639382 2022-01-01 2022-12-31 02639382 2023-12-31 02639382 2022-12-31 02639382 c:CompanySecretary1 2023-01-01 2023-12-31 02639382 c:Director1 2023-01-01 2023-12-31 02639382 c:Director3 2023-01-01 2023-12-31 02639382 c:Director4 2023-01-01 2023-12-31 02639382 c:RegisteredOffice 2023-01-01 2023-12-31 02639382 d:Buildings 2023-01-01 2023-12-31 02639382 d:Buildings 2023-12-31 02639382 d:Buildings 2022-12-31 02639382 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02639382 d:FurnitureFittings 2023-01-01 2023-12-31 02639382 d:FurnitureFittings 2023-12-31 02639382 d:FurnitureFittings 2022-12-31 02639382 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02639382 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02639382 d:CurrentFinancialInstruments 2023-12-31 02639382 d:CurrentFinancialInstruments 2022-12-31 02639382 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02639382 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02639382 d:ShareCapital 2023-12-31 02639382 d:ShareCapital 2022-12-31 02639382 d:RetainedEarningsAccumulatedLosses 2023-12-31 02639382 d:RetainedEarningsAccumulatedLosses 2022-12-31 02639382 c:OrdinaryShareClass1 2023-01-01 2023-12-31 02639382 c:OrdinaryShareClass1 2023-12-31 02639382 c:OrdinaryShareClass1 2022-12-31 02639382 c:FRS102 2023-01-01 2023-12-31 02639382 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02639382 c:FullAccounts 2023-01-01 2023-12-31 02639382 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02639382 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02639382










OLD BAKERY COURT MANAGEMENT COMPANY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
OLD BAKERY COURT MANAGEMENT COMPANY LIMITED
 
 
COMPANY INFORMATION


Directors
Susan Ann Kemp 
Richard Biggs 
Neil Hunter 




Company secretary
LRPM Ltd



Registered number
02639382



Registered office
LRPM Ltd
8 Hamilton Road

Cromer

Norfolk

NR27 9HL




Accountants
MA Partners LLP
Chartered Accountants

12 Church Street

Cromer

Norfolk

NR27 9ER





 
OLD BAKERY COURT MANAGEMENT COMPANY LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 6


 
OLD BAKERY COURT MANAGEMENT COMPANY LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OLD BAKERY COURT 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 financial statements of Old Bakery Court Management Company Limited for the year ended 31 December 2023 which comprise the Balance Sheet and the related notes 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 https://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Old Bakery Court 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 financial statements of Old Bakery Court Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Old Bakery Court Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Old Bakery Court 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 Old Bakery Court Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Old Bakery Court Management Company Limited. You consider that Old Bakery Court Management Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Old Bakery Court 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 financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
12 Church Street
Cromer
Norfolk
NR27 9ER
24 September 2024
Page 1

 
OLD BAKERY COURT MANAGEMENT COMPANY LIMITED
REGISTERED NUMBER: 02639382

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
250
270

  
250
270

Current assets
  

Debtors: amounts falling due within one year
 5 
7,136
4,713

  
7,136
4,713

Creditors: amounts falling due within one year
 6 
(1,728)
(600)

Net current assets
  
 
 
5,408
 
 
4,113

Total assets less current liabilities
  
5,658
4,383

  

Net assets
  
5,658
4,383


Capital and reserves
  

Share capital
  
16
16

Profit and loss account
  
5,642
4,367

  
5,658
4,383


Page 2

 
OLD BAKERY COURT MANAGEMENT COMPANY LIMITED
REGISTERED NUMBER: 02639382
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 September 2024.




................................................
Neil Hunter
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
OLD BAKERY COURT MANAGEMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Company is a United Kingdom company limited by shares.  It is both incorporated and domiciled in England and Wales.  The address of its registered office is 8 Hamilton Road, Cromer, Norfolk, NR27 9HL.
The company's principal activity is that of a flat management company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue is comprised of the receipts from service charges and ground rent.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Freehold Property is not depreciated
Fixtures and fittings
-
15%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
OLD BAKERY COURT MANAGEMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
3
3


4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2023
140
350
490



At 31 December 2023

140
350
490



Depreciation


At 1 January 2023
-
220
220


Charge for the year on owned assets
-
20
20



At 31 December 2023

-
240
240



Net book value



At 31 December 2023
140
110
250

Page 5

 
OLD BAKERY COURT MANAGEMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
6,687
4,392

Prepayments and accrued income
449
321

7,136
4,713



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
1,080
-

Accruals and deferred income
648
600

1,728
600



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



16 (2022 - 16) Ordinary shares of £1.00 each
16
16

 
Page 6