Registered number
01915013
Pitt House Management Company Limited
Unaudited Filleted Accounts
31 December 2023
Pitt House Management Company Limited
Registered number: 01915013
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 17,916 17,916
Current assets
Debtors 4 1,796 882
Cash at bank and in hand 17,671 16,287
19,467 17,169
Creditors: amounts falling due within one year 5 (625) (625)
Net current assets 18,842 16,544
Net assets 36,758 34,460
Capital and reserves
Other reserves 18,006 18,006
Profit and loss account 18,752 16,454
Shareholders' funds 36,758 34,460
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S J Naylor
Approved by the board on 25 September 2024
Pitt House Management Company Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value of the service charge contributions receivable during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
The directors believe that the value of the freehold property is in excess of its cost and have not provided for any depreciation.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 17,916
At 31 December 2023 17,916
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 17,916
At 31 December 2022 17,916
The company acquired the freehold of Pitt House, Chudleigh, Devon in June 2011 for a total of £23,916. A lease for part of the property was granted on 16 June 2011, for the sum of £6,000, at a rent of one peppercorn per year if demanded.
4 Debtors 2023 2022
£ £
Residents contributions 94 882
Prepayments 1,702 -
1,796 882
5 Creditors: amounts falling due within one year 2023 2022
£ £
Sundry creditors and accruals 625 625
6 Other reserves 2023 2022
£ £
Balance brought forward 18,006 18,006
7 Other information
Pitt House Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Mill
Kingsteignton Road
Newton Abbot
Devon
TQ12 2QA
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