Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31management and maintenance of the property Stortfird field estatefalse82023-01-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.8true 11120135 2023-01-01 2023-12-31 11120135 2022-01-01 2022-12-31 11120135 2023-12-31 11120135 2022-12-31 11120135 c:Director7 2023-01-01 2023-12-31 11120135 d:CurrentFinancialInstruments 2023-12-31 11120135 d:CurrentFinancialInstruments 2022-12-31 11120135 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11120135 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11120135 c:FRS102 2023-01-01 2023-12-31 11120135 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11120135 c:FullAccounts 2023-01-01 2023-12-31 11120135 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 11120135






STORTFORD FIELDS ESTATE MANAGEMENT COMPANY LIMITED
(A Company Limited by Guarantee)
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










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STORTFORD FIELDS ESTATE MANAGEMENT COMPANY LIMITED
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:11120135

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
22,587
95,524

Cash at bank and in hand
 5 
24,764
24,764

  
47,351
120,288

Creditors: amounts falling due within one year
 6 
(47,351)
(120,288)

Net current assets
  
 
 
-
 
 
-

Total assets less current liabilities
  
-
-

  

Net assets
  
-
-


Capital and reserves
  

  
-
-


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 income and retained earnings 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 by: 




A Holloway
Director

Date: 18 September 2024

Page 1

 
STORTFORD FIELDS ESTATE MANAGEMENT COMPANY LIMITED
 
(A Company Limited by Guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Stortford Fields Estate Management Company Limited is a private company limited by guarantee registered in England and Wales. Its registered office address is Gateway House, 10 Coopers Way, Temple Farm Industrial Estate, Southend on Sea, Essex SS2 5TE.
The principal activity of the company continued to be that of the management and maintenance of the property of the Stortford Fields Estate and to obtain reimbursement of the costs of such maintenance from tenants. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

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.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash
Page 2

 
STORTFORD FIELDS ESTATE MANAGEMENT COMPANY LIMITED
 
(A Company Limited by Guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 -8).


4.


Debtors

2023
2022
£
£


Other debtors
22,587
87,216

Prepayments and accrued income
-
8,308

22,587
95,524


Page 3

 
STORTFORD FIELDS ESTATE MANAGEMENT COMPANY LIMITED
 
(A Company Limited by Guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
24,764
24,764

24,764
24,764



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
61,149

Other creditors
41,635
54,090

Accruals and deferred income
5,716
5,049

47,351
120,288




7.


Company status

The company is a private company limited by guarantee 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.

 
Page 4