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REGISTERED NUMBER: 01096342 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BRAXFIELD(ST.ANNES)MANAGEMENT
COMPANY LIMITED

BRAXFIELD(ST.ANNES)MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01096342)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 3

Notes to the Financial Statements 4


BRAXFIELD(ST.ANNES)MANAGEMENT
COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTORS: J Fielding
J A S Rowlands
J Mayers
D Riley
R Aldcroft
P Maynard
J P Sheridan
W W Owen
V Howarth
J Hardy
D Wild
M E Edge
V A Harrison
S M Haynes
A M Gray
P N Stockdale
D C Hudson
B Roche
J D Owen
H Rakhda
J H Jackson
C Southern
P A Terry
C Johnston
C J Forshaw
J H Taylor
P R Varma





SECRETARY: Realty Management Ltd





REGISTERED OFFICE: Discovery House
Crossley Road
Stockport
Greater Manchester
SK4 5BH





REGISTERED NUMBER: 01096342 (England and Wales)





BRAXFIELD(ST.ANNES)MANAGEMENT
COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023








AUDITORS: Whitehead & Howarth
Statutory Auditors
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

BRAXFIELD(ST.ANNES)MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01096342)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,988 6,524

CURRENT ASSETS
Debtors 5 165 18,891
Cash at bank and in hand 1,449 58,773
1,614 77,664
CREDITORS
Amounts falling due within one year 6 4,444 14,778
NET CURRENT (LIABILITIES)/ASSETS (2,830 ) 62,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,158

69,410

CAPITAL AND RESERVES
Called up share capital 27 27
Retained earnings 7 3,131 69,383
SHAREHOLDERS' FUNDS 3,158 69,410

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





P Maynard - Director


BRAXFIELD(ST.ANNES)MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01096342)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Braxfield(St.annes)management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents invoiced maintenance contributions receivable. Revenue is recognised when a right to consideration exists.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 25 years
Plant and machinery etc - 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 7,182 10,378 17,560
DEPRECIATION
At 1 January 2023 6,317 4,719 11,036
Charge for year 287 249 536
At 31 December 2023 6,604 4,968 11,572
NET BOOK VALUE
At 31 December 2023 578 5,410 5,988
At 31 December 2022 865 5,659 6,524

BRAXFIELD(ST.ANNES)MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01096342)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Ground Rent Receivable - 238
Maintenance Contributions
Receivable - 1,585
Other debtors - 1,680
Prepayments 165 15,388
165 18,891

Prepayments Breakdown
31/12/2331/12/22
£ £
Insurance-14,212
Council Tax-422
Water Rates-351
Electricity - 103
Lift maintenance - 300
Ground rent 165 -
165 15,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Maintenance Contributions
Received in Advance - 12,598
Braxfield Court 3,051 -
Accruals and deferred income 1,393 2,180
4,444 14,778

Accruals Breakdown
31/12/2331/12/22
£ £
Auditors Remuneration1,2601,560
Ground Rent 60 445
Confirmation statement7313
Accountancy - 162
1,393 2,180


7. RESERVES
Retained
earnings
£   

At 1 January 2023 69,383
Deficit for the year (66,252 )
At 31 December 2023 3,131

BRAXFIELD(ST.ANNES)MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01096342)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Candice Higgins (Senior Statutory Auditor)
for and on behalf of Whitehead & Howarth

9. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £3,051 which is due to the service charge accounts of Braxfield Court.

10. ULTIMATE CONTROLLING PARTY

The Company is controlled by the Directors.