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REGISTERED NUMBER: 01502190 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BADGERS RAKE MANAGEMENT COMPANY
(AMBLESIDE) LIMITED

BADGERS RAKE MANAGEMENT COMPANY
(AMBLESIDE) LIMITED (REGISTERED NUMBER: 01502190)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

BADGERS RAKE MANAGEMENT COMPANY
(AMBLESIDE) LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTORS: Ms K L Baranciukas
Ms G F Kenny
G Mole
N E Mowbray
Ms G Smith
Ms S M Womersley





SECRETARY: Ms G F Kenny





REGISTERED OFFICE: The Old Police Station
Church Street
Ambleside
Cumbria
LA22 0BT





BUSINESS ADDRESS: Badgers Rake
Ambleside
Cumbria
LA22 0AL





REGISTERED NUMBER: 01502190 (England and Wales)





ACCOUNTANTS: Dataday Accountability
Accountants & Business Consultants
2 Seabraes Lane
Dundee
Angus
DD1 4AB

BADGERS RAKE MANAGEMENT COMPANY
(AMBLESIDE) LIMITED (REGISTERED NUMBER: 01502190)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Debtors 5 1,194 1,194
Cash at bank 2,635 6,038
3,829 7,232
CREDITORS
Amounts falling due within one year 6 (501 ) (481 )
NET CURRENT ASSETS 3,328 6,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,329

6,752

RESERVES
Income and expenditure account 7 3,329 6,752
3,329 6,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 24 September 2024 and were signed on its behalf by:




Ms G F Kenny - Director


BADGERS RAKE MANAGEMENT COMPANY
(AMBLESIDE) LIMITED (REGISTERED NUMBER: 01502190)

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


1. STATUTORY INFORMATION

Badgers Rake Management Company (Ambleside) Limited is a private company, limited by guarantee , 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.

The company holds the bank account balance in trust for the members of the company, who are the leaseholders of the flats . The profit and loss account represents the income contributed by the members which covers the cost those items expended on behalf of the members.

Revenue recognition
Turnover represents service charges and contributions receivable from the residential lessees.

Financial instruments
The company only holds basic financial instruments as defined by FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows.

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank - is classified as a basic financial instrument and is measured at face value.

Financial liabilities- trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included the financial instruments disclosure definition.
Deferred income is not deemed to be a financial liability , as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BADGERS RAKE MANAGEMENT COMPANY
(AMBLESIDE) LIMITED (REGISTERED NUMBER: 01502190)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.. Any tangible assets carried at revalued amounts are recorded at the fair value less any subsequent accumulated depreciation and subsequent impairment losses.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Other debtors 1,194 1,194

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Other creditors 501 481

7. RESERVES
Income
and
expenditure
account
£   

At 1 January 2023 6,752
Deficit for the year (3,423 )
At 31 December 2023 3,329

8. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.

BADGERS RAKE MANAGEMENT COMPANY
(AMBLESIDE) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
BADGERS RAKE MANAGEMENT COMPANY
(AMBLESIDE) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Dataday Accountability
Accountants & Business Consultants
2 Seabraes Lane
Dundee
Angus
DD1 4AB


24 September 2024