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Registration number: 04573816

Hemley House Management Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Hemley House Management Limited

Contents

Company Information

1

Directors' Report

2

Service Charge - Income and Expenditure

3

Service Charge - Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 7

 

Hemley House Management Limited

Company Information

Directors

Mr Jonathan Dawe

Mr Robert John Cracknell

Mrs Alison Margaret Miller

Mr Gary Miller

Mrs Loretta Adela Baca

Mr Martin Lewis Dawe

Mrs Agnes Fee

Company secretary

Mrs Alison Margaret Miller

Registered office

49 Wadgate Road
Felixstowe
Suffolk
IP11 2LU

Accountants

Brian Nuttgens Accountants Ltd
Chartered Certified Accountants
1007 London Road
Leigh-On-Sea
Essex
SS9 3JY

 

Hemley House Management Limited

Directors' Report for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr Jonathan Dawe

Mr Robert John Cracknell

Mrs Alison Margaret Miller - Company secretary and director

Mr Gary Miller

Mr James Fee (ceased 23 September 2024)

Mrs Loretta Adela Baca

Mr Martin Lewis Dawe

Mrs Agnes Fee

Principal activity

The principal activity of the company is Residents Property Management

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 26 September 2024 and signed on its behalf by:
 

.........................................
Mrs Alison Margaret Miller
Company secretary and director

 

Hemley House Management Limited

Service Charge - Income and Expenditure for the Year Ended 31 December 2023

Note

2023
£

2022
£

Turnover

 

2,129

6,700

Gross profit

 

2,129

6,700

Administrative expenses

 

(1,619)

(5,506)

Operating profit

 

510

1,194

Profit before tax

510

1,194

Profit for the financial year

 

510

1,194

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Hemley House Management Limited

(Registration number: 04573816)
Service Charge Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

8,456

6,110

Cash at bank and in hand

 

23

599

 

8,479

6,709

Creditors: Amounts falling due within one year

5

(6,770)

(5,510)

Net assets

 

1,709

1,199

Capital and reserves

 

Called up share capital

6

5

5

Retained earnings

1,704

1,194

Shareholders' funds

 

1,709

1,199

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 26 September 2024 and signed on its behalf by:
 

.........................................
Mrs Alison Margaret Miller
Company secretary and director

 

Hemley House Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
49 Wadgate Road
Felixstowe
Suffolk
IP11 2LU

These financial statements were authorised for issue by the Board on 26 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

No liability to UK corporation tax arose on ordinary activities for the year. The company is exempt from Corporation Tax as HMRC have confirmed that in its view, so long as the Trust terms are observed the receipt of service charge payments subject to section 42 Trusts will not give rise to any tax liability in the hands of the payee.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Hemley House Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 7).

4

Debtors

Current

2023
£

2022
£

Trade debtors

6

-

Prepayments

3,740

1,400

Other debtors

4,710

4,710

 

8,456

6,110

 

Hemley House Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

6,770

5,510

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

5

5

5

5