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Registration number: 03448700

Moreton Place (Chertsey) Management Company Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 December 2023

 

Moreton Place (Chertsey) Management Company Limited

(Registration number: 03448700)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

-

1,571

Cash at bank and in hand

 

-

4,722

 

-

6,293

Creditors: Amounts falling due within one year

5

-

(2,501)

Net assets

 

-

3,792

Reserves

 

Income and expenditure account

-

3,792

Surplus

 

-

3,792

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.

Director's 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 director acknowledges her 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 18 September 2024
 

.........................................
Ms E Camis
Director

 

Moreton Place (Chertsey) Management Company Limited

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

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £25 towards the assets of the company in the event of liquidation.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Changes in accounting policy

New standards, interpretations and amendments effective

The following have been applied for the first time from 1 January 2023 and have had an effect on the financial statements:

The company acts as trustee of a statutory trust in respect of service charge monies collected for the maintenance of the communal areas at 1-4 and 40-45 Twynersh Avenue, Chertsey.

The company has changed its accounting policy to exclude these funds from the company's accounts as separate service charge accounts are prepared and certified.

Revenue recognition

Turnover represents the amount derived from maintenance and other contributions receivable.

Tangible assets

The company is the beneficial owner of the freehold land relating to 1-4 and 40-45 Twynersh Avenue, Chertsey. No valuation is included in these accounts as no consideration was paid.

Maintenance debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

 

Moreton Place (Chertsey) Management Company Limited

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

Other creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company during the year was 0 (2022 - 0).

Due to the nature of the company's activities there were no employees in the current or previous year.

4

Debtors

2023
£

2022
£

Maintenance debtors

-

1,422

Prepayments

-

149

-

1,571

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Accruals and deferred income

-

2,501