Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03142112 FDC Ltd Mr Antonios Kasimatis Mr Andrew Gentle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03142112 2022-12-31 03142112 2023-12-31 03142112 2023-01-01 2023-12-31 03142112 frs-core:RevaluationReserve 2022-12-31 03142112 frs-core:RevaluationReserve 2023-12-31 03142112 frs-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 03142112 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 03142112 frs-bus:SmallEntities 2023-01-01 2023-12-31 03142112 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03142112 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03142112 frs-bus:Director1 2023-01-01 2023-12-31 03142112 frs-bus:Director2 2023-01-01 2023-12-31 03142112 frs-bus:Director3 2023-01-01 2023-12-31 03142112 frs-countries:EnglandWales 2023-01-01 2023-12-31 03142112 2021-12-31 03142112 2022-12-31 03142112 2022-01-01 2022-12-31 03142112 frs-core:RevaluationReserve 2022-12-31
Registered number: 03142112
Swallowfields Management Company Limited
ABRIDGED Financial Statements
For The Year Ended 31 December 2023
GMBC LLP
Chartered Tax Advisers and Accountants
Marine House
151 Western Road
Haywards Heath
West Sussex
RH16 3LH
Contents
Page
Abridged Balance Sheet 1
Notes to the Abridged Financial Statements 2
Page 1
Abridged Balance Sheet
Registered number: 03142112
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 3,784 5,703
3,784 5,703
Creditors: Amounts Falling Due Within One Year (3,780 ) (5,699 )
NET CURRENT ASSETS (LIABILITIES) 4 4
TOTAL ASSETS LESS CURRENT LIABILITIES 4 4
NET ASSETS 4 4
RESERVES
Revaluation reserve 4 4 4
MEMBERS' FUNDS 4 4
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
All of the company's members have consented to the preparation of an Abridged Income and Expenditure Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Andrew Gentle
Director
16 September 2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Abridged Financial Statements
1. General Information
Swallowfields Management Company Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 03142112 . The registered office is Marine House, 151 Western Road, Haywards Heath, RH16 3LH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Reserves
Revaluation Reserve
£
As at 1 January 2023 4
As at 31 December 2023 4
5. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 2