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REGISTERED NUMBER: 01870515 (England and Wales)














CHESTNUT COURT
MANAGEMENT COMPANY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






CHESTNUT COURT
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01870515)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHESTNUT COURT
MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: D.I. Reese
S.G. Routledge



SECRETARY: Maison Residential Limited



REGISTERED OFFICE: 137, Station Road,
Chingford,
London
E4 6AG



REGISTERED NUMBER: 01870515 (England and Wales)



ACCOUNTANTS: Cobbin Floyd Ltd
t/a Findlay Wetherfield Scott & Co.,
Chartered Accountants
137, Station Road,
Chingford,
London
E4 6AG



BANKERS: Cater Allen Private Bank
9 Nelson Street
Bradford
West Yorkshire
BD1 5AN



MANAGING AGENTS: Maison Residential Limited
22 Courtland Avenue,
North Chingford,
London,
E4 6DU

CHESTNUT COURT
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01870515)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -

CURRENT ASSETS
Debtors 5 12,053 11,886
Cash at bank 9,783 9,873
21,836 21,759
CREDITORS
Amounts falling due within one year 6 4,395 4,317
NET CURRENT ASSETS 17,441 17,442
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,441

17,442

CAPITAL AND RESERVES
Called up share capital 16 16
Retained earnings 17,425 17,426
SHAREHOLDERS' FUNDS 17,441 17,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 profit or loss 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 8th August 2024 and were signed on its behalf by:





D.I. Reese - Director


CHESTNUT COURT
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01870515)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Chestnut Court 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.

Income
The company exists as the formal owner of freehold ground on which leasehold flats are erected, and to maintain the property's communal parts and fabric. The company is non-profit making, and derives its income from charges made to the occupying leaseholders.


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS

The company's only tangible fixed asset is the freehold land on which the flats are erected, and is stated at cost.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Owed by lessees for
service charges levied 12,053 10,828
Prepayments - 1,058
12,053 11,886

CHESTNUT COURT
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01870515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Excess received from lessees
for service charges levied 2,440 753
Held by company
in Trust for lessees 767 2,546
Accrued expenses 1,188 1,018
4,395 4,317

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Each director is also a shareholder and lessee of the property. Service and other charges were levied under the terms of the leases and the charges whilst a director and the balances due to or from each director as at the balance sheet date if a director at that date, are as shown below.
20242023
££

S.G. RoutledgeServices and other charges1,3212,856
Balance due to (from) the director3030

D.I. ReeseServices and other charges2,6422,468
Balance due to (from) the director891

Service charges and supplementary service charges shown above only relate to the period each individual was a director. None of these transactions are with the company directly but they are with the company acting as agent on behalf of the lessees.

8. RELATED PARTY DISCLOSURES

There is no overall controlling party. Each lessee owns 1 ordinary issued share in the company.