Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 true 1 July 2023 30 June 2024 30 June 2024 10209014 Mr D T Edwards Mr D T Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10209014 2023-06-30 10209014 2024-06-30 10209014 2023-07-01 2024-06-30 10209014 frs-core:CurrentFinancialInstruments 2024-06-30 10209014 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10209014 frs-bus:CompanyLimitedByGuarantee 2023-07-01 2024-06-30 10209014 frs-bus:FullAccounts 2023-07-01 2024-06-30 10209014 frs-bus:SmallEntities 2023-07-01 2024-06-30 10209014 frs-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10209014 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10209014 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-07-01 2024-06-30 10209014 frs-bus:Director1 2023-07-01 2024-06-30 10209014 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 10209014 frs-core:CurrentFinancialInstruments 1 2024-06-30 10209014 frs-countries:EnglandWales 2023-07-01 2024-06-30 10209014 2022-06-30 10209014 2023-06-30 10209014 2022-07-01 2023-06-30 10209014 frs-core:CurrentFinancialInstruments 2023-06-30 10209014 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 10209014 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 10209014
Ladywell Meadows Management Company Limited
Director's Report and
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Company Information 1
Director's Report 2
Accountant's Report 3
Income and Expenditure Account 4
Balance Sheet 5
Notes to the Financial Statements 6
Page 1
Company Information
Director Mr D T Edwards
Secretary Mr D T Edwards
Company Number 10209014
Registered Office 53 Bampton Street
Tiverton
Devon
EX16 6AL
Accountants SMV Associates Ltd
4 Cedar Court
Tiverton Business Park
Tiverton
Devon
EX16 6GT
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 30 June 2024.
Principal Activity
The company's principal activity continues to be the management of the open space in the Ladywell Meadows residential area in Chulmleigh, Devon.
Directors
The director who held office during the year were as follows:
Mr D T Edwards
Small Company Rules
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.
On behalf of the board
Mr D T Edwards
Director
3 October 2024
Page 2
Page 3
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Ladywell Meadows Management Company Limited for the year ended 30 June 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Ladywell Meadows Management Company Limited which comprise the Income and Expenditure Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Ladywell Meadows Management Company Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ladywell Meadows Management Company Limited and state those matters that we have agreed to state to the director of Ladywell Meadows Management Company Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ladywell Meadows Management Company Limited and its director as a body for our work or for this report.
It is your duty to ensure that Ladywell Meadows Management Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Ladywell Meadows Management Company Limited . You consider that Ladywell Meadows Management Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ladywell Meadows Management Company Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
3 October 2024
SMV Associates Ltd
4 Cedar Court
Tiverton Business Park
Tiverton
Devon
EX16 6GT
Page 3
Page 4
Income and Expenditure Account
2024 2023
Notes £ £
TURNOVER 15,842 18,039
GROSS SURPLUS 15,842 18,039
Administrative expenses (10,778 ) (9,811 )
OPERATING SURPLUS 5,064 8,228
Other interest receivable and similar income 413 25
SURPLUS FOR THE FINANCIAL YEAR 5,477 8,253
The notes on page 6 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 5,871 13,473
Cash at bank and in hand 31,842 20,413
37,713 33,886
Creditors: Amounts Falling Due Within One Year 5 (920 ) (2,570 )
NET CURRENT ASSETS (LIABILITIES) 36,793 31,316
TOTAL ASSETS LESS CURRENT LIABILITIES 36,793 31,316
NET ASSETS 36,793 31,316
Income and Expenditure Account 36,793 31,316
MEMBERS' FUNDS 36,793 31,316
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr D T Edwards
Director
3 October 2024
The notes on page 6 form part of these financial statements.
Page 5
Page 6
Notes to the Financial Statements
1. General Information
Ladywell Meadows Management Company Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 10209014 . The registered office is 53 Bampton Street, Tiverton, Devon, EX16 6AL.
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 consists of fees and charges received from residents of the properties surrounding the open spaces.
2.3. Taxation
There is no corporation tax liability as the company's business consists of the management, on a non profit making basis, of the open spaces for the owners of the surrounding properties.
3. Average Number of Employees
Thr average number of employees, including directors, during the year was NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,425 13,473
Sundry debtors 446 -
5,871 13,473
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 959
Sundry creditors 440 1,131
Accruals and deferred income 480 480
920 2,570
6. 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 6