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COMPANY REGISTRATION NUMBER: 02340314
ACRE MEAD FLATS MANAGEMENT COMPANY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
ACRE MEAD FLATS MANAGEMENT COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
CURRENT ASSETS
Debtors
4
198
135
Cash at bank and in hand
9,925
10,420
---------
---------
10,123
10,555
CREDITORS: amounts falling due within one year
6
612
554
---------
---------
NET CURRENT ASSETS
9,511
10,001
-------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
9,511
10,001
-------
---------
NET ASSETS
9,511
10,001
-------
---------
ACRE MEAD FLATS MANAGEMENT COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
4
4
Share premium account
36
36
Profit and loss account
9,471
9,961
-------
---------
SHAREHOLDERS FUNDS
9,511
10,001
-------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 9 October 2024 , and are signed on behalf of the board by:
P A Keenan
Director
Company registration number: 02340314
ACRE MEAD FLATS MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 2, Acre Mead, Birdcage Lane, Halifax, West Yorkshire, HX3 0JQ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, in accordance with the lease and on an accruals basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements
Current and deferred tax
Service charge monies are held on trust in accordance with section 42, Landlord and Tenant Act 1987. If applicable, interest on service charge monies held on deposit and ground rents are taxable at the basic rate of income tax.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
4. DEBTORS
2024
2023
£
£
Other debtors
198
135
----
----
5. CASH AT BANK AND IN HAND
2024
2023
£
£
Cash at bank
9,728
10,224
Cash in hand
197
196
-------
---------
9,925
10,420
-------
---------
The service charge money is held with National Westminster Bank plc, in the "Acre Mead Flats Management Company Limited" account.
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Other creditors
612
554
----
----