Lynch Road (Farnham) Management Company Limited
Registered number: 07345371
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 13,507 14,575
Creditors: amounts falling due within one year 3 (150) (300)
Net current assets 13,357 14,275
Net assets 13,357 14,275
Capital and reserves
Called up share capital 800 800
Maintenance reserve 4 12,557 13,475
Shareholders' funds 13,357 14,275
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R Munroe
Director
Approved by the board on 30 September 2024
Lynch Road (Farnham) Management Company Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 150 300
4 Maintenance reserve 2024 2023
£ £
At 1 July 2023 13,475 12,734
Transferred from profit and loss acc (918) 741
At 30 June 2024 12,557 13,475
5 Other information
Lynch Road (Farnham) Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Bramblings Close
Farnham
Surrey
GU9 8BF
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out above. These policies have been consistently applied to all years presented unless otherwise stated and the transition to FRS 102 was from 1 January 2016.
Lynch Road (Farnham) Management Company Limited 07345371 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts April 2024 Mr R Munroe No description of principal activity 07345371 2022-07-01 2023-06-30 07345371 core:RevaluationReserve core:LandBuildings 2022-07-01 2023-06-30 07345371 core:WithinOneYear 2023-06-30 07345371 core:ShareCapital 2023-06-30 07345371 core:OtherReservesSubtotal 2023-06-30 07345371 core:RevaluationReserve 2022-06-30 07345371 2023-07-01 2024-06-30 07345371 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07345371 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07345371 bus:Director40 2023-07-01 2024-06-30 07345371 core:RevaluationReserve core:LandBuildings 2023-07-01 2024-06-30 07345371 countries:England 2023-07-01 2024-06-30 07345371 bus:FRS102 2023-07-01 2024-06-30 07345371 bus:FilletedAccounts 2023-07-01 2024-06-30 07345371 2024-06-30 07345371 core:WithinOneYear 2024-06-30 07345371 core:ShareCapital 2024-06-30 07345371 core:OtherReservesSubtotal 2024-06-30 07345371 core:RevaluationReserve 2024-06-30 07345371 2023-06-30 07345371 core:RevaluationReserve 2023-06-30 iso4217:GBP xbrli:pure