Registered number
01778433
DEGANWY FLATS MANAGEMENT LIMITED
Filleted Accounts
24 June 2024
DEGANWY FLATS MANAGEMENT LIMITED
Registered number: 01778433
Balance Sheet
as at 24 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,000 17,506
Current assets
Debtors 4 5,917 49
Cash at bank and in hand 17,600 30,347
23,517 30,396
Creditors: amounts falling due within one year 5 (1,869) (485)
Net current assets 21,648 29,911
Net assets 38,648 47,417
Capital and reserves
Called up share capital 45 45
Profit and loss account 38,603 47,372
Shareholders' funds 38,648 47,417
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 and delivered 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.
Mrs M Lloyd
Director
Approved by the board on 22 August 2024
DEGANWY FLATS MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 24 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 (as applied to small entities by section 1A of the standard).
Income and expenditure arising from the maintenance of the common parts in accordance with the lease are shown in the separate service charge accounts for the property and do not form part of the annual accounts for the Company and are not filed at Companies House. All service charge monies received from the flats and houses of Deganwy Beach Estate are held on trust for the tenants.
Turnover
Turnover represents ground rents collected by the Company and the invoiced value of other services provided by the Company.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives of 20 years.
Plant and machinery 5% straight line
Digital TV aerials system 5% straight line
Deferred Taxation
The Company does not account for deferred taxation as in the opinion of the Directors such provision would not materially affect the accounts now presented.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 25 June 2023 17,049 10,256 27,305
At 24 June 2024 17,049 10,256 27,305
Depreciation
At 25 June 2023 1,141 8,658 9,799
Charge for the year - 506 506
At 24 June 2024 1,141 9,164 10,305
Net book value
At 24 June 2024 15,908 1,092 17,000
At 24 June 2023 15,908 1,598 17,506
Freehold land and buildings: 2024 2023
£ £
Historical cost 15,898 15,898
Cumulative depreciation based on historical cost - -
15,898 15,898
4 Debtors 2024 2023
£ £
Other debtors 5,917 49
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,869 485
6 Other information
DEGANWY FLATS MANAGEMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
37 Marsh Parade
Newcastle-Under-Lyme
ST5 1BT
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