Manor Court Gardens (Axbridge) Management Co. Ltd 06606521 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Management and maintenance of Manor Court Gardens, Axbridge. Digita Accounts Production Advanced 6.30.9574.0 true true 06606521 2023-06-01 2024-05-31 06606521 2024-05-31 06606521 core:CurrentFinancialInstruments 2024-05-31 06606521 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 06606521 bus:SmallEntities 2023-06-01 2024-05-31 06606521 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 06606521 bus:FilletedAccounts 2023-06-01 2024-05-31 06606521 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06606521 bus:RegisteredOffice 2023-06-01 2024-05-31 06606521 bus:Director1 2023-06-01 2024-05-31 06606521 bus:Director2 2023-06-01 2024-05-31 06606521 bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 06606521 countries:England 2023-06-01 2024-05-31 06606521 2022-06-01 2023-05-31 06606521 2023-05-31 06606521 core:CurrentFinancialInstruments 2023-05-31 06606521 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 06606521

Manor Court Gardens (Axbridge) Management Co. Ltd

(A company limited by guarantee)

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Manor Court Gardens (Axbridge) Management Co. Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Manor Court Gardens (Axbridge) Management Co. Ltd

Company Information

Directors

Mr John Swart

Mr Kenneth David Clarence Horsham

Registered office

10 Reads Garden
Axbridge
Somerset
BS26 2FL

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

Manor Court Gardens (Axbridge) Management Co. Ltd

(Registration number: 06606521)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

         

Current assets

   

Debtors

4

 

250

170

Cash at bank and in hand

   

3,503

3,034

   

3,753

3,204

Creditors: Amounts falling due within one year

5

 

(2,061)

(1,941)

Net assets

   

1,692

1,263

Reserves

   

Retained earnings

1,692

 

1,263

Surplus

   

1,692

1,263

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 October 2024 and signed on its behalf by:
 

.........................................

Mr John Swart
Director

 

Manor Court Gardens (Axbridge) Management Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
10 Reads Garden
Axbridge
Somerset
BS26 2FL

These financial statements were authorised for issue by the Board on 24 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Manor Court Gardens (Axbridge) Management Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Debtors

Current

2024
£

2023
£

Trade debtors

250

170

 

250

170

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

2,060

1,940

Other creditors

1

1

2,061

1,941