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COMPANY REGISTRATION NUMBER: 04375614
Clare Hall Management Company Limited
Filleted Financial Statements
For the year ended
29 February 2024
Clare Hall Management Company Limited
Financial Statements
Year ended 29 February 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
Clare Hall Management Company Limited
Officers and Professional Advisers
THE BOARD OF DIRECTORS
Mr R B King
Mr H Yuan
REGISTERED OFFICE
Potton House
Wyboston Lakes
Great North Road
Wyboston
Bedford
MK44 3BZ
AUDITOR
Streets
Chartered Accountants & statutory auditor
Potton House
Wyboston Lakes
Great North Road
Wyboston
Bedford
MK44 3BZ
BANKERS
Barclays Bank Plc
41 High Street
St Neots
Huntingdon
Cambs
PE19 1AS
Clare Hall Management Company Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
Current assets
Debtors
5
4,462
4,247
Cash at bank and in hand
56,928
55,562
--------
--------
61,390
59,809
Creditors: amounts falling due within one year
6
5,643
5,882
--------
--------
Net current assets
55,747
53,927
--------
--------
Total assets less current liabilities
55,747
53,927
--------
--------
Net assets
55,747
53,927
--------
--------
Capital and reserves
Called up share capital
12
12
Profit and loss account
55,735
53,915
--------
--------
Shareholders funds
55,747
53,927
--------
--------
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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 14 November 2024 , and are signed on behalf of the board by:
Mr H Yuan
Director
Company registration number: 04375614
Clare Hall Management Company Limited
Notes to the Financial Statements
Year ended 29 February 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 Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ.
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. 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.
Revenue recognition
The turnover shown in the statement of income and retained earnings represents contributions payable by tenants, recognised on an accruals basis exclusive of value added tax.
Taxation
The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
4. Tax on profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
427
218
----
----
Tax on profit
427
218
----
----
5. Debtors
2024
2023
£
£
Trade debtors
2,080
1,513
Other debtors
2,382
2,734
-------
-------
4,462
4,247
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
426
218
Other creditors
5,217
5,664
-------
-------
5,643
5,882
-------
-------
7. Summary audit opinion
The auditor's report dated 14 November 2024 was unqualified .
The senior statutory auditor was Alan Endersby , for and on behalf of Streets .
8. Related party transactions
The company's activities comprise the management of property under the leasehold ownership of the company's shareholders. The company's income in this regard therefore relates to monies received from its shareholders.