Registered number
01145361
Larkspur Court Management Limited
Report and Accounts
31 March 2024
Larkspur Court Management Limited
Company Information
Directors
M Kanaparampil
C Lorho
M Martin
A McCreddie
L Newman
D Pronczuk
G Aldridge - resigned 25th Sept 2023
C L Brearley - resigned 25th Sept 2023
C P Da Cruz - resigned 25th Sept 2023
M Dawson - resigned 25th Sept 2023
S Dixon - resigned 25th Sept 2023
R Ellis - resigned 25th Sept 2023
G Eveling - resigned 25th Sept 2023
A Higgins - resigned 25th Sept 2023
R Oliver - resigned 25th Sept 2023
P Palmer - resigned 25th Sept 2023
R Sistu - resigned 12th May 2023
Y Zhao - resigned 25th Sept 2023
Secretary
R N Harris
Accountants
N J Ruse and Associates
Eagle House, Cranleigh Close
Sanderstead
South Croydon
CR2 9LH
Registered Office
12 Clyde Road
Wallington
Surrey
SM6 8PZ
Registered number
01145361
Larkspur Court Management Limited
Registered number: 01145361
Directors' Report
The directors present their report and accounts for the year ended 31 March 2024.
Principal Activity
The company's principal activity during the year continued to be that of residential management of the properties at 48 Beddington Gardens, Wallington, Surrey, on a non-profit basis.
Directors
The following persons served as directors of the company during the year:
M Kanaparampil
C Lorho
M Martin
A McCreddie
L Newman
D Pronczuk
Small Company Provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 6 November 2024 and signed by its order.
_____________________
R N Harris
Secretary
Larkspur Court Management Limited
Report to the directors on the preparation of the unaudited statutory accounts of Larkspur Court Management Limited For the Year Ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Larkspur Court Management Limited For the Year Ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
N J Ruse and Associates
Chartered Certified Accountants
Eagle House, Cranleigh Close
Sanderstead
South Croydon
CR2 9LH
6 November 2024
Larkspur Court Management Limited
Profit and Loss Account
For the Year Ended 31 March 2024
2024 2023
£ £
Turnover 36,000 35,600
Administrative Expenses (14,496) (15,190)
Operating Profit 21,504 20,410
Interest Receivable 587 28
Profit Before Tax 22,091 20,438
Tax on Profit (111) -
Profit for the Financial Year 21,980 20,438
Larkspur Court Management Limited
Registered number: 01145361
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed Assets
Tangible Assets 3 5,306 5,586
Current Assets
Debtors 4 4,500 5,275
Bank and Cash 108,175 84,441
112,675 89,716
Creditors: amounts falling Due Within One Year 5 (1,099) (400)
Net Current Assets 111,576 89,316
Net Assets 116,882 94,902
Capital and Reserves
Called Up Share Capital 240 240
Roof Repair Reserve 6 84,461 67,661
General Reserve 48,981 42,548
Shareholders' Funds 133,682 110,449
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.
____________________
A McCreddie
Director
Approved by the board on 6 November 2024
Larkspur Court Management Limited
Statement of Changes in Equity
For the Year Ended 31 March 2024
Share Roof General Profit Total
capital Repair Reserve and loss
Reserve account
£ £ £ £ £
At 1 April 2022 240 52,114 22,110 - 74,464
Profit for the Financial Year 20,438 20,438
Transfer from Profit & Loss Account 15,547 4,891 (20,438)
At 31 March 2023 240 67,661 27,001 - 94,902
At 1 April 2023 240 67,661 27,001 - 94,902
Profit for the Financial Year 21,980 21,980
Transfer from Profit & Loss Account 16,800 5,180 (21,980)
At 31 March 2024 240 84,461 32,181 - 116,882
Larkspur Court Management Limited
Notes to the Accounts
For the Year Ended 31 March 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).
Turnover
Turnover or sales are the services charges receivable in the year and this includes the amounts collected and transferred to the roof repair reserve
Tangible Fixed Assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fire Doors 5% straight line
Entry Phone 5% straight line
Equipment 10% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible Fixed Assets
Fire Door Entry Phone Equipment Total
£ £ £ £
Cost
At 1 April 2023 7,165 4,068 5,050 16,283
At 31 March 2024 7,165 4,068 5,050 16,283
Depreciation
At 1 April 2023 3,412 2,235 5,050 10,697
Charge for the year 188 92 - 280
At 31 March 2024 3,600 2,327 5,050 10,977
Net Book Values
At 31 March 2024 3,565 1,741 - 5,306
At 31 March 2023 3,753 1,833 - 5,586
4 Debtors 2024 2023
£ £
Other Debtors 4,500 5,275
5 Creditors: Due Within One Year 2024 2023
£ £
Corporation Tax 111 -
Other Creditors 988 400
1,099 400
6 Roof Repair Reserve 2024 2023
£ £
At 1 April 2023 67,661 52,114
Transfer from Profit and Loss Account 16,800 15,547
At 31 March 2024 84,461 67,661
7 Other information
Larkspur Court Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Clyde Road
Wallington
Surrey
SM6 8PZ
Larkspur Court Management Limited
Income and Expenditure Account
For the Year Ended 31 March 2024
This page does not form part of the statutory accounts
2024 2023
Income £ £
Service Charges 19,200 20,053
Roof Sinking Fund 16,800 15,547
Turnover per Accounts 36,000 35,600
Expenditure
Premises Costs
Ground Maintenance and Cleaning 4,222 4,749
Window Cleaning 875 1,050
Communal Lighting (37) 548
Repairs and Maintenance 2,161 1,970
7,221 8,317
General Admin Costs
Insurance 540 385
Depreciation 280 561
Companies House Fee 13 13
Sundry Expenses 60 -
893 959
Legal and Professional Fees
Accountancy fees 588 400
Emergency Lights and Alarm Tests 994 498
Managing Agents Fees 4,800 4,800
Other Legal and Professional Fees - 216
6,382 5,914
Total Admin Expenditure 14,496 15,190
Add: Bank Interest 587 28
Net Surplus/(Deficit) for the Year 22,091 20,438
Less: Tax (111) -
Retained Surplus 21,980 20,438
Transfer to the Roof Repair Reserve (16,800) (15,547)
Transfer to the General Reserve (5,180) (4,891)
- -
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