BOAT LANE COURT LIMITED 02484041 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the management and supply of services to the owners of leasehold properties situated at Brett Street, Manchester. Digita Accounts Production Advanced 6.30.9574.0 true true 02484041 2023-04-01 2024-03-31 02484041 2024-03-31 02484041 bus:OrdinaryShareClass1 2024-03-31 02484041 core:CurrentFinancialInstruments 2024-03-31 02484041 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02484041 bus:SmallEntities 2023-04-01 2024-03-31 02484041 bus:Audited 2023-04-01 2024-03-31 02484041 bus:FullAccounts 2023-04-01 2024-03-31 02484041 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02484041 bus:RegisteredOffice 2023-04-01 2024-03-31 02484041 bus:CompanySecretary1 2023-04-01 2024-03-31 02484041 bus:Director1 2023-04-01 2024-03-31 02484041 bus:Director4 2023-04-01 2024-03-31 02484041 bus:Director7 2023-04-01 2024-03-31 02484041 bus:Director8 2023-04-01 2024-03-31 02484041 bus:Director9 2023-04-01 2024-03-31 02484041 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 02484041 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02484041 countries:EnglandWales 2023-04-01 2024-03-31 02484041 2022-04-01 2023-03-31 02484041 2023-03-31 02484041 bus:OrdinaryShareClass1 2023-03-31 02484041 core:CurrentFinancialInstruments 2023-03-31 02484041 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02484041

BOAT LANE COURT LIMITED

Filleted Financial Statements

for the Year Ended 31 March 2024

 

BOAT LANE COURT LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

BOAT LANE COURT LIMITED

Company Information

Directors

Mrs N E Ibe

Mr M A Manley

Mr D E Johnson

Mrs G E Roberts

Mr S L Belmar-Luna

Company secretary

Retirement Security Limited

Registered office

Unit 3
Wellesbourne Distribution Park
Loxley Road
Wellesbourne
Warwick
CV35 9JY

Auditors

Pennington Williams Limited
Chartered Certified Accountants
Stanhope House
Mark Rake
Bromborough
Wirral
Merseyside
CH62 2DN

 

BOAT LANE COURT LIMITED

(Registration number: 02484041)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

1,265

949

Debtors

5

43,987

27,523

Cash at bank and in hand

 

142,552

117,310

 

187,804

145,782

Creditors: Amounts falling due within one year

6

(187,750)

(145,728)

Net assets

 

54

54

Capital and Reserves

 

Called up share capital

7

54

54

Shareholders' funds

 

54

54

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.

Approved and authorised by the Board on 12 September 2024 and signed on its behalf by:
 

.........................................
Mrs N E Ibe
Director

.........................................
Mr M A Manley
Director

 

BOAT LANE COURT LIMITED

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 3
Wellesbourne Distribution Park
Loxley Road
Wellesbourne
Warwick
CV35 9JY

The principal place of business is:
Brett Street
Northenden
Manchester
M22 4EZ

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.

The presentation currency is £ Sterling.

Going concern

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

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 20 September 2024 was Lisa Jane Bean F.C.C.A, who signed for and on behalf of Pennington Williams Limited.

Revenue recognition

Turnover comprises amounts receivable in respect of services provided. Income is recognised when the service is provided and must agree to the budgeted Fund for Future Maintenance contribution in the year (as set by an external surveyor and agreed with board). Any surplus will be due back to the owners and deficit must be made good by the owners and is recognised in the period it relates to.

 

BOAT LANE COURT LIMITED

Notes to the Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in the income and expenditure account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Investments in shares are included at cost less impairment. Interest receivable on short term bonds is included in the income & expenditure account on an accruals basis.

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Leases

Rentals payable under operating leases are charged to the income & expenditure account on a straight line basis over the term of the lease.

Defined contribution pension obligation

The company operates a defined benefits contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.

Financial instruments

Classification
The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors.
 Recognition and measurement
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income & expenditure account.
 

Employee Benefits

Short-term employee benefits, including holiday pay, are recognised as an expense in the income & expenditure account in the period in which they are incurred.

Fund for Future Maintenance

The company has an obligation to the owners to set aside such sums of money as the company shall reasonably require to meet such future costs as it shall reasonably expect to incur in replacing, maintaining and renewing those items which it has covenanted to replace, maintain or renew as required by the lease agreement in place with the owners. The result of income over expenditure in the period is transferred to the fund for future maintenance for these future costs to be expended from.

3

Staff numbers

The average number of persons employed by the company during the year, was 21 (2023 - 20).

 

BOAT LANE COURT LIMITED

Notes to the Financial Statements for the Year Ended 31 March 2024

4

Stocks

2024
£

2023
£

Other inventories

1,265

949

5

Debtors

Current

2024
£

2023
£

Trade Debtors

32,988

21,528

Prepayments

5,787

2,057

Other debtors

5,212

3,938

 

43,987

27,523

 

BOAT LANE COURT LIMITED

Notes to the Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade Creditors

25,405

10,038

Taxation and social security

935

-

Accruals and deferred income

17,158

15,815

Wages and salaries control

-

3,325

Other creditors

37,301

12,443

Fund for Future Maintenance

106,951

104,107

187,750

145,728

2024
 £

2023
 £

Fund For Future Maintenance

Opening Balance

104,107

188,363

Surplus

86,465

86,639

Expenditure

(80,105)

(170,895)

Transfer of prior year surplus

(6,169)

-

Water Creditor written back

2,653

-

106,951

104,107

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each of £1 each

54

54

54

54