Brooke Lodge Residents Management Company Ltd 05630994 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is the management of Brooke Lodge and grounds for the benefit of the members. Digita Accounts Production Advanced 6.30.9574.0 true true 05630994 2022-12-01 2023-11-30 05630994 2023-11-30 05630994 core:CurrentFinancialInstruments 2023-11-30 05630994 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 05630994 bus:SmallEntities 2022-12-01 2023-11-30 05630994 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 05630994 bus:FilletedAccounts 2022-12-01 2023-11-30 05630994 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 05630994 bus:RegisteredOffice 2022-12-01 2023-11-30 05630994 bus:Director1 2022-12-01 2023-11-30 05630994 bus:CompanyLimitedByGuarantee 2022-12-01 2023-11-30 05630994 countries:England 2022-12-01 2023-11-30 05630994 2021-12-01 2022-11-30 05630994 2022-11-30 05630994 core:CurrentFinancialInstruments 2022-11-30 05630994 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 05630994

Brooke Lodge Residents Management Company Ltd

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Brooke Lodge Residents Management Company Ltd

(Registration number: 05630994)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

9,910

8,565

Cash at bank and in hand

 

2,153

1,542

 

12,063

10,107

Creditors: Amounts falling due within one year

5

(402)

(297)

Net assets

 

11,661

9,810

Reserves

 

Retained earnings

11,661

9,810

Surplus

 

11,661

9,810

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 November 2024
 

.........................................
Mrs V E A Meddings Stokes
Director

   
     
 

Brooke Lodge Residents Management Company Ltd

Notes to the Financial Statements for the Year Ended 30 November 2023

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 £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
6 Ancaster Road
Bourne
Lincs
PE10 9HL

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.

 

Brooke Lodge Residents Management Company Ltd

Notes to the Financial Statements for the Year Ended 30 November 2023

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 the director) during the year, was 0 (2022 - 0).

4

Debtors

Current

2023
£

2022
£

Trade debtors

9,910

8,565

 

9,910

8,565

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Other creditors

 

402

297