REGISTERED NUMBER: |
St John's Close |
Management Company |
Limited |
Financial Statements |
for the Year Ended 24 March 2024 |
REGISTERED NUMBER: |
St John's Close |
Management Company |
Limited |
Financial Statements |
for the Year Ended 24 March 2024 |
St John's Close |
Management Company |
Limited (Registered number: 01571289) |
Contents of the Financial Statements |
for the year ended 24 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
St John's Close |
Management Company |
Limited |
Company Information |
for the year ended 24 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
24 Cornwall Road |
Dorchester |
Dorset |
DT1 1RX |
St John's Close |
Management Company |
Limited (Registered number: 01571289) |
Balance Sheet |
24 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
St John's Close |
Management Company |
Limited (Registered number: 01571289) |
Notes to the Financial Statements |
for the year ended 24 March 2024 |
1. | STATUTORY INFORMATION |
St John's Close Management Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover consists of management service charges and ground rents receivable. The company is not VAT registered. |
Tangible fixed assets |
Freehold property | - |
The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation charge for the year is nil. The directors perform annual impairment reviews to ensure that the recoverable amount is not lower than the carrying value. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 25 March 2023 |
and 24 March 2024 |
NET BOOK VALUE |
At 24 March 2024 |
At 24 March 2023 |
St John's Close |
Management Company |
Limited (Registered number: 01571289) |
Notes to the Financial Statements - continued |
for the year ended 24 March 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary share capital | £1 | 14 | 14 |
B share capital | £500 | 7,000 | 7,000 |
7,014 | 7,014 |
The B shares do not confer on the holders thereof any rights to receive notice of or attend and vote at any general meeting of the company other than in relation to any resolution to transfer, charge, lease, dispose of or otherwise deal with the freehold of the premises. The holders of the B shares shall be entitled, to the exclusion of all other shareholders, to receive, by way of dividend all profits of an income nature derived by the company from its ownership of the freehold. On the making by the company of any dividend (or other distribution) in specie, or on any return of assets by the company on a winding up or on any other distribution or return of assets by the company to its members, then the holders of the B shares will be entitled, to the exclusion of all other members as a class to receive the freehold or the net proceeds of its disposal, or any other capital sum received by the company in respect of the freehold. |