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REGISTERED NUMBER: 01571289 (England and Wales)

















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: P D Angrave
D G Coates





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 01571289 (England and Wales)





ACCOUNTANTS: Read Woodruff
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 7,803 7,803

CURRENT ASSETS
Debtors 5 1,143 407
Cash at bank 29,313 35,280
30,456 35,687
CREDITORS
Amounts falling due within one year 6 1,728 2,675
NET CURRENT ASSETS 28,728 33,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,531

40,815

CAPITAL AND RESERVES
Called up share capital 7 7,014 7,014
Share premium 803 803
Retained earnings 28,714 32,998
SHAREHOLDERS' FUNDS 36,531 40,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 19 September 2024 and were signed on its behalf by:




P D Angrave - Director



D G Coates - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover consists of management service charges and ground rents receivable. The company is not VAT registered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 25 March 2023
and 24 March 2024 7,803
NET BOOK VALUE
At 24 March 2024 7,803
At 24 March 2023 7,803

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 495 165
Other debtors 648 242
1,143 407

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,728 2,675

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
14 Ordinary share capital £1 14 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.