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Sage Accounts Production 23.0 - FRS102_2023
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Company registration number:
03404428
St. Nicholas Lodge Management Company Ltd
Company limited by guarantee
Unaudited financial statements
23 June 2024
St. Nicholas Lodge Management Company Ltd
Company limited by guarantee
Contents
Directors and other information
Directors report
Accountants report
Statement of financial position
Notes to the financial statements
St. Nicholas Lodge Management Company Ltd
Company limited by guarantee
Directors and other information
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Directors |
Mrs J V McKenna |
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Mr S Rajah |
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Mr J Shrigley |
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Company number |
03404428 |
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Registered office |
Vaughan Chambers |
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Vaughan Road |
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Harpenden |
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AL5 4EE |
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Accountants |
Hicks and Company |
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Chartered Accountants |
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Vaughan Chambers |
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Vaughan Road |
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Harpenden |
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AL5 4EE |
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St. Nicholas Lodge Management Company Ltd
Company limited by guarantee
Directors report
Year ended 23 June 2024
The directors present their report and the unaudited financial statements of the company for the year ended 23 June 2024.
Directors
The directors who served the company during the year were as follows:
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Mrs J V McKenna |
Mr S Rajah |
Mr J Shrigley |
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Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
18 July 2024
and signed on behalf of the board by:
Mr J Shrigley
Director
St. Nicholas Lodge Management Company Ltd
Company limited by guarantee
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of St. Nicholas Lodge Management Company Ltd
Year ended 23 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of St. Nicholas Lodge Management Company Ltd for the year ended 23 June 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of St. Nicholas Lodge Management Company Ltd, as a body, in accordance with the terms of our engagement letter dated 7 October 2022. Our work has been undertaken solely to prepare for your approval the financial statements of St. Nicholas Lodge Management Company Ltd and state those matters that we have agreed to state to the board of directors of St. Nicholas Lodge Management Company Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than St. Nicholas Lodge Management Company Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that St. Nicholas Lodge Management Company Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of St. Nicholas Lodge Management Company Ltd. You consider that St. Nicholas Lodge Management Company Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of St. Nicholas Lodge Management Company Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
18 July 2024
St. Nicholas Lodge Management Company Ltd
Company limited by guarantee
Statement of financial position
23 June 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Cash at bank and in hand |
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3,300 |
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3,300 |
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_______ |
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_______ |
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3,300 |
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3,300 |
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Creditors: amounts falling due |
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within one year |
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5 |
(
3,300) |
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(
3,300) |
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_______ |
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_______ |
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Net current liabilities |
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- |
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- |
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_______ |
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_______ |
Net assets |
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- |
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- |
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_______ |
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_______ |
Capital and reserves |
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Profit and loss account |
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- |
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- |
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_______ |
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_______ |
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(-) |
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(-) |
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_______ |
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_______ |
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For the year ending 23 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the
board of directors
and authorised for issue on
18 July 2024
, and are signed on behalf of the board by:
Mr J Shrigley
Director
Company registration number:
03404428
St. Nicholas Lodge Management Company Ltd
Company limited by guarantee
Notes to the financial statements
Year ended 23 June 2024
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, AL5 4EE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4.
Limited by guarantee
Every Member of the Company undertakes to contribute such amount as may be required (not exceeding £1) to the Company's assets if it should be wound up while he is a member of within one year after he ceases to be a Member, for payment of the Company's debts and liabilities contracted before he ceases to be a Member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.
5.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Other creditors |
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3,300 |
3,300 |
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_______ |
_______ |
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6.
Service charge income and expenditure
The funds collected from and paid out on behalf of tenants do no form part of the Income or Expenditure of the Company, but are dealt with in trust for the members of the Company.