REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 MARCH 2024 |
FOR |
SUMMERCOURT (HAILSHAM) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 MARCH 2024 |
FOR |
SUMMERCOURT (HAILSHAM) LIMITED |
SUMMERCOURT (HAILSHAM) LIMITED (REGISTERED NUMBER: 01617412) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 MARCH 2024 |
Page |
Balance Sheet | 1 |
SUMMERCOURT (HAILSHAM) LIMITED (REGISTERED NUMBER: 01617412) |
BALANCE SHEET |
30 MARCH 2024 |
2024 | 2023 |
£ | £ |
FIXED ASSETS |
CURRENT ASSETS |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
NOTES TO THE FINANCIAL STATEMENTS |
1. | STATUTORY INFORMATION |
Summercourt (Hailsham) Limited is a |
Registered number: |
Registered office: |
2. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was NIL (2023 - NIL). |
SUMMERCOURT (HAILSHAM) LIMITED (REGISTERED NUMBER: 01617412) |
BALANCE SHEET - continued |
30 MARCH 2024 |
3. | PRIOR PERIOD ADJUSTMENT |
The accounts have been restated. |
Previously the service charge transactions of Summercourt, Hailsham, had been included within the company accounts. |
The Freehold interest held by the company had also been depreciated incorrectly and has been restored to the original cost. |
The company has no income or expenditure in its own right from which it derives economic benefit. Whilst certain contracts are entered into in the name of the company, the execution of those contracts and settlement of the liabilities arising are made through a Statement of Account that does not form part of the annual accounts of the company. |
Money relating to the service charge does not 'belong' to the company but is held in trust for the lessees of the property and therefore all transactions and balances related to the service charge should be excluded from the company accounts. |
Separate service charge accounts are now prepared which show the transactions of the service charge fund. |
This change has had the financial effect of reducing accumulated reserves at 31 March 2023 by £11,412. |
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 were approved by the Board of Directors and authorised for issue on |