Registered number
05513272
Linkfield Court (Mountsorrel) Management Company Limited
Filleted Accounts
for the year ended
31 March 2024
Linkfield Court (Mountsorrel) Management Company Limited
Registered number: 05513272
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 - 2,168
Cash at bank and in hand 16,199 28,241
16,199 30,409
Creditors: amounts falling due within one year 4 (528) (13,794)
Net current assets 15,671 16,615
Net assets 15,671 16,615
Capital and reserves
Reserves account 15,671 16,615
Member's funds 15,671 16,615
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J A Stone
Director
Approved by the board on 18 December 2024
Linkfield Court (Mountsorrel) Management Company Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents service charges charged to the leaseholders of Linkfield Court, Mountsorrel.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Other debtors - 2,168
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 528 1,598
Other creditors - 12,196
528 13,794
5 Reserves account
The Company's reserve funds are retained for future expenditure in accordance with the lease. Any excess for the year is retained to add to the reserve account as agreed at the Company's AGM.
6 Other information
Linkfield Court (Mountsorrel) Management Company Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
1 Leicester Road
Loughborough
Leics
LE11 2AE
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