Registered number
06708541
Fallapit House Management Company Limited
Report and Unaudited Accounts
30 September 2024
Fallapit House Management Company Limited
Company Information
Directors
Mr I A D Robertson (Resigned 18 June 2024)
Mrs H Mayes
Mr T A Bowman (Appointed 21 May 2024)
Dr L Leyland (Appointed 29 June 2024)
Mr T R Parkinson (Appointed 29 June 2024)
Mr K D Pullen (Appointed 29 June 2024)
Mr J H Rogers (Appointed 29 June 2024)
Accountants
Morgan Accountants Limited
Duke Court
Bridge Street
Kingsbridge
Devon
TQ7 1HX
Registered office
Fallapit House
Fallapit Estate
East Allington
Totnes
Devon
TQ9 7AT
Registered number
06708541
Fallapit House Management Company Limited
Registered number: 06708541
Directors' Report
The directors present their report and accounts for the year ended 30 September 2024.
Principal activities
The company's principal activity during the year continued to be the management of a residential property, Fallapit House, Fallapit Estate, East Allington, Totnes, Devon.
Directors
The following persons served as directors during the year:
Mr I A D Robertson (Resigned 18 June 2024)
Mrs H Mayes
Mr T A Bowman (Appointed 21 May 2024)
Dr L Leyland (Appointed 29 June 2024)
Mr T R Parkinson (Appointed 29 June 2024)
Mr K D Pullen (Appointed 29 June 2024)
Mr J H Rogers (Appointed 29 June 2024)
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 4 December 2024 and signed on its behalf.
Mrs H Mayes
Director
Fallapit House Management Company Limited
Profit and Loss Account
for the year ended 30 September 2024
Notes 2024 2023
£ £
Turnover 13,795 76,338
Administrative expenses (11,416) (86,442)
Operating profit/(loss) 2,379 (10,104)
Interest receivable 121 137
Profit/(loss) before taxation 2,500 (9,967)
Tax on profit/(loss) 1 - -
Transferred to sinking fund for future repairs 7 (2,500) 9,967
Profit for the financial year - -
Fallapit House Management Company Limited
Registered number: 06708541
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 203 571
Cash at bank and in hand 4 10,179 6,417
10,382 6,988
Creditors: amounts falling due within one year 5 (1,374) (480)
Net current assets 9,008 6,508
Net assets 9,008 6,508
Capital and reserves
Called up share capital 6 8 8
Sinking fund for future repairs 7 9,000 6,500
Shareholders' funds 9,008 6,508
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 members have 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.
Mrs H Mayes
Director
Approved by the board on 4 December 2024
Fallapit House Management Company Limited
Notes to the Accounts
for the year ended 30 September 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 the amounts receivable for services provided during the year and an amount for future repairs.
Tangible fixed assets
The company owns the freehold of Fallapit House which was transferred to the Company at no value by the developer.
Taxation
The company had no corporation tax liability for the year.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Electricity refund from Estate 203 -
Service charge balances due - 571
203 571
4 Bank accounts 2024 2023
£ £
Bank market call account 1,378 3,965
Business money manager 8,801 -
Bank community account - 2,452
10,179 6,417
5 Creditors: amounts falling due within one year 2024 2023
£ £
Service charges overpaid 734 -
Trade creditors 640 480
1,374 480
6 Share capital 2024 2023
£ £
Authorised Ordinary Shares of £1 1,000 1,000
Issued and Fully Paid Ordinary Shares of £1 8 8
7 Sinking funds for future repairs 2024 2023
£ £
At 1 October 2023 6,500 16,467
Transfer to Sinking fund 2,500 (9,967)
At 30 September 2024 9,000 6,500
In accordance with the terms of the agreements entered into by the owners of the apartments in Fallapit House the company has a resposibility to maintain the structure of the freehold property. There is no requirement in the agreements to provide in advance for major repairs, but the owners agreed that a sinking fund for future major repairs be created from 1 October 2014 at the rate of £2,500 per annum.
8 Other information
Fallapit House Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Fallapit House
Fallapit Estate
East Allington
Devon
TQ9 7AT
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