REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 |
FOR |
MILLERS MEAD (SNETTISHAM) RESIDENTS |
MANAGEMENT COMPANY LIMITED |
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 |
FOR |
MILLERS MEAD (SNETTISHAM) RESIDENTS |
MANAGEMENT COMPANY LIMITED |
MILLERS MEAD (SNETTISHAM) RESIDENTS |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 06460856) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2024 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
MILLERS MEAD (SNETTISHAM) RESIDENTS |
MANAGEMENT COMPANY LIMITED |
COMPANY INFORMATION |
for the Year Ended 31st December 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Ossington Chambers |
6-8 Castle Gate |
Newark |
Nottinghamshire |
NG24 1AX |
MILLERS MEAD (SNETTISHAM) RESIDENTS |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 06460856) |
REPORT OF THE DIRECTORS |
for the Year Ended 31st December 2024 |
The directors present their report with the financial statements of the company for the year ended 31st December 2024. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1st January 2024 to the date of this report. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
MILLERS MEAD (SNETTISHAM) RESIDENTS |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 06460856) |
INCOME STATEMENT |
for the Year Ended 31st December 2024 |
31/12/24 | 31/12/23 |
Notes | £ | £ |
INCOME |
Service Charge Expenditure |
OPERATING SURPLUS and |
SURPLUS BEFORE TAXATION |
Tax on surplus | 4 |
SURPLUS FOR THE FINANCIAL YEAR |
MILLERS MEAD (SNETTISHAM) RESIDENTS |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 06460856) |
BALANCE SHEET |
31st December 2024 |
31/12/24 | 31/12/23 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES | - | - |
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 surplus or deficit 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 |
MILLERS MEAD (SNETTISHAM) RESIDENTS |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 06460856) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2024 |
1. | STATUTORY INFORMATION |
Millers Mead (Snettisham) Residents Management Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
In line with recent guidance issued by the Financial Reporting Council the company acts as principal in relation to service charge transactions and hence these are included within the Income Statement. Cash balances and other assets representing service charge monies are held by the company on trust and hence within the Balance Sheet are offset by a corresponding amount within creditors. |
Income |
Income represents service charge contributions receivable which are held on trust and therefore do not constitute turnover. |
Presentation of the income statement |
The presentation of the Income Statement on page 3 has been modified from the prescribed format for company accounts in order to provide more information relating to the expenditure of the company. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TAXATION |
Analysis of the tax charge |
No liability to UK corporation tax arose for the year ended 31st December 2024 nor for the year ended 31st December 2023. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/24 | 31/12/23 |
£ | £ |
Trade debtors |
Prepayments |
MILLERS MEAD (SNETTISHAM) RESIDENTS |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 06460856) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/24 | 31/12/23 |
£ | £ |
Other creditors |
Accrued expenses |
7. | RESERVES |
Income |
and |
expenditure |
account |
£ |
Surplus for the year |
At 31st December 2024 |
8. | LIMITED BY GUARANTEE |
The liability of the members of the company is limited by guarantee to £10 each. |