SEAFORTH LODGE MANAGEMENT COMPANY (SEATON) LIMITED

Company limited by guarantee

Company Registration Number:
01929267 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

SEAFORTH LODGE MANAGEMENT COMPANY (SEATON) LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SEAFORTH LODGE MANAGEMENT COMPANY (SEATON) LIMITED

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal activities of the company

The principal activity of the company continued to be that of the management of a residential property comprising of eight flats.



Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

Richard Miller
David Aplin
Elizabeth Ryland
Oliver Heaton
Don Andres
Malcolm Goss


Secretary Lucy Aplin

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
11 August 2024

And signed on behalf of the board by:
Name: Oliver Heaton
Status: Director

SEAFORTH LODGE MANAGEMENT COMPANY (SEATON) LIMITED

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 44,322 11,906
Gross profit(or loss): 44,322 11,906
Administrative expenses: ( 39,835 ) ( 9,459 )
Operating profit(or loss): 4,487 2,447
Interest receivable and similar income: 65 3
Profit(or loss) before tax: 4,552 2,450
Profit(or loss) for the financial year: 4,552 2,450

SEAFORTH LODGE MANAGEMENT COMPANY (SEATON) LIMITED

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,020 1,074
Total fixed assets: 1,020 1,074
Current assets
Debtors: 4 11,184 4,926
Cash at bank and in hand: 23,169 27,131
Total current assets: 34,353 32,057
Creditors: amounts falling due within one year: 5 ( 40 ) ( 2,350 )
Net current assets (liabilities): 34,313 29,707
Total assets less current liabilities: 35,333 30,781
Total net assets (liabilities): 35,333 30,781
Members' funds
Profit and loss account: 35,333 30,781
Total members' funds: 35,333 30,781

The notes form part of these financial statements

SEAFORTH LODGE MANAGEMENT COMPANY (SEATON) LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 August 2024
and signed on behalf of the board by:

Name: Oliver Heaton
Status: Director

The notes form part of these financial statements

SEAFORTH LODGE MANAGEMENT COMPANY (SEATON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents ground rents and maintenance contributions receivable from the members.

    Tangible fixed assets depreciation policy

    Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Land and buildings Freehold - 5% on reducing balance Fixtures, fittings and equipment - 15% on reducing balance

SEAFORTH LODGE MANAGEMENT COMPANY (SEATON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

SEAFORTH LODGE MANAGEMENT COMPANY (SEATON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 7,513 303 7,816
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 7,513 303 7,816
Depreciation
At 1 June 2023 6,439 303 6,742
Charge for year 54 54
On disposals
Other adjustments
At 31 May 2024 6,493 303 6,796
Net book value
At 31 May 2024 1,020 0 1,020
At 31 May 2023 1,074 0 1,074

SEAFORTH LODGE MANAGEMENT COMPANY (SEATON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 2,451 2,156
Other debtors 8,733 2,770
Total 11,184 4,926

SEAFORTH LODGE MANAGEMENT COMPANY (SEATON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 40 2,350
Total 40 2,350