The Topiary (Chineham) Management Company Limited Accounts Cover |
Company No. 02198194 | |||||||||
Elwood Accountancy Limited |
The Topiary (Chineham) Management Company Limited Contents |
Pages | |||||||||
Company Information | 2 | ||||||||
Directors' Report | 3 | ||||||||
Accountant's Report | 4 | ||||||||
Income and Expenditure Account | 5 | ||||||||
Statement of Comprehensive Income | 6 | ||||||||
Balance Sheet | 7 | ||||||||
Statement of Changes in Equity | 8 | ||||||||
Notes to the Accounts | 9 to 10 | ||||||||
The Topiary (Chineham) Management Company Limited Company Information |
Directors | |||||||||
Secretary | |||||||||
Registered Office | |||||||||
Accountants | |||||||||
3 Goodwin Close | |||||||||
Calcot | |||||||||
Berkshire | |||||||||
RG31 7ZW |
The Topiary (Chineham) Management Company Limited Directors Report |
The Directors present their report and the accounts for the year ended 31 December 2024. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
(Resigned 20 May 2024) | |||||||||
Signed on behalf of the board | |||||||||
N. Lambert | |||||||||
Director | |||||||||
20 January 2025 |
The Topiary (Chineham) Management Company Limited Accountants Report ICAEW |
Chartered Accountant's Report to the Board of Directors of The Topiary (Chineham) Management Company Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2024 | |||||||||
In order to assist you to fulfil your duties under the Companies Act 2006 , we have prepared for your approval the accounts of The Topiary (Chineham) Management Company Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the Notes to the Accounts from the company's accounting records and from information and explanations you have given us. | |||||||||
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. | |||||||||
This report is made solely to the Board of Directors of The Topiary (Chineham) Management Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Topiary (Chineham) Management Company Limited and state those matters that we have agreed to state to the Board of Directors of The Topiary (Chineham) Management Company Limited, as a body, in this report in accordance with AAF 07/16 as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Topiary (Chineham) Management Company Limited and its Board of Directors as a body for our work or for this report. | |||||||||
It is your duty to ensure that The Topiary (Chineham) Management Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and deficit of The Topiary (Chineham) Management Company Limited. You consider that The Topiary (Chineham) Management Company Limited is exempt from the statutory audit requirement for the year. | |||||||||
Chartered Accountants | |||||||||
3 Goodwin Close | |||||||||
Calcot | |||||||||
Berkshire | |||||||||
RG31 7ZW | |||||||||
The Topiary (Chineham) Management Company Limited Income and Expenditure Account |
for the year ended 31 December 2024 | ||||||||||
2024 | 2023 | |||||||||
£ | £ | |||||||||
Turnover | ||||||||||
Administrative expenses | ( | ( | ||||||||
Operating deficit | ( | ( | ||||||||
Other interest receivable | ||||||||||
Deficit on ordinary activities before taxation | ( | ( | ||||||||
Taxation | ||||||||||
Deficit for the financial year after taxation | ( | ( | ||||||||
The Topiary (Chineham) Management Company Limited Statement of Comprehensive Income |
STATEMENT OF COMPREHENSIVE INCOME | ||||||||||
for the year ended 31 December 2024 | ||||||||||
2024 | 2023 | |||||||||
£ | £ | |||||||||
Loss for the financial year after taxation | ( | ( | ||||||||
Total comprehensive income for the period | ( | ( | ||||||||
The Topiary (Chineham) Management Company Limited Balance Sheet |
at | ||||||||||
Company No. | Notes | 2024 | 2023 | |||||||
£ | £ | |||||||||
Current assets | ||||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 4 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Net assets | ||||||||||
Reserves | ||||||||||
Income and expenditure account | 5 | |||||||||
Total equity | ||||||||||
Approved by the board on 31 December 2024 and signed on its behalf by: | ||||||||||
N. Lambert | ||||||||||
Director | ||||||||||
20 January 2025 |
The Topiary (Chineham) Management Company Limited Statement of Changes in Equity |
for the year ended 31 December 2024 | ||||||||||
Income and Expenditure Account | Total equity | |||||||||
£ | £ | |||||||||
At 1 January 2023 | 11,985 | 11,985 | ||||||||
Deficit for the year | ( | (3,199) | ||||||||
At 31 December 2023 and 1 January 2024 | ||||||||||
Deficit for the year | ( | ( | ||||||||
At 31 December 2024 | ||||||||||
The Topiary (Chineham) Management Company Limited Notes to the Accounts |
for the year ended 31 December 2024 | ||||||||||||||||
1 | General information | |||||||||||||||
The Topiary (Chineham) Management Company Limited is a private company limited by guarantee and incorporated in England and Wales. | ||||||||||||||||
Its registered number is: 02198194 | ||||||||||||||||
Its registered office is: | ||||||||||||||||
2 | Accounting policies | |||||||||||||||
Turnover | ||||||||||||||||
value added taxes. Turnover includes management fees receivable from residents covering each accounting year. Where fees are received in advance of the financial year to which they relate, they are recognised as deferred income on the balance sheet and the revenue is only included in the income figure for the year to which they relate. | ||||||||||||||||
Taxation | ||||||||||||||||
No UK Corporation Tax is payable. The company operates for the mutual benefit and business is not carried on with a view to making a profit. | ||||||||||||||||
Trade and other debtors | ||||||||||||||||
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. | ||||||||||||||||
Trade and other creditors | ||||||||||||||||
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. | ||||||||||||||||
Provisions | ||||||||||||||||
Provisions are charged as an expense to the income and expenditure account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||||
3 | Employees | |||||||||||||||
2024 | 2023 | |||||||||||||||
Number | Number | |||||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||||
4 | Creditors: | |||||||||||||||
amounts falling due within one year | ||||||||||||||||
2024 | 2023 | |||||||||||||||
£ | £ | |||||||||||||||
Accruals and deferred income | ||||||||||||||||
5 | Reserves | |||||||||||||||