Registered number
01271540
BILLET COURT (BERKHAMSTED) MANAGEMENT COMPANY LIMITED
Filleted Accounts
30 April 2024
BILLET COURT (BERKHAMSTED) MANAGEMENT COMPANY LIMITED
Registered number: 01271540
Statement of Financial Position
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,608 7,608
Current assets
Debtors 4 7,433 7,560
Cash at bank and in hand 13,211 5,822
20,644 13,382
Creditors: amounts falling due within one year 5 (8,796) (7,032)
Net current assets 11,848 6,350
Net assets 19,456 13,958
Capital and reserves
Called up share capital 321 321
Property maintenance reserve 6 30,163 26,663
Profit and loss account (11,028) (13,026)
Shareholders' funds 19,456 13,958
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. The profit and loss account has not been delivered to the Registrar of Companies.
D Lamb
Director
Approved by the board on 31 October 2024
BILLET COURT (BERKHAMSTED) MANAGEMENT COMPANY LIMITED
Notes to the Accounts
for the year ended 30 April 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings
The buildings are not depreciated, as they are maintained to such a standard as to ensure the market value is always in excess of cost or net book value
Fixtures, fittings, tools and equipment over 4 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 7,607 172 7,779
At 30 April 2024 7,607 172 7,779
Depreciation
At 1 May 2023 - 171 171
At 30 April 2024 - 171 171
Net book value
At 30 April 2024 7,607 1 7,608
At 30 April 2023 7,607 1 7,608
4 Debtors 2024 2023
£ £
Trade debtors 426 887
Other debtors 7,007 6,673
7,433 7,560
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,046 3,882
Other creditors 750 3,150
8,796 7,032
6 Property maintenance reserve 2024 2023
£ £
At 1 May 2023 26,663 23,163
Transfer from profit and loss account 3,500 3,500
At 30 April 2024 30,163 26,663
B/fwd Increase Decrease Balance
Roof 23,163 3,000 26,163
Car park & Carpets 3,500 500 - 4,000
26,663 3,500 - 30,163
7 Related party transactions
The Company trades solely with its Members, each of whom owns 1/16th of the Ordinary Share Capital of the Company. Each Member is charged annually for service charges, 2024- £1,740 (2023- £1,620). There are no other related party transactions to disclose.
8 Controlling party
The Company is controlled by its Members, a full list of the members is available at Companies House.
9 Other information
BILLET COURT (BERKHAMSTED) MANAGEMENT COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
147 Hempstead Road
Watford
Herts
WD17 3HF
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