Kingshill Court Management Company Limited
Notes to the Financial Statements
For the year ended 30 September 2024
Kingshill Court Management Company Limited is a private company limited by share capital incorporated in England, registered number 04309660. The address of the registered office is 6 Oldfield Road, Salford, Manchester, M5 4WB.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Revenue is recognised in the period management fees fall due.
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The average monthly number of employees, including directors, during the year was 4 (2023 - 4).
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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