Ordnance Court Management Company Limited 03116540 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the management of the estate at The Courtyard, Ordnance Court, Hilsea, Portsmouth. Expenditure incurred is recharged to tenants by way of service charges and the company does not seek to make a profit Digita Accounts Production Advanced 6.30.9574.0 true 03116540 2023-01-01 2023-12-31 03116540 2023-12-31 03116540 bus:OrdinaryShareClass1 2023-12-31 03116540 core:OtherReservesSubtotal 2023-12-31 03116540 core:ShareCapital 2023-12-31 03116540 core:CurrentFinancialInstruments 2023-12-31 03116540 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03116540 core:LandBuildings 2023-12-31 03116540 bus:SmallEntities 2023-01-01 2023-12-31 03116540 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03116540 bus:FilletedAccounts 2023-01-01 2023-12-31 03116540 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03116540 bus:RegisteredOffice 2023-01-01 2023-12-31 03116540 bus:Director2 2023-01-01 2023-12-31 03116540 bus:Director3 2023-01-01 2023-12-31 03116540 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 03116540 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03116540 core:LandBuildings 2023-01-01 2023-12-31 03116540 countries:England 2023-01-01 2023-12-31 03116540 2022-12-31 03116540 core:LandBuildings 2022-12-31 03116540 2022-01-01 2022-12-31 03116540 2022-12-31 03116540 bus:OrdinaryShareClass1 2022-12-31 03116540 core:OtherReservesSubtotal 2022-12-31 03116540 core:ShareCapital 2022-12-31 03116540 core:CurrentFinancialInstruments 2022-12-31 03116540 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 03116540 core:LandBuildings 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03116540

Ordnance Court Management Company Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Ordnance Court Management Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Ordnance Court Management Company Limited

Company Information

Directors

Ms Estelle Lumb

Ms MA Richardson

Registered office

31 Hollow Lane
Hayling Island
Hampshire, United Kingdom
Hampshire, United Kingdom
Hampshire
PO11 9EX

Accountants

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Ordnance Court Management Company Limited

(Registration number: 03116540)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1

1

Current assets

 

Debtors

5

98,288

77,240

Cash at bank and in hand

 

6,651

16,030

 

104,939

93,270

Creditors: Amounts falling due within one year

6

(81,914)

(67,853)

Net current assets

 

23,025

25,417

Net assets

 

23,026

25,418

Capital and reserves

 

Called up share capital

7

2

2

Other reserves

23,024

25,416

Shareholders' funds

 

23,026

25,418

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 February 2025 and signed on its behalf by:
 

.........................................
Ms MA Richardson
Director

 

Ordnance Court Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
31 Hollow Lane
Hayling Island
Hampshire, United Kingdom
Hampshire, United Kingdom
Hampshire
PO11 9EX
United Kingdom

The principal place of business is:
1 Artillery Row
Ackworth Road Trading Estate
Hilsea
Portsmouth
PO3 5HU

These financial statements were authorised for issue by the Board on 13 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

 

Ordnance Court Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

no depreciation

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Ordnance Court Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2023

1

1

At 31 December 2023

1

1

Depreciation

Carrying amount

At 31 December 2023

1

1

At 31 December 2022

1

1

Included within the net book value of land and buildings above is £1 (2022 - £1) in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

2022
£

Trade debtors

97,423

77,240

Other debtors

865

-

 

98,288

77,240

 

Ordnance Court Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

78,814

65,030

Taxation and social security

-

153

Accruals and deferred income

1,331

901

Other creditors

1,769

1,769

81,914

67,853

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

2

2

2

2