Needham Court Management Company Ltd |
|
Report to the directors on the preparation of the unaudited statutory accounts of Needham Court Management Company Ltd for the year ended 31 May 2024 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Needham Court Management Company Ltd for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ |
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
CALM Accounting |
Chartered Certified Accountants |
Low Cottage |
10 Low Cross |
Whittlesey |
Peterborough |
PE7 1HW |
|
27 February 2025 |
|
Needham Court Management Company Ltd |
Registered number: |
06593857 |
Balance Sheet |
as at 31 May 2024 |
|
|
Notes |
|
|
2024 |
|
|
2023 |
|
£ |
£ |
Current assets |
Debtors |
3 |
|
869 |
|
|
765 |
Cash at bank and in hand |
|
|
10,079 |
|
|
10,319 |
|
|
|
10,948 |
|
|
11,084 |
|
Creditors: amounts falling due within one year |
4 |
|
(244) |
|
|
(220) |
|
Net current assets |
|
|
|
10,704 |
|
|
10,864 |
|
Net assets |
|
|
|
10,704 |
|
|
10,864 |
|
|
|
|
|
|
|
|
Capital and reserves |
Profit and loss account |
|
|
|
10,704 |
|
|
10,864 |
|
Shareholders' funds |
|
|
|
10,704 |
|
|
10,864 |
|
|
|
|
|
|
|
|
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 W Mason |
Director |
Approved by the board on 27 February 2025 |
|
Needham Court Management Company Ltd |
Notes to the Accounts |
for the year ended 31 May 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
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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 represents management fees receivable from the residents of the properties who share the common areas of Needham Court. |
|
|
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. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Other debtors |
869 |
|
765 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Other creditors |
244 |
|
220 |
|
|
|
|
|
|
|
|
|
|
5 |
Other information |
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The Company is a private company limited by guarantee and incorporated in England. As the Company does not have share capital each of the members is liable to contribute an amount not exceeding £1 towards the asets of the company in the event of liquidation. The registered office of the Comapny is: |
|
9 Needham Court |
|
Yaxley |
|
Peterborough |
|
PE7 3LE |