Registered number
06593857
Needham Court Management Company Ltd
Report and Accounts
31 May 2024
CALM Accounting
Chartered Certified Accountants
Low Cottage, 10 Low Cross, Whittlesey, Peterborough, PE7 1HW
CALM Accounting is a trading name of C.A.L.M Business Developments Ltd
Reg. in England & Wales 05238216
Needham Court Management Company Ltd
Registered number: 06593857
Directors' Report
The directors present their report and accounts for the year ended 31 May 2024.
Principal activities
The company's principal activity during the year continued to be the management of common areas of Needham Court.
Directors
The following persons served as directors during the year:
D W Mason
C T Richards
H E Parry
M R Williams
C Booth
H Copeland
P Connolly (resigned 12 April 2024)
S B Emsall
A Terrell
G Vijayaraghavan
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 27 February 2025 and signed on its behalf.
D W Mason
Director
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
Profit and Loss Account
for the year ended 31 May 2024
2024 2023
£ £
Turnover 1,600 1,550
Administrative expenses (1,760) (1,056)
Operating (loss)/profit (160) 494
(Loss)/profit before taxation (160) 494
Tax on (loss)/profit - -
(Loss)/profit for the financial year (160) 494
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
Statement of Changes in Equity
for the year ended 31 May 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 June 2022 - - - 10,370 10,370
Profit for the financial year 494 494
At 31 May 2023 - - - 10,864 10,864
At 1 June 2023 - - - 10,864 10,864
Loss for the financial year (160) (160)
At 31 May 2024 - - - 10,704 10,704
Needham Court Management Company Ltd
Notes to the Accounts
for the year ended 31 May 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 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
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
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