Registered number
02384730
Hadleigh Court Management Company Limited
Filleted Accounts
30 September 2024
Hadleigh Court Management Company Limited
Registered number: 02384730
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed Assets
Tangible Assets 3 3,988 4,314
Current Assets
Debtors 4 4,286 5,108
Bank and Cash 19,972 15,571
24,258 20,679
Creditors: Due Within One Year 5 (1,242) (1,337)
Net Current Assets 23,016 19,342
Net Assets 27,004 23,656
Capital and Reserves
Called up Share Capital 19 19
Sinking Fund 6 55,058 55,058
Profit and Loss Account (28,073) (31,421)
Shareholders' funds 27,004 23,656
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.
_______________________
Mr C Tsouloupas
Director
Approved by the board on 11 March 2025
Hadleigh Court Management Company Limited
Notes to the Accounts
for the year ended 30 September 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 the service charge due from the residents in the year
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 Property on a 2% reducing balance
Plant & Equipment on a 15% reducing balance
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible Fixed Assets
Land and buildings Plant and Equipment Total
£ £ £
Cost
At 1 October 2023 4,785 10,487 15,272
At 30 September 2024 4,785 10,487 15,272
Depreciation
At 1 October 2023 2,318 8,640 10,958
Charge for the year 49 277 326
At 30 September 2024 2,367 8,917 11,284
Net book value
At 30 September 2024 2,418 1,570 3,988
At 30 September 2023 2,467 1,847 4,314
4 Debtors 2024 2023
£ £
Trade Debtors 3,623 4,445
Other Debtors 663 663
4,286 5,108
5 Creditors: Due Within One Year 2024 2023
£ £
Other Creditors 1,242 1,337
6 Sinking Fund 2024 2023
£ £
At 1 October 2023 55,058 55,058
At 30 September 2024 55,058 55,058
7 Other information
Hadleigh Court Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Clyde Road
Wallington
Surrey
SM6 8PZ
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