CARRINGTON PLACE (ESHER) MANAGEMENT COMPANY LIMITED |
Registered number: |
02889939 |
Balance Sheet |
as at 30 June 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
21,001 |
|
|
21,001 |
Investments |
4 |
|
|
210 |
|
|
210 |
|
|
|
|
21,211 |
|
|
21,211 |
|
Current assets |
Debtors |
5 |
|
8,949 |
|
|
7,685 |
Cash at bank and in hand |
|
|
43,609 |
|
|
51,204 |
|
|
|
52,558 |
|
|
58,889 |
|
Creditors: amounts falling due within one year |
6 |
|
(28,516) |
|
|
(16,777) |
|
Net current assets |
|
|
|
24,042 |
|
|
42,112 |
|
Total assets less current liabilities |
|
|
|
45,253 |
|
|
63,323 |
|
Creditors: amounts falling due after more than one year |
7 |
|
|
(61,002) |
|
|
(61,579) |
|
|
|
Net (liabilities)/assets |
|
|
|
(15,749) |
|
|
1,744 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
230 |
|
|
230 |
Profit and loss account |
|
|
|
(15,979) |
|
|
1,514 |
|
Shareholders' funds |
|
|
|
(15,749) |
|
|
1,744 |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
A W SINTON |
Director |
Approved by the board on 18 November 2024 |
|
CARRINGTON PLACE (ESHER) MANAGEMENT COMPANY LIMITED |
Notes to the Accounts |
for the year ended 30 June 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 measured at the fair value of the consideration received or receivable in respect of service charges rendered and associated or sundry income. Service charges are set annually and are intended to recover the expenditure incurred by the company in maintaining and insuring the company's grounds and common parts of the property. |
|
|
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 buildings |
Nil |
|
Plant and machinery |
10% on cost |
|
|
Investments |
|
Investments are measured at cost less any accumulated impairment losses. |
|
|
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. |
|
|
Prior year adjustment |
|
The company has historically reported the Reserve Fund as "other reserves" but on the basis this is in substance an advance from leaseholders for future improvements and maintenance of a non-recurring nature, this has been reclassified as "amounts falling due after more than one year". The company has restated the balance so that it matches the sum held in the Reserve Fund bank account. The prior year comparative has been restated so that it corresponds to the updated accounting presentation. As a result in the balance sheet as of 30 June 2023 the amounts falling due after more than one year have increased by £40,579 and the net assets have reduced to £1,744. |
|
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 machinery etc |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 July 2023 |
21,000 |
|
1,905 |
|
22,905 |
|
At 30 June 2024 |
21,000 |
|
1,905 |
|
22,905 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2023 |
- |
|
1,904 |
|
1,904 |
|
At 30 June 2024 |
- |
|
1,904 |
|
1,904 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2024 |
21,000 |
|
1 |
|
21,001 |
|
At 30 June 2023 |
21,000 |
|
1 |
|
21,001 |
|
|
4 |
Investments |
|
Other |
investments |
£ |
|
Cost |
|
At 1 July 2023 |
210 |
|
|
At 30 June 2024 |
210 |
|
|
5 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Prepayments and accrued income |
|
|
8,949 |
|
6,685 |
|
BA loan account |
|
|
|
|
- |
|
1,000 |
|
|
|
|
|
|
8,949 |
|
7,685 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
27,751 |
|
14,175 |
|
Taxation on bank interest |
225 |
|
142 |
|
Accruals and deferred income |
540 |
|
2,460 |
|
|
|
|
|
|
28,516 |
|
16,777 |
|
|
|
|
|
|
|
|
|
|
7 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Members contributions to purchase of freehold |
21,000 |
|
21,000 |
|
Members contributions to the Reserve Fund |
40,002 |
|
40,579 |
|
|
|
|
|
|
61,002 |
|
61,579 |
|
|
|
|
|
|
|
|
|
|
8 |
Events after the balance sheet date |
|
After the year-end but before these financial statements for the year ended 30 June 2024 were approved, in the ordinary course of business, the company raised invoices amounting to £47,250 which represents half of the annual service charge payable to the company by the leaseholders. |
|
|
Additionally, as an exceptional matter the company raised invoices amounting to £46,032 as an Exraordinary Charge to contribute to maintenance and as part of a long-term plan to replenish the Reserve Fund bank account. |
|
|
As of the date of approval of these financial statements, 100% of the amounts invoiced as outlined above have been settled. |
|
9 |
Other information |
|
|
CARRINGTON PLACE (ESHER) MANAGEMENT COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is Dawes Court House, Dawes Court, High Street, Esher, KT10 9QD. |