Matrow Court Management Company Limited 07094677 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is to receive contributions from the owners of flats in the development known as Matrow Court, High Street, Warmley, South Gloucestershire and to use those contributions for the maintenance of common parts and associated activities. Digita Accounts Production Advanced 6.30.9574.0 true true 07094677 2023-09-01 2024-08-31 07094677 2024-08-31 07094677 core:CurrentFinancialInstruments 2024-08-31 07094677 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 07094677 core:LandBuildings 2024-08-31 07094677 bus:SmallEntities 2023-09-01 2024-08-31 07094677 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 07094677 bus:FilletedAccounts 2023-09-01 2024-08-31 07094677 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07094677 bus:RegisteredOffice 2023-09-01 2024-08-31 07094677 bus:CompanySecretaryDirector1 2023-09-01 2024-08-31 07094677 bus:Director3 2023-09-01 2024-08-31 07094677 bus:Director4 2023-09-01 2024-08-31 07094677 bus:Director5 2023-09-01 2024-08-31 07094677 bus:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 07094677 core:LandBuildings 2023-09-01 2024-08-31 07094677 countries:EnglandWales 2023-09-01 2024-08-31 07094677 2023-08-31 07094677 core:LandBuildings 2023-08-31 07094677 2022-09-01 2023-08-31 07094677 2023-08-31 07094677 core:CurrentFinancialInstruments 2023-08-31 07094677 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 07094677 core:LandBuildings 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 07094677

Matrow Court Management Company Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Matrow Court Management Company Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Matrow Court Management Company Limited

Company Information

Directors

L Willcox

D Iles

M Welch

D Farmiloe

Company secretary

L Willcox

Registered office

Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

Accountants

Ross & Partners (Bristol) Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

 

Matrow Court Management Company Limited

(Registration number: 07094677)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1

1

Current assets

 

Debtors

5

919

1,453

Cash at bank and in hand

 

5,189

4,520

 

6,108

5,973

Creditors: Amounts falling due within one year

6

(731)

(545)

Net current assets

 

5,377

5,428

Net assets

 

5,378

5,429

Reserves

 

Retained earnings

5,378

5,429

Surplus

 

5,378

5,429

For the financial year ending 31 August 2024 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.

 

Matrow Court Management Company Limited

(Registration number: 07094677)
Balance Sheet as at 31 August 2024

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 January 2025 and signed on its behalf by:
 

.........................................
L Willcox
Company secretary and director

.........................................
D Iles
Director

 

Matrow Court Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

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

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Contributions represent the amount payable by leaseholders for the provision of communal services.

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

Not charged

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.

 

Matrow Court Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 September 2023

1

1

At 31 August 2024

1

1

Depreciation

Carrying amount

At 31 August 2024

1

1

At 31 August 2023

1

1

Included within the net book value of land and buildings above is £1 (2023 - £1) in respect of freehold land and buildings.
 

 

Matrow Court Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Debtors

Current

2024
£

2023
£

Prepayments

919

1,443

Other debtors

-

10

 

919

1,453

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

731

545