BHSE CHILTERNS STOKENCHURCH MANAGEMENT COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
Company Registration Number: 05891073
BHSE CHILTERNS STOKENCHURCH MANAGEMENT COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
CONTENTS PAGES
Company information 1
Balance sheet 2 to 3
Notes to the financial statements 4 to 6
BHSE CHILTERNS STOKENCHURCH MANAGEMENT COMPANY LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024
DIRECTOR
K Johnson
REGISTERED OFFICE
Evidence House
7 Stokenchurch Business Park
Ibstone Road
Stokenchurch
Buckinghamshire
HP14 3FE
COMPANY REGISTRATION NUMBER
05891073 England and Wales
BHSE CHILTERNS STOKENCHURCH MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
Notes 2024 2023
£ £
CURRENT ASSETS
Debtors 5 8,849 8,074
Cash at bank and in hand 35,133 21,365
43,982 29,439
CREDITORS: Amounts falling due within one year 6 30,007 24,027
NET CURRENT ASSETS 13,975 5,412
NET ASSETS 13,975 5,412
CAPITAL AND RESERVES
Called up share capital 16 16
Income and expenditure account 5,244 (3,319)
Major repair reserve 8,715 8,715
13,975 5,412
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
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.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board
K Johnson
Director
Date approved by the board: 21 March 2025
BHSE CHILTERNS STOKENCHURCH MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1 GENERAL INFORMATION
BHSE Chilterns Stokenchurch Management Company Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Evidence House
7 Stokenchurch Business Park
Ibstone Road
Stokenchurch
Buckinghamshire
HP14 3FE
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Revenue recognition
Income is measured at the fair value of consideration received or receivable. It is recognised in respect of property maintenance services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.
The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.
Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.
4 EMPLOYEES
The average number of persons employed by the company (including directors) during the year was:
2024 2023
Average number of employees 1 1
5 DEBTORS
2024 2023
£ £
Trade debtors - 3,448
Prepayments and accrued income 8,788 2,883
Other debtors 61 1,743
8,849 8,074
6 CREDITORS: Amounts falling due within one year
2024 2023
£ £
Trade creditors 9,224 7,596
Accruals and deferred income 14,977 15,261
Other creditors 5,806 1,170
30,007 24,027
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