REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 JUNE 2024 |
FOR |
MILLBANK MANAGEMENT (MARLOW) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 JUNE 2024 |
FOR |
MILLBANK MANAGEMENT (MARLOW) LIMITED |
MILLBANK MANAGEMENT (MARLOW) LIMITED (REGISTERED NUMBER: 01919691) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 JUNE 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
MILLBANK MANAGEMENT (MARLOW) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 24 JUNE 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Mercury House |
19-21 Chapel Street |
Marlow |
Buckinghamshire |
SL7 3HN |
MILLBANK MANAGEMENT (MARLOW) LIMITED (REGISTERED NUMBER: 01919691) |
BALANCE SHEET |
24 JUNE 2024 |
24.6.24 | 24.6.23 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account | 6 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
MILLBANK MANAGEMENT (MARLOW) LIMITED (REGISTERED NUMBER: 01919691) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 JUNE 2024 |
1. | STATUTORY INFORMATION |
Millbank Management (Marlow) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the collection of services charges, value added tax is not applicable. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
24.6.24 | 24.6.23 |
£ | £ |
Insurance prepayment |
Maintenance prepayment |
Loan to Landcroft Ltd | 687 | 687 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
24.6.24 | 24.6.23 |
£ | £ |
Accountancy |
Trust and Estate tax |
Loan from Landcroft Ltd | 360 | 360 |
6. | RESERVES |
Reserves as at 24 June | 2024 | 2023 |
General reserves | £13,135 | £22,616 |
Due from Landcroft Limited | £687 | £,687 |
Total | £13,822 | £23,303 |
Lift fund | £14,571 | £13,565 |
Total reserves | £28,393 | £36,868 |
7. | ULTIMATE CONTROLLING PARTY |
The company is limited by guarantee and does not have share capital. Therefore there is no ultimate controlling party. |
MILLBANK MANAGEMENT (MARLOW) LIMITED (REGISTERED NUMBER: 01919691) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 24 JUNE 2024 |
8. | LOAN TO LANDCROFT |
Costs of £9,722 were incurred in acquiring a strip of land in 2011. These costs were paid by Millbank Management (Marlow) Ltd on behalf of Landcroft Ltd. Ownership of Landcroft Ltd is held equally among the 14 shareholders. The funds used by Millbank Management (Marlow) Ltd for this acquisition were not raised in the same equal proportions. This has caused different amounts to be borne by each participant in Millbank Management (Marlow) Ltd. To resolve the discrepancy, and after taking professional advice, the directors reduced the 2017/18 service charge and requested shareholders repay equal £695 shares of the £9,722 loan. All shareholders did so except flats 1 and 5. In 2021, the balance due from flat 5 was deemed irrecoverable and the outstanding loan was therefore £687 at the year end. |