Registered number
05150409
Baden Powell Court Management Company Limited
Report and Accounts
24 June 2024
Baden Powell Court Management Company Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7
Baden Powell Court Management Company Limited
Company Information
Directors
Mr D B S Coakley
Mr T G Soudan
Accountants
A&G Accountants
36 Moulsham Lane
Yateley
Hampshire
GU46 7QY
Registered office
1 Baden Powell Court
Charterhouse Road
Godalming
Surrey
GU7 2AW
Registered number
05150409
Baden Powell Court Management Company Limited
Registered number: 05150409
Directors' Report
The directors present their report and accounts for the year ended 24 June 2024.
Principal activities
The company's principal activity during the year continued to be the management and adminstration of Baden Powell Court, Charterhouse Road, Godalming, Surrey, GU7 2AW.
Directors
The following persons served as directors during the year:
Mr D B S Coakley
Mr T G Soudan
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 24 March 2025 and signed on its behalf.
Mr T G Soudan
Director
Baden Powell Court Management Company Limited
Accountants' Report
Accountants' report to the directors of
Baden Powell Court Management Company Limited
You consider that the company is exempt from an audit for the year ended 24 June 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
A&G Accountants
Accountants
36 Moulsham Lane
Yateley
Hampshire
GU46 7QY
24 March 2025
Baden Powell Court Management Company Limited
Profit and Loss Account
for the year ended 24 June 2024
2024 2023
£ £
Turnover 14,375 17,550
Administrative expenses (16,237) (15,643)
Operating (loss)/profit (1,862) 1,907
(Loss)/profit before taxation (1,862) 1,907
Tax on (loss)/profit - -
Surplus/(deficit) for the year (1,862) 1,907
Baden Powell Court Management Company Limited
Registered number: 05150409
Balance Sheet
as at 24 June 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 22,575 20,931
Cash at bank and in hand 2,264 5,757
24,839 26,688
Creditors: amounts falling due within one year 4 (392) (379)
Net current assets 24,447 26,309
Net assets 24,447 26,309
Capital and reserves
Called up share capital 1,401 1,401
Profit and loss account 23,046 24,908
Shareholders' funds 24,447 26,309
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 T G Soudan
Director
Approved by the board on 24 March 2025
Baden Powell Court Management Company Limited
Statement of Changes in Equity
for the year ended 24 June 2024
Share Profit Total
capital and loss
account
£ £ £
At 25 June 2022 1,401 23,001 24,402
Surplus for the financial year 1,907 1,907
At 24 June 2023 1,401 24,908 26,309
At 25 June 2023 1,401 24,908 26,309
Loss for the financial year (1,862) (1,862)
At 24 June 2024 1,401 23,046 24,447
Share capital consists of 14 ordinary shares of £100 each and 5 founder share of £0.20 and are
issued, allotted and fully paid
Baden Powell Court Management Company Limited
Notes to the Accounts
for the year ended 24 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 the amount of maintenance contributions and sundry fees receivable from the residents and property owners in the year. The minimum maintenance contributions are laid down in the lease between each flat-owner and the freeholder. Additional maintenance contributions may be levied when considered necessary by the board.
Major maintenance reserve fund
The Major Maintenance Reserve Fund is intended to cover the costs of substantial periodic works to the property. The current annual minimum target contribution to the fund is 1/6 of 1% of the insured rebuild costs with an initial target balance of 2.5% of the insured rebuild cost within 10 years. The current insured rebuild cost is £2,834,000 (2023 - £2,834,000) generating a contribution of £4,723 (2023 - £4,723) and a target amount of £70,850. This target figure will be affected by inflation. Thereafter, depending on how pronounced the obsolescence of the property becomes, a target of 5% of the insured rebuild costs will be set. In order to achieve this, it is anticipated that the annual maintenance contributions will be increased from the current levels. Thereafter a rolling target balance will be maintained with outflows from the fund generally matching inflows. The fund is not repayable to members or ex-members. In 2020 a major outlay in the region of £46,000 on roof repairs was paid out, therefore the reserve will need to be replenished.
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
The company is a flat management company and as such only charges corporation tax on any investment income.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Trade debtors 20,425 18,940
Other debtors 2,150 1,991
22,575 20,931
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 392 379
5 Other information
Baden Powell Court Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Baden Powell Court
Charterhouse Road
Godalming
Surrey
GU7 2AW
The functional currency for these accounts is Sterling.
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