Registered number
03868049
Ludcombe Extension Management Company Limited
Filleted Accounts
31 December 2024
Ludcombe Extension Management Company Limited
Registered number: 03868049
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 329 -
Cash at bank and in hand 5,152 4,742
5,481 4,742
Creditors: amounts falling due within one year 4 (878) (711)
Net current assets 4,603 4,031
Total assets less current liabilities 4,603 4,031
Capital and reserves
Called up share capital 7 7
Profit and loss account 4,596 4,024
Shareholders' funds 4,603 4,031
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 statement of income and retained earnings has not been delivered to the Registrar of Companies.
……………………………………
Mr P R McGill
Director
Approved by the board on 17 March 2025
Ludcombe Extension Management Company Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
The principal accounting policies adopted in the preparation of the accounts are set out below; they have remained unchanged from the previous period and have been consistently applied:
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, Section 1A (small entities). There have been no material departures from that standard.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the maintenance charges rendered to residents. Turnover is recognised by reference to the date to which the maintenance charge relates.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Other debtors 329 -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 878 711
5 Other information
Ludcombe Extension Management Company Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Ralls House, Parklands Business Park, Forest Road, Denmead, Waterlooville, Hants, PO7 6XP.
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