Company registration number 06973756 (England and Wales)
OCTO MANAGEMENT COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
OCTO MANAGEMENT COMPANY LIMITED
COMPANY INFORMATION
Director
S E Elias
Company number
06973756
Registered office
2nd Floor
1 Ashley Road
ALTRINCHAM
WA14 2DT
Accountants
Lopian Gross Barnett & Co
1st Floor, Cloister House
Riverside
New Bailey Street
Manchester
M3 5FS
OCTO MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
OCTO MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
2
21,555
42,619
Cash at bank and in hand
20,287
18,234
41,842
60,853
Creditors: amounts falling due within one year
3
(36,857)
(52,871)
Net current assets
4,985
7,982
Reserves
Sinking Fund
4,985
7,982
The director of the company has elected not to include a copy of the income and expenditure account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 24 March 2025
S E Elias
Director
Company Registration No. 06973756
OCTO MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Octo Management Company Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 2nd Floor, 1 Ashley Road, ALTRINCHAM, WA14 2DT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Income and expenditure
Service charge income and expenses are included in the financial statements as they become receivable or due.
1.3
Taxation
The company is exempt from corporation tax, as it is a company not carrying on a business for the purposes of making a profit.
2
Debtors
2023
2022
Amounts falling due within one year:
£
£
Service charge income invoiced and recoverable
13,244
34,075
Service charge expenditure recoverable
8,311
8,544
21,555
42,619
3
Creditors: amounts falling due within one year
2023
2022
£
£
Service charge expenses owed
21
1,291
Landlord loan
1,004
19,841
Service charge income received in advance
10,675
10,675
Accrued service charge expenses
25,157
21,064
36,857
52,871
OCTO MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
4
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
5
Controlling party
Control of the company is vested in its members.