Blatchford Court Management Company Limited 12049347 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is a resident management company Digita Accounts Production Advanced 6.30.9574.0 true 12049347 2023-07-01 2024-06-30 12049347 2024-06-30 12049347 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 12049347 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 12049347 bus:SmallEntities 2023-07-01 2024-06-30 12049347 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12049347 bus:FilletedAccounts 2023-07-01 2024-06-30 12049347 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12049347 bus:RegisteredOffice 2023-07-01 2024-06-30 12049347 bus:Director3 2023-07-01 2024-06-30 12049347 bus:CompanyLimitedByGuarantee 2023-07-01 2024-06-30 12049347 core:LandBuildings 2023-07-01 2024-06-30 12049347 countries:UnitedKingdom 2023-07-01 2024-06-30 12049347 2023-06-30 12049347 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 12049347 2022-07-01 2023-06-30 12049347 2023-06-30 12049347 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 12049347 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 12049347

Blatchford Court Management Company Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Blatchford Court Management Company Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Blatchford Court Management Company Limited

(Registration number: 12049347)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,843

5,843

Current assets

 

Cash at bank and in hand

 

780

705

Creditors: Amounts falling due within one year

5

(483)

(478)

Net current assets

 

297

227

Net assets

 

6,140

6,070

Reserves

 

Profit and loss account

6,140

6,070

Surplus

 

6,140

6,070

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 


Mrs Cynthia C Gelder
Director

 

Blatchford Court Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a company limited by guarantee, incorporated in United Kingdom, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
3 Blatchford Court
Okehampton
EX20 1DQ

Principal activity

The principal activity of the company is a resident management company

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

Blatchford Court Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

0%

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

 

Blatchford Court Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2023

5,843

5,843

At 30 June 2024

5,843

5,843

Depreciation

Carrying amount

At 30 June 2024

5,843

5,843

At 30 June 2023

5,843

5,843

Included within the net book value of land and buildings above is £5,843 (2023 - £5,843) in respect of freehold land and buildings.
 

 

Blatchford Court Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

315

315

Other creditors

168

163

483

478

6

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.