Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 03794394 Mr G Brown Mr R Ward iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03794394 2023-12-31 03794394 2024-12-31 03794394 2024-01-01 2024-12-31 03794394 frs-core:CurrentFinancialInstruments 2024-12-31 03794394 frs-core:ShareCapital 2024-12-31 03794394 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03794394 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03794394 frs-bus:SmallEntities 2024-01-01 2024-12-31 03794394 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03794394 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03794394 frs-bus:Director1 2024-01-01 2024-12-31 03794394 frs-bus:Director2 2024-01-01 2024-12-31 03794394 frs-countries:EnglandWales 2024-01-01 2024-12-31 03794394 2022-12-31 03794394 2023-12-31 03794394 2023-01-01 2023-12-31 03794394 frs-core:CurrentFinancialInstruments 2023-12-31 03794394 frs-core:ShareCapital 2023-12-31
Registered number: 03794394
Nexus Point Management Company Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2
Page 1
Statement of Financial Position
Registered number: 03794394
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 (2,612 ) (6,067 )
Cash at bank and in hand 10,385 8,098
7,773 2,031
Creditors: Amounts Falling Due Within One Year 5 (7,221 ) (1,480 )
NET CURRENT ASSETS (LIABILITIES) 552 551
TOTAL ASSETS LESS CURRENT LIABILITIES 552 551
NET ASSETS 552 551
CAPITAL AND RESERVES
Called up share capital 6 552 551
SHAREHOLDERS' FUNDS 552 551
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr G Brown
Director
27/03/2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Nexus Point Management Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03794394 . The registered office is 10 Oxford Street, Nottingham, NG1 5BG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
The Company is responsible for the management of the property at the Nexus Point development, Holford, Broadlands, Birmingham, West Midlands, B6 7AF. The Company collects service charges from leaseholders in accordance with the terms of the lease agreement in order to fund expenditure incured in the management of the property. These service charge funds are held in trust for the lessees which is imposed under Section 42 of the Landlord and Tenant Act 1987.
During the year the Company incurred expenditure in fulfilling its obligations under the terms of the lease for the property. The total costs incurred are recorded in the Company’s income and expenditure account as funds collected from lessees to discharge obligations under the lease. To meet these obligaions the Company draws from service charge funds held in trust on behalf of the lessees.
A detailed summary of expenditure incurred in the period is made available to the lessees of the property.
3. Average Number of Employees
There were no employees during the period or officers other than those directors included within the Directors' Report. NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors (6,728 ) (10,813 )
Prepayments and accrued income 2,604 2,912
VAT 1,512 1,834
(2,612 ) (6,067 )
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,974 216
Payments in Advance 2,973 -
Accruals 1,274 1,264
7,221 1,480
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 552 551
Page 2