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Registration number: 13542563

Begwary Barns Management Company Limited

(A company limited by guarantee)

Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Begwary Barns Management Company Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Begwary Barns Management Company Limited

(Registration number: 13542563)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

155

132

Creditors: Amounts falling due within one year

4

(1,143)

(1,083)

Net liabilities

 

(988)

(951)

Reserves

 

Retained earnings

(988)

(951)

Deficit

 

(988)

(951)

For the financial year ending 31 August 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 and 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 Profit and Loss Account.

Approved and authorised by the Board on 5 April 2025 and signed on its behalf by:
 

.........................................
Mr Julian Eric Mills
Director

 

Begwary Barns Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, 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:
The Drying Barn Lower Goodwick Farm
Begwary Lane
Begwary
Bedfordshire
MK44 2NX
England

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.

This company is responsible for the management of Begwary Barns Management Company Limited and collects service charges from the lessees in order to fund expenditure incurred in the management of the property.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Revenue recognition

Turnover comprises of the service charges raised to the lessees to fund expenditure incurred in the management of the property during the year.

 

Begwary Barns Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

3

Staff numbers

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

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

1,143

1,083