Registered number
02222560
The Old House Management Company (Salisbury) Limited
Report and Accounts
31 December 2024
The Old House Management Company (Salisbury) Limited
Registered number: 02222560
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 602 1,308
Cash at bank and in hand 1,288 3,875
1,890 5,183
Creditors: amounts falling due within one year 4 (4,633) (1,198)
Net current assets (2,743) 3,985
Net assets (2,743) 3,985
Capital and reserves
Profit and loss account (2,743) 3,985
Shareholder's funds (2,743) 3,985
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 member has 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 profit and loss account has not been delivered to the Registrar of Companies.
Mr J Howard
Director
Approved by the board on 28 March 2025
The Old House Management Company (Salisbury) Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
£ £
Trade debtors 1 785
Other debtors 601 523
602 1,308
4 Creditors: amounts falling due within one year 2024 2023
£ £
Loans 3,800 -
Trade creditors 821 (7)
Other creditors 12 1,205
4,633 1,198
5 Other information
The Old House Management Company (Salisbury) Limited is a private company limited by shares and incorporated in England. Its registered office is: The Old House, 3 Rougemont Close, Salisbury, Wiltshire SP1 1LY
Apt 6 The Old House
Rougemont Close
Salisbury
Wiltshire
SP1 1LY
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