2 APRIL 2025 | |||||||||
ELMSLEIGH MANAGEMENT COMPANY (TORQUAY) LIMITED | |||||||||
Registered in England & Wales No. 2483982 | |||||||||
FILLETED FINANCIAL ACCOUNTS | |||||||||
FOR THE PERIOD | |||||||||
1 OCTOBER 2023 TO 30 SEPTEMBER 2024 | |||||||||
ACCOUNTING POLICIES | |||||||||
Accounting convention | |||||||||
Non-current assets | |||||||||
Property, plant and equipment, excluding any property held for investment, is stated at cost except for any revaluation of land and buildings, less aggregate depreciation and any provision for impairment. With the exception of freehold land, depreciation is charged after allowance for residual value, over the remaining useful economic life by equal annual instalments. The economic life used is for acquisition as new, the deemed life for assets acquired second hand is the remainder or half of the deemed life from new, whichever is the greater. | |||||||||
Revenue | |||||||||
Revenue represents income in respect of goods or services possession of which has passed to leaseholders in the normal course of activity, and for which those leaseholders have become liable during the period. The liability has been adjusted to be due monthly not annualy as previously accounted. It is stated net of any tax that is passed on to, or offset against amounts due from, taxing authorities. | |||||||||
Repairs and renewals | |||||||||
Expenditure of up to £1000 on an item, excluding items treated as part of a project over £1000, is written off in the period it is incurred even if it represented an addition or improvement. | |||||||||
FINANCIAL POSITION | |||||||||
As at 30 September | 2024 | 2023 | |||||||
Notes | £ | £ | |||||||
Non-current assets | |||||||||
Productive property, plant and equipment | 2 | ||||||||
Current assets | |||||||||
Trade and other receivables | 3 | 1,084 | 1,053 | ||||||
Cash and cash equivalents | 4 | ||||||||
7,712 | 10,124 | ||||||||
Current liabilities | |||||||||
Due not later than one year | |||||||||
Trade and other payables | 5 | ( |
( |
||||||
Other financial liabilities | 6 | ( |
( |
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Net current assets | 6,016 | 4,283 | |||||||
6,017 | 4,284 | ||||||||
Equity | |||||||||
Accumulated reserves | 6,017 | 4,284 | |||||||
The company is registered in England & Wales under no. 2483982 and is subject to the Companies Act 2006 in its various sections. | |||||||||
Approved and authorised for issue by the board on |
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B Dixon | |||||||||
Director | |||||||||
NOTES TO THE FILLETED ACCOUNTS | |||||||||
2024 | 2023 | ||||||||
£ | £ | ||||||||
1 | Accounting Policies | ||||||||
The accounting policies are set out in full in a preceding statement. | |||||||||
2 | Productive property comprises land | ||||||||
Cost or valuation | |||||||||
Opening and closing amount | |||||||||
3 | Trade and other receivables | ||||||||
Prepayments | 1,084 | 1,053 | |||||||
4 | Cash and cash equivalents | ||||||||
Bank current account | 6,628 | 9,071 | |||||||
5 | Current trade and other payables | ||||||||
Due to employees other than directors | (182) | 0 | |||||||
Trade payables | (67) | 0 | |||||||
Accruals | (340) | (334) | |||||||
(589) | (334) | ||||||||
6 | Other financial liabilities due not later than one year | ||||||||
Deferred income | (1,107) | (5,507) | |||||||
7 | Share capital | ||||||||
The company is a private company limited by guarantee | |||||||||
2024 | 2023 | ||||||||
Number | Number | ||||||||
Maximum of £1 each | 6 | 6 | |||||||
8 | Ultimate control | ||||||||
The company is controlled by its leaseholders. | |||||||||
9 | Commitments | ||||||||
Capital expenditure | |||||||||
There are no capital commitments. | |||||||||
10 | Related party transactions | ||||||||
Key management personnel | |||||||||
Directors and their relationships | |||||||||
Transactions during the period | |||||||||
Remuneration | |||||||||
11 | Activity | ||||||||
The principal activity continues to be that of a residents property management company. | |||||||||
12 | Employees (including directors) | ||||||||
2024 | 2023 | ||||||||
Average during the period | Number | Number | |||||||
ADMINISTRATION AND ADVISERS | |||||||||
Bankers | Clydesdale Bank PLC | ||||||||
Accountants | Cramptons 25A St Matthews Road Torquay TQ2 6JA |
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Office | 6 Elmsleigh Solsbro Road Torquay TQ2 6PF Great Britain |