| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2024 |
| for |
| LEGGATTS PARK MANAGEMENT LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2024 |
| for |
| LEGGATTS PARK MANAGEMENT LIMITED |
| LEGGATTS PARK MANAGEMENT LIMITED (REGISTERED NUMBER: 04768241) |
| Contents of the Financial Statements |
| for the year ended 31 July 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Accountants' Report | 6 |
| LEGGATTS PARK MANAGEMENT LIMITED |
| Company Information |
| for the year ended 31 July 2024 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Aissela |
| 46 High Street |
| Esher |
| Surrey |
| KT10 9QY |
| LEGGATTS PARK MANAGEMENT LIMITED (REGISTERED NUMBER: 04768241) |
| Statement of Financial Position |
| 31 July 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital | 7 |
| Shareholders' funds |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the director and authorised for issue on |
| LEGGATTS PARK MANAGEMENT LIMITED (REGISTERED NUMBER: 04768241) |
| Notes to the Financial Statements |
| for the year ended 31 July 2024 |
| 1. | Statutory information |
| Leggatts Park Management Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Service charges due from tenants |
| This represents the services charges due from tenants in respect of the properties, due from the owners for the year. |
| Financial instruments |
| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. |
| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Depreciation |
| No depreciation has been provided on the Gatehouse or communal land, in view of the nominal cost. Depreciation at 25%, on a straight line basis, has been provided on the lawnmowers etc. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| LEGGATTS PARK MANAGEMENT LIMITED (REGISTERED NUMBER: 04768241) |
| Notes to the Financial Statements - continued |
| for the year ended 31 July 2024 |
| 4. | Tangible fixed assets |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| Cost |
| At 1 August 2023 |
| Additions |
| At 31 July 2024 |
| Depreciation |
| At 1 August 2023 |
| Charge for year |
| At 31 July 2024 |
| Net book value |
| At 31 July 2024 |
| At 31 July 2023 |
| 5. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Prepayments and accrued income |
| 6. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Amount due to residents |
| Sundry Creditors |
| Tax |
| Social security and other taxes |
| Pension payable | 139 | - |
| Other creditors |
| Accrued expenses |
| Other creditors of £25,000 is the reserve fund established to provide funds in order to contribute to the cost of major works which are expected to arise in the future. |
| 7. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | 100 | 500 | 500 |
| Founder | 0.20 | 1 | 1 |
| 501 | 501 |
| The founder shareholders have a non-equity interest since, on a winding-up, they are not entitled to any share of the surplus assets of the company. These belong exclusively to the ordinary shareholders. However, until the "ultimate date", which was defined as one year after the last property had been sold, only the founder shareholders were entitled to receive notice of, attend or vote at any General Meeting of the company. The ultimate date passed on the 9th December 2006. |
| LEGGATTS PARK MANAGEMENT LIMITED (REGISTERED NUMBER: 04768241) |
| Notes to the Financial Statements - continued |
| for the year ended 31 July 2024 |
| 8. | Contingent liabilities |
| The company has contingent liabilities in that the Communal Area and the Gate House, including any other communal parts of the site, lighting of the accessways and any installations on the site, the walls, fences or other boundary features of the same and any structure or apparatus thereon, must be maintained, repaired, renewed as necessary, decorated, landscaped, cultivated and cleansed, re-equipped and reinstated, as necessary. It must also effect property owners and occupiers and Public Liability insurance as appropriate. |
| 9. | Related party transactions and control |
| There were no related party transactions. Control of the company rests with the ordinary shareholders/property owners, as explained in note 8 above. |
| Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Leggatts Park Management Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Leggatts Park Management Limited for the year ended 31 July 2024 which comprise the Profit and Loss Account, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
| This report is made solely to the director of Leggatts Park Management Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Leggatts Park Management Limited and state those matters that we have agreed to state to the director of Leggatts Park Management Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that Leggatts Park Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Leggatts Park Management Limited. You consider that Leggatts Park Management Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Leggatts Park Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Aissela |
| 46 High Street |
| Esher |
| Surrey |
| KT10 9QY |