Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30falseResidents property management2023-10-0134falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07671577 2023-10-01 2024-09-30 07671577 2022-10-01 2023-09-30 07671577 2024-09-30 07671577 2023-09-30 07671577 2022-10-01 07671577 c:Director4 2023-10-01 2024-09-30 07671577 d:CurrentFinancialInstruments 2024-09-30 07671577 d:CurrentFinancialInstruments 2023-09-30 07671577 d:Non-currentFinancialInstruments 2024-09-30 07671577 d:Non-currentFinancialInstruments 2023-09-30 07671577 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 07671577 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 07671577 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 07671577 d:RetainedEarningsAccumulatedLosses 2024-09-30 07671577 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 07671577 d:RetainedEarningsAccumulatedLosses 2023-09-30 07671577 d:RetainedEarningsAccumulatedLosses 2022-10-01 07671577 c:FRS102 2023-10-01 2024-09-30 07671577 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07671577 c:FullAccounts 2023-10-01 2024-09-30 07671577 c:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 07671577 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 07671577










CLOTHALL CORNER ESTATE MANAGEMENT LIMITED
(A company limited by guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
CLOTHALL CORNER ESTATE MANAGEMENT LIMITED
 
(A company limited by guarantee)
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CLOTHALL CORNER ESTATE MANAGEMENT LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clothall Corner Estate Management Limited for the year ended 30 September 2024 which comprise the Statement of financial position, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Clothall Corner Estate Management Limited, as a body, in accordance with the terms of our engagement letter dated 16th June 2023Our work has been undertaken solely to prepare for your approval the financial statements of Clothall Corner Estate Management Limited and state those matters that we have agreed to state to the Board of directors of Clothall Corner Estate Management Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clothall Corner Estate Management Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Clothall Corner Estate 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 Clothall Corner Estate Management Limited. You consider that Clothall Corner Estate Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Clothall Corner Estate 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.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ
25 February 2025
Page 1

 
CLOTHALL CORNER ESTATE MANAGEMENT LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 07671577

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
£
£

  

Current assets
  

Debtors: amounts falling due after more than one year
 4 
-
331

Debtors: amounts falling due within one year
 4 
1,170
804

Cash at bank and in hand
  
3,105
1,402

  
4,275
2,537

Creditors: amounts falling due within one year
 5 
(240)
(114)

Net current assets
  
 
 
4,035
 
 
2,423

Total assets less current liabilities
  
4,035
2,423

  

Net assets
  
4,035
2,423


Capital and reserves
  

Profit and loss account
  
4,035
2,423

  
4,035
2,423


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 February 2025.




D J S Jordan
Director

The notes on pages 5 to 7 form part of these financial statements.
Page 2

 
CLOTHALL CORNER ESTATE MANAGEMENT LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 07671577
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024


Page 3

 
CLOTHALL CORNER ESTATE MANAGEMENT LIMITED
 
(A company limited by guarantee)
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Profit and loss account
Total equity

£
£


At 1 October 2022
1,494
1,494


Comprehensive income for the year

Profit for the year

929
929


Other comprehensive income for the year
-
-


Total comprehensive income for the year
929
929


Total transactions with owners
-
-



At 1 October 2023
2,423
2,423


Comprehensive income for the year

Profit for the year

1,612
1,612


Other comprehensive income for the year
-
-


Total comprehensive income for the year
1,612
1,612


Total transactions with owners
-
-


At 30 September 2024
4,035
4,035


The notes on pages 5 to 7 form part of these financial statements.

Page 4

 
CLOTHALL CORNER ESTATE MANAGEMENT LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
CLOTHALL CORNER ESTATE MANAGEMENT LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is: 07671577
Its Registered Office is:
Satchells Estate Agents
7 Brand Street
Hitchin
Hertfordshire
SG5 1HX


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
3
4


4.


Debtors

2024
2023
£
£

Due after more than one year

Due from participating interests
-
331

-
331


2024
2023
£
£

Due within one year

Trade debtors
1,170
804

1,170
804


Page 6

 
CLOTHALL CORNER ESTATE MANAGEMENT LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
240
114

240
114




6.


Company status

The company is a private company limited by guarantee 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.

 
Page 7