| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st December 2024 |
| for |
| KINGSWOOD COURT (CHORLEY) MANAGEMENT |
| COMPANY LIMITED |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st December 2024 |
| for |
| KINGSWOOD COURT (CHORLEY) MANAGEMENT |
| COMPANY LIMITED |
| KINGSWOOD COURT (CHORLEY) MANAGEMENT |
| COMPANY LIMITED (REGISTERED NUMBER: 04782020) |
| Contents of the Financial Statements |
| for the Year Ended 31st December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| KINGSWOOD COURT (CHORLEY) MANAGEMENT |
| COMPANY LIMITED |
| Company Information |
| for the Year Ended 31st December 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Statutory Auditor |
| Chartered Certified Accountants |
| 41 St. Thomas's Road |
| Chorley |
| Lancashire |
| PR7 1JE |
| KINGSWOOD COURT (CHORLEY) MANAGEMENT |
| COMPANY LIMITED (REGISTERED NUMBER: 04782020) |
| Balance Sheet |
| 31st December 2024 |
| 31.12.24 | 31.12.23 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Reserve fund for major works | 6 |
| Income and expenditure account | 6 | ( |
) | ( |
) |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| KINGSWOOD COURT (CHORLEY) MANAGEMENT |
| COMPANY LIMITED (REGISTERED NUMBER: 04782020) |
| Notes to the Financial Statements |
| for the Year Ended 31st December 2024 |
| 1. | STATUTORY INFORMATION |
| Kingswood Court (Chorley) Management Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Revenue recognition |
| Turnover represents maintenance charges receivable in respect of communal expenditure in the ordinary course of business. Value added tax is not charged thereon. |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Cash and cash equivalents |
| Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade debtors |
| Prepayments and accrued income |
| Trade debtors represents the net maintenance charges due to the company at the year end. |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade creditors |
| Tax |
| Accruals and deferred income |
| KINGSWOOD COURT (CHORLEY) MANAGEMENT |
| COMPANY LIMITED (REGISTERED NUMBER: 04782020) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2024 |
| 6. | RESERVES |
| Income | Reserve |
| and | fund for |
| expenditure | major |
| account | works | Totals |
| £ | £ | £ |
| At 1st January 2024 | ( |
) | 29,440 |
| Deficit for the year | ( |
) | ( |
) |
| Reserve fund for major works | - | 10,548 | 10,548 |
| Major works fund utilised | - | (17,500 | ) | (17,500 | ) |
| At 31st December 2024 | ( |
) | 12,611 |
| The reserve fund for major works is money set aside for significant property maintenance. |
| 7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 8. | RELATED PARTY DISCLOSURES |
| During the year ended 31 December 2024 there were no transactions with related parties. |
| 9. | SHARE CAPITAL |
| The company is limited by guarantee without share capital. In the event of the company being would up, each director would have a maximum liability of £25. |