Registration number:
Block H Clayton House Management Company Limited (A company limited by guarantee)
for the Year Ended 24 December 2024
Block H Clayton House Management Company Limited
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Financial Statements |
Block H Clayton House Management Company Limited
Company Information
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Directors |
A Botti T H Elliott |
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Company secretary |
Willmotts (Ealing) Limited |
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Registered office |
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Auditors |
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Block H Clayton House Management Company Limited
(Registration number: 03372245)
Statement of Financial Position as at 24 December 2024
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2024 |
2023 |
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Non-current assets |
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Property, plant and equipment |
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Current assets |
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Receivables |
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Cash at bank |
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Payables: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Reserves |
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General reserve |
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Total reserves |
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The financial statements of Block H Clayton House Management Company Limited were approved and authorised by the
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Director
Block H Clayton House Management Company Limited
Notes to the Financial Statements
for the Year Ended 24 December 2024
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General information |
Block H Clayton House Management Company Limited (the 'company') is a company limited by guarantee incorporated in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the Director's Report on page 2.
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Accounting policies |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Going concern
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Departures from Companies Act requirements
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The financial statements depart from the standard format of the Companies Act 2006 in that turnover has been replaced by service charge income, cost of sales has been replaced by service charge expenditure and profit/(loss) has been replaced by surplus/(deficit). This departure, as permitted by s396 of the Companies Act 2006, has arisen because the directors consider that this presentation is more appropriate given the nature of the company's activity. The result for the year is unaffected by the accounting treatment adopted. |
Judgements
There are no critical judgements made by the directors in the process of applying the company’s accounting policies which have the most significant effect on the amounts recognised in the financial statements |
Block H Clayton House Management Company Limited
Notes to the Financial Statements
for the Year Ended 24 December 2024 (continued)
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Accounting policies (continued) |
Revenue recognition
Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987.
Service charge income represents variable service charges receivable from the lessees for the year. Reserve fund income represents contributions receivable from the lessees for the year.
Taxation
The company acts as a trustee in respect of funds held to manage 50 Trinity Church Road. In consequence, service charge and reserve fund contributions and service charge and reserve fund expenditure items are neither taxable nor allowable for corporation tax purposes and therefore there is no liability to UK corporation tax.
Property, plant and equipment
Tangible fixed assets comprises the freehold land at Clayton House, 50 Trinity Church Road, Barnes, London, SW13 8EL, which is stated as a nominal value of £1. No depreciation is provided on this.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and at bank and are subject to an insignificant risk of change in value.
Receivables
Service charge and reserve fund arrears are amounts due at the financial year end from the lessees.
Payables
Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Financial instruments
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Block H Clayton House Management Company Limited
Notes to the Financial Statements
for the Year Ended 24 December 2024 (continued)
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Property, plant and equipment |
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Freehold land |
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Cost |
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At 25 December 2023 |
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At 24 December 2024 |
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Carrying amount |
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At 24 December 2024 |
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At 24 December 2023 |
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Receivables |
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2024 |
2023 |
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Service charge arrears |
1,052 |
3,554 |
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General reserve arrears |
1,430 |
3,025 |
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Other debtors |
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Prepayments & accrued income |
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Cash and cash equivalents |
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2024 |
2023 |
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Cash at bank |
262,238 |
244,156 |
Funds are held in trust at National Westminster Bank Plc in a designated client account maintained by Willmotts (Ealing) Limited, the managing agents.
Block H Clayton House Management Company Limited
Notes to the Financial Statements
for the Year Ended 24 December 2024 (continued)
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Payables |
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2024 |
2023 |
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Due within one year |
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Service charge creditors - unpaid invoices |
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Service charge and reserve fund receipts in advance |
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Other creditors |
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Accrued expenses |
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Reserves |
Reserves
The general reserve represents cumulative surpluses or deficits and reserve fund contributions net of reserve fund expenditure.
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Related party transactions |
There were no other related party transactions to disclose.
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Audit report |