UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

BURTON HOUSE & COURTYARD MANAGEMENT

COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V A Blows

R J Paterson

Mrs J Johnson

L Fournier

SECRETARY:

A R Jadzevics

REGISTERED OFFICE:

C/o Evans Weir

The Victoria

25 St Pancras

Chichester

West Sussex

PO19 7LT

REGISTERED NUMBER:

03433439 (England and Wales)

ACCOUNTANTS:

Evans Weir

The Victoria

25 St Pancras

Chichester

West Sussex

PO19 7LT

FIXED ASSETS

Tangible assets

4

85,010

84,619

CURRENT ASSETS

Debtors

5

1,026

2,918

Cash at bank

161,990

191,743

163,016

194,661

CREDITORS

Amounts falling due within one year

6

42,550

32,681

NET CURRENT ASSETS

120,466

161,980

TOTAL ASSETS LESS CURRENT LIABILITIES

205,476

246,599

CREDITORS

Amounts falling due after more than one year

7

79,000

79,000

NET ASSETS

126,476

167,599

CAPITAL AND RESERVES

Called up share capital

26

26

Sinking Fund

8

126,450

167,573

SHAREHOLDERS' FUNDS

126,476

167,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th March 2025 and were signed on its behalf by:

R J Paterson - Director

Mrs J Johnson - Director

L Fournier - Director

Mrs V A Blows - Director

1.	STATUTORY INFORMATION

Burton House & Courtyard Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

The turnover shown in the income and expenditure account represents amounts invoiced during the year.

Tangible fixed assets

Depreciation is calculated on a straight line basis so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & equipment - 20%

Furniture & fixtures - 20%

Depreciation is not provided in respect of freehold property. The directors consider that the residual value is at least equal to cost.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 balance sheet date.

Sinking fund

Transfers are made to a special reserve for future maintenance projects and capital expenditure as well as in respect of income earned from investment of these funds, after provision for any Corporation tax payable thereon. Transfers are made as and when expenditure is incurred.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2024

79,000

17,892

96,892

Additions

-

2,061

2,061

Disposals

-

(1,030

)

(1,030

)

At 31st December 2024

79,000

18,923

97,923

DEPRECIATION

At 1st January 2024

-

12,273

12,273

Charge for year

-

1,670

1,670

Eliminated on disposal

-

(1,030

)

(1,030

)

At 31st December 2024

-

12,913

12,913

NET BOOK VALUE

At 31st December 2024

79,000

6,010

85,010

At 31st December 2023

79,000

5,619

84,619

Land and buildings represents the freehold interests in Burton House, Biddulph Mews and Boderton Mews which were acquired by the company in 2007.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

2,278

Other debtors

1,026

640

1,026

2,918

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

8,789

5,811

Taxation and social security

781

472

Other creditors

32,980

26,398

42,550

32,681

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

79,000

79,000

Other creditors are represented by loan notes repayable to the shareholders of the company and are interest free. The repayment schedule of the loan notes is determined by the directors.

8.

RESERVES

Income &

Expenditure

Sinking

Account

Fund

Totals

£

£

£

At 1 January 2024

-

167,573

167,573

Deficit for the year

(41,123

)

-

(41,123

)

Current year transfer

41,123

(41,123

)

-

At 31 December 2024

-

126,450

126,450

9.	RELATED PARTY DISCLOSURES

The company is a non-profit making entity and each member has one share. The turnover of the company comprises only service charges and contributions receivable from members.

10.	SINKING FUND RESERVE

2024

2023

£

£

Provision for maintenance projects and capital expenditure

At 1st January 2024

167,573

123,596

Transfer to Income and Expenditure Account

(41,123

)

43,798

At 31st December 2024

126,450

167,573

Represented by:

Communal

53,095

54,336

Burton House

36,389

64,398

Boderton Mews

14,925

22,054

Biddulph Mews

22,041

26,785

126,450

167,573