Hall House Management Limited - Period Ending 2020-12-31

Hall House Management Limited - Period Ending 2020-12-31


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Registration number: 4450972

Hall House Management Limited

(A company limited by guarantee)

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 December 2020

 

Hall House Management Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Hall House Management Limited

Company Information

Directors

Debra Jane Hirst

Mr Thomas Keith Horner

Company secretary

DMG Property Management Limited

Registered office

Suite 7 Aspect House
Pattenden Lane
Marden
Kent
TN12 9QJ

Bankers

Natwest Maidstone
3 High Street
Maidstone
Kent
ME14 1HJ

Accountants

Manningtons
Victoria House The Moor
Hawkhurst
Kent
TN18 4NR

 

Hall House Management Limited

(Registration number: 4450972)
Balance Sheet as at 31 December 2020

Note

2020
£

2019
£

Current assets

 

Debtors

4

29,260

5,254

Cash at bank and in hand

 

10

34,025

 

29,270

39,279

Creditors: Amounts falling due within one year

5

(1,434)

(5,376)

Net assets

 

27,836

33,903

Capital and reserves

 

Profit and loss account

27,836

33,903

Shareholders' funds

 

27,836

33,903

For the financial year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 April 2021 and signed on its behalf by:
 

.........................................

Debra Jane Hirst
Director

 

Hall House Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Suite 7 Aspect House
Pattenden Lane
Marden
Kent
TN12 9QJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

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.

Revenue recognition

Service charges comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Service charges is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Service charge arrears

Service charge arrears are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Service charge arrears are recognised at the transaction price, less provision for impairment. A provision for the impairment of service charge arrears is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Hall House Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020

Service charges paid in advance

Service charges paid in advance 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.

Service charges paid in advance are recognised at the transaction price.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2019 - 0).

4

Debtors

2020
£

2019
£

Prepayments

5,682

5,254

Other debtors

23,578

-

29,260

5,254

Other debtors includes a sum of £23578 held in accounts with the appointed agent for the leaseholders

5

Creditors

Creditors: amounts falling due within one year

2020
£

2019
£

Due within one year

Service charges paid in advance

486

4,456

Accruals and deferred income

229

256

Other creditors

719

664

1,434

5,376