Church Place Management Company Bridport Limited - Period Ending 2021-06-30

Church Place Management Company Bridport Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Balance Sheet	5
Statement of Changes in Equity	6
Notes to the Unaudited Financial Statements	7 to 8

Church Place Management Company Bridport Limited

Company Information

Directors

N Richards Ms P O'Neill Ms J E Webster

Company secretary

Dickinson Bowden Secretarial Services Limited

Registered office

62 High West Street Dorchester DT1 1UY

Accountants

Edwards & Keeping Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Church Place Management Company Bridport Limited

Directors' Report for the Year Ended 30 June 2021

The directors present their report and the financial statements for the year ended 30 June 2021.

Directors of the company

The directors who held office during the year were as follows:

M T Watts (ceased 16 December 2020)

M Saddiq (ceased 16 December 2020)

N Richards (appointed 18 September 2020)

Ms P O'Neill (appointed 18 September 2020)

Ms J E Webster (appointed 18 September 2020)

Principal activity

The the principal activity of the company is that of holding the freehold of Church Place, Bridport, and managing the common interests of the flats which the property comprises. The company raises service charges from the leaseholders to finance these act

Small companies provision statement

This report has 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.

Approved by the Board on 31 March 2022 and signed on its behalf by:

Dickinson Bowden Secretarial Services Limited Company secretary

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Church Place Management Company Bridport Limitedfor the Year Ended 30 June 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Church Place Management Company Bridport Limited for the year ended 30 June 2021 as set out on pages 4 to 8 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
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Church Place Management Company Bridport Limited, as a body, in accordance with the terms of our engagement letter dated 28 September 2020. Our work has been undertaken solely to prepare for your approval the accounts of Church Place Management Company Bridport Limited and state those matters that we have agreed to state to the Board of Directors of Church Place Management Company Bridport Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Church Place Management Company Bridport Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Church Place Management Company Bridport Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Church Place Management Company Bridport Limited. You consider that Church Place Management Company Bridport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Church Place Management Company Bridport 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 accounts.

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

31 March 2022

Church Place Management Company Bridport Limited

Profit and Loss Account
for the Year Ended 30 June 2021

	2021 £	2019 £
Turnover	3,625	6,879
Administrative expenses	(2,810)	(2,571)
Operating surplus	815	4,308
Surplus before tax	815	4,308
Taxation	-	-
Surplus for the financial year	815	4,308

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Church Place Management Company Bridport Limited

(Registration number: 11393698)
Balance Sheet as at 30 June 2021

	Note	2021		2019
		£	£	£	£
Current assets
Debtors	4		837		6,029
Cash at bank and in hand			4,917		223
			5,754		6,252
Creditors: Amounts falling due within one year	5		(631)		(1,944)
Net assets			5,123		4,308
Capital and reserves
Profit and loss account		5,123		4,308
Total equity			5,123		4,308

For the financial year ending 30 June 2021 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.

Approved and authorised by the Board on 31 March 2022 and signed on its behalf by:
 

N Richards
Director

Church Place Management Company Bridport Limited

Statement of Changes in Equity
for the Year Ended 30 June 2021

	Profit and loss account £	Total £
At 1 July 2020	4,308	4,308
Surplus for the year	815	815
Total comprehensive income	815	815
At 30 June 2021	5,123	5,123

	Profit and loss account £	Total £
Surplus for the year	4,308	4,308
Total comprehensive income	4,308	4,308
At 30 June 2020	4,308	4,308

Church Place Management Company Bridport Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2021

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 £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
62 High West Street
Dorchester
DT1 1UY
England

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

Turnover 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.

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.

Tax

On the basis of these financial statements no provision has been made for corporation tax

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.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

Church Place Management Company Bridport Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2021

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2020 - 0). The average number of directors on the board during the year, was 3 (2020 - 2).

4

Debtors

	2021 £	2019 £
Amounts due from lessees	518	6,029
Prepayments	319	-
	837	6,029

5

Creditors

	2021 £	2019 £
Due within one year
Accruals	434	586
Other creditors	197	1,358
	631	1,944