Duntshill Mill Management Ltd - Limited company accounts 20.1

REGISTERED NUMBER: 02992280 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

FOR

DUNTSHILL MILL MANAGEMENT LTD

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Dr K Baig

Miss R L Marvell

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

02992280 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

The directors present their report with the financial statements of the company for the year ended 31st March 2021.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2020 to the date of this report.

Dr K Baig

Miss R L Marvell

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Dr K Baig - Director

12th November 2021

INCOME

19,021

17,776

Service charge expenditure

19,563

15,439

OPERATING (LOSS)/PROFIT

(542

)

2,337

Interest receivable and similar income

3

14

(LOSS)/PROFIT BEFORE TAXATION

(539

)

2,351

Tax on (loss)/profit

-

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(539

)

2,351

CURRENT ASSETS

Debtors

5

11,420

6,991

CREDITORS

Amounts falling due within one year

6

11,408

6,979

NET CURRENT ASSETS

12

TOTAL ASSETS LESS CURRENT
LIABILITIES

12

CAPITAL AND RESERVES

Called up share capital

7

12

SHAREHOLDERS' FUNDS

12

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 12th November 2021 and were signed on its behalf by:

Dr K Baig - Director

1.	STATUTORY INFORMATION

Duntshill Mill Management Ltd 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.

Income

During the year the company received monies from lessees, as agent, in respect of service charges and associated income, which are held on trust and do not constitute turnover.

Presentation of the income statement

The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company accounts in order to provide more information to the lessees and other parties who may be interested in the expenditure incurred in the management of the property.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	LIABILITY OF MEMBERS

The liability of members is limited to £1 each.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

Other debtors

154

Bank balances held by managing agent

7,827

3,454

Prepayments

3,439

3,383

11,420

6,991

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

Trade creditors

455

-

Reserve Fund

7,000

2,500

Service Charge Account

3,357

3,896

Accrued expenses

596

583

11,408

6,979

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/21

31/3/20

value:

£

12

Ordinary

£1

12

8.

RESERVES

Retained

earnings

£

Deficit for the year

(539

)

Transfer (to)/from Service Charge
account

539

At 31st March 2021

-