Highway Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06502591 (England and Wales)

Highway Management Limited

Unaudited Financial Statements for the Year Ended 31 October 2021

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

4

CURRENT ASSETS

Debtors

4

1,521

1,228

Cash at bank

21,337

22,455

22,858

23,683

CREDITORS

Amounts falling due within one year

5

4,299

3,644

NET CURRENT ASSETS

18,559

20,039

TOTAL ASSETS LESS CURRENT LIABILITIES

18,559

20,039

RESERVES

Repairs reserve

6

5,531

6,599

Income and expenditure account

6

13,028

13,440

18,559

20,039

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2022 and were signed on its behalf by:

Mrs S Carter - Director

Mrs R Khan-Mahmood - Director

1.	STATUTORY INFORMATION

Highway Management Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06502591

Registered office:

Swan House

Savill Way

Marlow

SL7 1UB

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Service charge income

Service charges demanded - income from the residents/tenants that is recoverable under their purchase agreement/lease is accounted for on an accrual basis.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Service charge owed by

leaseholders

224

74

Prepayments

1,297

1,154

1,521

1,228

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Service charge due to

leaseholders

3,196

1,762

Accrued expenses

1,103

1,882

4,299

3,644

6.

RESERVES

Income

and

expenditure

Repairs

account

reserve

Totals

£

£

£

At 1 November 2020

13,440

6,599

20,039

Surplus for the year

-

-

Historic balance adjustment

(412

)

-

(412

)

Charged to P&L in year

-

2,132

2,132

Repairs reserve expenditure

-

(3,200

)

(3,200

)

At 31 October 2021

13,028

5,531

18,559

7.	LIMITED BY GUARANTEE

The company is Limited by Guarantee and as such has no share capital.