Church Place Management Company Bridport Limited - Period Ending 2022-06-30

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 9

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 2022

The directors present their report and the financial statements for the year ended 30 June 2022.

Directors of the company

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

N Richards

Ms P O'Neill

Ms J E Webster

Principal activity

The principal activity of the company continued to be that of the provision of property management services

During the year to company aquired the freehold reversion of the land at 45 South Street, Bridport, DT6 3NY.

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 14 March 2023 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 2022

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 2022 as set out on pages 4 to 9 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

14 March 2023

Church Place Management Company Bridport Limited

Profit and Loss Account
for the Year Ended 30 June 2022

	2022 £	2021 £
Turnover	3,549	3,625
Administrative expenses	(2,132)	(2,810)
Operating surplus	1,417	815
Surplus before tax	1,417	815
Taxation	-	-
Surplus for the financial year	1,417	815

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 2022

	Note	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	4		682		-
Current assets
Debtors	5	1,419		837
Cash at bank and in hand		5,043		4,917
		6,462		5,754
Creditors: Amounts falling due within one year	6	(604)		(631)
Net current assets			5,858		5,123
Net assets			6,540		5,123
Capital and reserves
Profit and loss account		6,540		5,123
Total equity			6,540		5,123

For the financial year ending 30 June 2022 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 14 March 2023 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 2022

	Profit and loss account £	Total £
At 1 July 2021	5,123	5,123
Surplus for the year	1,417	1,417
Total comprehensive income	1,417	1,417
At 30 June 2022	6,540	6,540

	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

Church Place Management Company Bridport Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2022

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and Buildings	No depreciation is provided in respect of the freehold land as its residual value will be at least equal to its cost.

Church Place Management Company Bridport Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2022

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.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2021 - 0). The average number of directors on the board during the year, was 3 (2021 - 3).

Church Place Management Company Bridport Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2022

4	Tangible assets

	Land and buildings £	Total £
Cost
At 1 July 2021	-	-
Additions	682	682
At 30 June 2022	682	682
Depreciation
Carrying amount
At 30 June 2022	682	682
At 30 June 2021	-	-

5

Debtors

	2022 £	2021 £
Amounts due from lessees	1,208	518
Prepayments	211	319
	1,419	837

6

Creditors

	2022 £	2021 £
Due within one year
Accruals	462	434
Other creditors	142	197
	604	631