The Austen Place Management Company Limited
The Austen Place Management Company Limited
Registered number: 04753772
Unaudited Financial Statements
For The Year Ended
31 December 2022
Raymarsh Ford Limited
Chartered Accountants
41 High Street
Kingswood
Bristol
BS15 4AA
The Austen Place Management Company Limited
Unaudited Financial Statements
For The Year Ended
31 December 2022
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1 |
Notes to the Financial Statements | 2—3 |
Page 1
The Austen Place Management Company Limited
Balance Sheet
As At
31 December 2022
Balance Sheet
Registered number:
04753772
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
2022 | 2021 | ||||
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Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 6 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 18,952 | 12,176 | |||
On behalf of the board
Director
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The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
The Austen Place Management Company Limited
Notes to the Financial Statements
For The Year Ended
31 December 2022
Notes to the Financial Statements
1.
General Information
The Austen Place Management Company Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
04753772
. The registered office is Hillcrest Estate Management Limited 5 Grove Road, Redland, Bristol, BS6 6UJ.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover relates to the service charges charged to leaseholders on a monthly basis and accumulated over the year. No invoices are raised but the service charge is based on a budget agreed with the leaseholders.
The company does not trade.
2.3.
Bank interest received
Service charge monies are held on trust in accordance with section 42, Landlord and Tenant Act 1987. Interest earned on service charge monies held on deposit is taxable at the basic rate on income tax, subject to a dispensation offered by HM Revenue & Customs to waive this requirement.
2.4.
Bank accounts
Service charge monies were held in trust in the following bank account.
Lloyds Bank PLC, Milton Keynes under the title HEMLTD-CLIENT-THE AUSTEN PL MGNT CO LTD (account number 76528560).
2.5.
Accounts preparation
The accounts are prepared in accordance with the provisions of the lease and on an accruals basis.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2021: 3)
4.
Debtors
2022 | 2021 | ||
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£ | £ | ||
Due within one year | |||
Prepayments and accrued income |
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Amounts due from leaseholders |
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5.
Creditors: Amounts Falling Due Within One Year
2022 | 2021 | ||
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£ | £ | ||
Trade creditors |
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Amounts paid in advance by leaseholders |
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Accruals and deferred income |
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6.
Share Capital
2022 | 2021 | ||
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£ | £ | ||
Allotted, Called up and fully paid |
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Page 2
Page 3
The Austen Place Management Company Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
7.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at
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Amounts advanced | Amounts repaid | Amounts written off | As at
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£ | £ | £ | £ | £ | |
Mr Don Everett |
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- |
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Mr Michael Fitch |
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- |
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The above loan is unsecured, interest free and repayable on demand. Loans to directors represents the balance owed to the company in respect of their service charge account.
Page 3