Ellerton Court Management Company Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03900479 (England)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

ELLERTON COURT MANAGEMENT

COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K Small

C Corbett

SECRETARY:

Hertford Company Secretaries Limited

REGISTERED OFFICE:

RMG House

Essex Road

Hoddesdon

Herts

EN11 0DR

REGISTERED NUMBER:

03900479 (England)

AUDITORS:

TC Group

1st Floor

Ocean Village Innovation Centre

Ocean Way

Southampton

Hampshire

SO14 3JZ

CURRENT ASSETS

Debtors

4

489

514

Cash at bank

7,744

7,260

8,233

7,774

CREDITORS

Amounts falling due within one year

5

9,503

5,303

NET CURRENT (LIABILITIES)/ASSETS

(1,270

)

2,471

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,270

)

2,471

RESERVES

Income and expenditure account

(1,270

)

2,471

(1,270

)

2,471

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 Profit or Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2023 and were signed on its behalf by:

C Corbett - Director

1.	STATUTORY INFORMATION

Ellerton Court Management Company Limited is a private company, limited by guarantee , registered in England. 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.

The presentational and functional currency of these financial statements is GBP. Values are rounded to the nearest pound.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors and creditors are measured at the transaction price. Other financial instruments, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

Taxation

Current tax is recognised at the amount of tax payable using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in period different from those in which they are recognised in the financial statements. Deferred tax is at the measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Service charges

The company is responsible for the management of the property known as Ellerton Court and has instructed a managing agent to collect service charges from lessees in order to fund expenditure incurred in the management of the property. The service charge funds are held in trust on behalf of the leaseholders as required by Section 42 of the Landlord & Tenant Act 1987. All service charge transactions relating to the management of the property are reported separately and are excluded from the company's financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

489

514

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other creditors

9,503

5,303

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

With respect to Freehold Property held by the company, the audit evidence available to us was limited as

management had no record of historic cost of the freehold property and no subsequent valuations have been

performed in prior years or at the reporting date. We were therefore unable to obtain sufficient appropriate audit

evidence to verify the £nil value and the appropriateness of opening reserves.

Richard Gillespie FCCA (Senior Statutory Auditor)

for and on behalf of TC Group

7.	FREEHOLD PROPERTY

On 4 March 2002 the company became the registered owner of the land at Wagstaff Gardens, Dagenham, RM9 4HQ. There is no available record of the land value at the date ownership transferred to the company. Management have not performed a valuation of the asset held.

8.	ULTIMATE CONTROLLING PARTY

The directors do not consider there to be a controlling party. As the company is limited by guarantee, the members of the company have agreed to contribute £1.00 each to the assets of the company in the event of it being wound up.