5 Lewes Crescent Management Company - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03821233 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

5 LEWES CRESCENT MANAGEMENT COMPANY

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

W J G Cowen

S D Cox

R K Hobby

Dr J Howard

A F Toal

SECRETARY:

W J G Cowen

REGISTERED OFFICE:

5 Lewes Crescent

Kemp Town

Brighton

East Sussex

BN2 1FH

REGISTERED NUMBER:

03821233 (England and Wales)

ACCOUNTANTS:

Robinsons, Chartered Accountants

223 South Coast Road

Peacehaven

East Sussex

BN10 8LB

BANKERS:

Barclays Bank

41 High Street

Rottingdean

East Sussex

BN2 7JF

FIXED ASSETS

Tangible assets

4

3,000

3,000

CURRENT ASSETS

Debtors

5

781

641

Cash at bank

6

14,793

8,640

15,574

9,281

CREDITORS

Amounts falling due within one year

7

647

568

NET CURRENT ASSETS

14,927

8,713

TOTAL ASSETS LESS CURRENT LIABILITIES

17,927

11,713

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

14,927

8,713

SHAREHOLDERS' FUNDS

17,927

11,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 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 30 December 2023 and were signed on its behalf by:

W J G Cowen - Director

1.	STATUTORY INFORMATION

5 Lewes Crescent Management Company Limited 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Assets and liabilities

The company makes no claim to the assets and liabilities held on the balance sheet. The company acts as a trustee through its directors on behalf of the tenants of 5 Lewes Crescent, and all assets and liabilities are recognised as being held in trust on behalf of said tenants in accordance with the appropriate sections of the Landlord and Tenants Act.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2022

and 31 December 2022

3,000

NET BOOK VALUE

At 31 December 2022

3,000

At 31 December 2021

3,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Service charge monies owed

781

641

6.	CASH AT BANK

All service charge monies collected but not expended are held in trust on behalf of the tenants in accordance with the appropriate sections of the Landlord and Tenants Act, at Barclays Bank PLC, under the title of "5 Lewes Crescent Management Company Limited - Business Current Account".

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other creditors

647

568

Other creditors includes £110 owed by the company to Mr G Cowen, director, by way of an interest free loan (2021 - £nil).