Lowenna House Management Company Ltd - Period Ending 2023-12-14

Lowenna House Management Company Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 4

Lowenna House Management Company Ltd

Balance Sheet

14 December 2023

	Note	2023 £	2022 £
Current assets
Debtors	4	5	5
Capital and reserves
Called up share capital	5	5	5
Shareholders' funds		5	5

Lowenna House Management Company Ltd

Balance Sheet

14 December 2023

For the financial year ending 14 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 20 March 2024
 

......................................... Mr R Collinge Director

Company Registration Number: 11114214

Lowenna House Management Company Ltd

Notes to the Unaudited Financial Statements

Year Ended 14 December 2023

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
71 Athelstan Park
Bodmin
Cornwall
PL31 1DT

These financial statements were authorised for issue by the director on 20 March 2024.

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

Prior to 15 December 2020, turnover comprised service charges and other income from the owners of Lowenna House in relation to the management of common areas.

Since 15 December 2020, all service charge income and related expenditure has been accounted for through a separate service charge statement such that the company has no revenue reportable in these accounts.

Lowenna House Management Company Ltd

Notes to the Unaudited Financial Statements

Year Ended 14 December 2023

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4

Debtors

	2023 £	2022 £
Other debtors	5	5
	5	5

5	Share capital

Allotted, called up and fully paid shares

	2023		2022
	No.	£	No.	£
Ordinary shares of £1 each	5	5	5	5