REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 24 MARCH 2022 |
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CHARLWOODS MANAGEMENT COMPANY LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 24 MARCH 2022 |
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FOR |
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CHARLWOODS MANAGEMENT COMPANY LIMITED |
CHARLWOODS MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01877414) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 MARCH 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CHARLWOODS MANAGEMENT COMPANY LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 24 MARCH 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Carlton House |
28-29 Carlton Terrace |
Portslade |
Brighton |
BN41 1UR |
CHARLWOODS MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01877414) |
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BALANCE SHEET |
24 MARCH 2022 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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CHARLWOODS MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01877414) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 MARCH 2022 |
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1. | STATUTORY INFORMATION |
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Charlwoods Management Company Limited is a
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Changes in accounting policies |
The entity transitioned from previously extant UK GAAP to FRS 102 as at 25 March 2016. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 6. |
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Freehold property |
The freehold property, Charlwoods Business Centre, Charlwoods Road, East Grinstead, West Sussex, was transferred to the company on 20th January 1986 for a consideration of £1 under an agreement dated 25th March 1985 made between the developers of the property and the company. This transfer of the freehold reversion in the development was made subject to and with the benefit of fourteen investor leases which had been granted. There are no mortgages or charges on the freehold property. |
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The investor leases noted above are held by the members of the company at a rental of one peppercorn per annum for a term of 200 years commencing on 25th December 1984. |
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Certain units have been underlet on tenant leases, for periods of 24 years with covenants as specified by the investor leases. The company, via its Managing Agents, collects certain of the rents from undertenants as agents for and on behalf of certain of the investors. These rent receipts and payments are not income and expenditure of the company. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL. |
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5. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
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COST |
At 25 March 2021 |
and 24 March 2022 |
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NET BOOK VALUE |
At 24 March 2022 |
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At 24 March 2021 |
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CHARLWOODS MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01877414) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 24 MARCH 2022 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
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