REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
HATHERLEIGH HOUSE PROPERTY COMPANY |
LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
HATHERLEIGH HOUSE PROPERTY COMPANY |
LIMITED |
HATHERLEIGH HOUSE PROPERTY COMPANY |
LIMITED (REGISTERED NUMBER: 01984357) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
HATHERLEIGH HOUSE PROPERTY COMPANY |
LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Unit 4 Mulgrave Chambers |
26-28 Mulgrave Road |
Sutton |
Surrey |
SM2 6LE |
HATHERLEIGH HOUSE PROPERTY COMPANY |
LIMITED (REGISTERED NUMBER: 01984357) |
BALANCE SHEET |
31 MARCH 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Maintenance reserve | 7 |
SHAREHOLDERS' FUNDS |
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. |
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 |
HATHERLEIGH HOUSE PROPERTY COMPANY |
LIMITED (REGISTERED NUMBER: 01984357) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
1. | STATUTORY INFORMATION |
Hatherleigh House Property Company Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts. |
The directors, having considered all the information available, are confident that the company has adequate reserves and resources to continue its operational activities for the foreseeable future. Accordingly, the directors are satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements. |
Revenue recognition |
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services supplied, net of any credits or discounts. |
Revenue is recognised in the accounting period in which the services were rendered and represents ground rents receivable from lessees. |
Tangible fixed assets |
Depreciation is not provided on freehold property where, in the opinion of the directors, the residual value of the property is such that any depreciation charge would be immaterial. |
Taxation |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. No liability to tax arose in the current or previous accounting period. |
Profit and loss |
It is considered that the activities of the company do not give rise to a profit or loss due to its nature of mutual trading. Any excess of ground rent levied over current expenditure will be transferred to the maintenance reserve as will any excess of current expenditure over ground rent levied. |
Maintenance reserve |
The maintenance reserve comprises sums set aside to carry forward as a provision against future costs. Such provision is considered prudent to enable the company to be able to meet those large items of expenditure which occur on a cyclical basis every few years. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
HATHERLEIGH HOUSE PROPERTY COMPANY |
LIMITED (REGISTERED NUMBER: 01984357) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
4. | TANGIBLE FIXED ASSETS |
Freehold |
land and |
buildings |
£ |
COST |
At 1 April 2022 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Due from residents for ground rent |
Amounts due from service charge account |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £280 | 5,040 |
7. | RESERVES |
Maintenance |
reserve |
£ |
At 1 April 2022 |
Profit for the year |
At 31 March 2023 |