REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 December 2021 |
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for |
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Shaw Park (Crowthorne) Management Co. |
Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 December 2021 |
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for |
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Shaw Park (Crowthorne) Management Co. |
Limited |
Shaw Park (Crowthorne) Management Co. |
Limited (Registered number: 03506148) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2021 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Certified Accountants' Report | 7 |
Shaw Park (Crowthorne) Management Co. |
Limited |
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Company Information |
for the Year Ended 31 December 2021 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Beechey House |
87 Church Street |
Crowthorne |
Berkshire |
RG45 7AW |
Shaw Park (Crowthorne) Management Co. |
Limited (Registered number: 03506148) |
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Balance Sheet |
31 December 2021 |
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31.12.21 | 31.12.20 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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RESERVES |
Maintenance reserve | 6 |
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Income and expenditure account | 6 |
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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 surplus or deficit 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. |
Shaw Park (Crowthorne) Management Co. |
Limited (Registered number: 03506148) |
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Balance Sheet - continued |
31 December 2021 |
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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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Shaw Park (Crowthorne) Management Co. |
Limited (Registered number: 03506148) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2021 |
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1. | STATUTORY INFORMATION |
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Shaw Park (Crowthorne) Management Co. Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A |
"Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in |
the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been |
prepared under the historical cost convention. |
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Significant judgements and estimates |
In the application of the company's accounting policies, management is required to make |
judgements, estimates and assumptions about the carrying values of assets and liabilities that are |
not readily apparent from other sources. The estimates and underlying assumptions are based on |
historical experience and other factors that are considered to be relevant. Actual results may differ |
from these estimates. |
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The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to |
accounting estimates are recognised in the period in which the estimate is revised if the revision |
affects only that period, or in the period of the revision and future periods if the revision affects |
both current and future periods. |
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Turnover |
Turnover represents the amount of service charges payable by residents for the upkeep of the exterior and communal areas of the property. It is accounted for on an accruals basis. |
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Financial instruments |
Debtors relate to either unpaid service charges and are adjusted for impairment if considered necessary, or prepaid expenditure. |
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Cash is represented by cash equivalents and cash in hand with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
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Creditors are detailed in Note 9 to these Financial Statements and are measured at present value. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 - NIL). |
Shaw Park (Crowthorne) Management Co. |
Limited (Registered number: 03506148) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.21 | 31.12.20 |
£ | £ |
Prepayments |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.21 | 31.12.20 |
£ | £ |
Payments on account |
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Other creditors |
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6. | RESERVES |
Income |
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expenditure | Maintenance |
account | reserve | Totals |
£ | £ | £ |
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At 1 January 2021 |
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34,069 |
Deficit for the year | ( |
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Transfer | 7,237 | (7,237 | ) | - |
At 31 December 2021 |
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26,832 |
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7. | ANALYSIS OF MAINTENANCE RESERVE |
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Transfers |
At | to/from | At |
1 January | profit and | 31 December |
2021 | loss account | 2021 |
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External maintenance | 3,495 | 3,000 | 6,495 |
Internal maintenance | 15,511 | 763 | 16,274 |
Carpeting | 11,048 | -11,000 | 48 |
General | 247 | - | 247 |
30,301 | -7,237 | 23,064 |
Shaw Park (Crowthorne) Management Co. |
Limited (Registered number: 03506148) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
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8. | ANALYSIS OF REPAIRS AND MAINTENANCE |
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£ |
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Carpet Replacement | 11,982 |
General Maintenance | 924 |
Roof Repairs | 480 |
Electrical Tests | 125 |
Drains Clearance | 918 |
Lighting Maintenance | 355 |
14,784 |
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9. | ANALYSIS OF DEBTORS |
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Insurance prepaid to 24 March 2022 | 2,766 |
2,766 |
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10. | ANALYSIS OF CREDITORS |
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Amounts received in advance from flats | 8,248 |
Accountancy fee | 708 |
Provision December light and heat costs | 105 |
Provision for accrued water rates | 1,148 |
Cleaning creditor | 180 |
Gardening creditor | 320 |
10,709 |
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11. | SHARE CAPITAL |
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The company is limited by guarantee to the extent that each member is liable on the event of liquidation to the sum of £1. The membership of the company at the year end was 33. |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Shaw Park (Crowthorne) Management Co. |
Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shaw Park (Crowthorne) Management Co. Limited for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the Board of Directors of Shaw Park (Crowthorne) Management Co. Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shaw Park (Crowthorne) Management Co. Limited and state those matters that we have agreed to state to the Board of Directors of Shaw Park (Crowthorne) Management Co. Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Shaw Park (Crowthorne) Management Co. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Shaw Park (Crowthorne) Management Co. Limited. You consider that Shaw Park (Crowthorne) Management Co. Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Shaw Park (Crowthorne) Management Co. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Certified Accountants |
Beechey House |
87 Church Street |
Crowthorne |
Berkshire |
RG45 7AW |
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Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Shaw Park (Crowthorne) Management Co. |
Limited |
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