IRIS Accounts Production
v23.2.0.158
03990379
Board of Directors
1.1.22
31.12.22
31.12.22
management of the property known as Hazel Mead Village, The Stripe, Stokesley, North Yorkshire.
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REGISTERED NUMBER: 03990379 (England and Wales) |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 |
HAZEL MEAD VILLAGE (STOKESLEY) |
MANAGEMENT COMPANY LIMITED |
Report of the Directors |
2 |
|
Notes to the Financial Statements |
5 |
|
|
DIRECTORS: |
G E Davies CEng FlMechE ARPS |
|
REGISTERED OFFICE: |
Ossington Chambers |
|
REGISTERED NUMBER: |
03990379 (England and Wales) |
|
ACCOUNTANTS: |
Stephenson Nuttall & Co |
The directors present their report with the financial statements of the company for the year ended 31st December 2022. |
The directors shown below have held office during the whole of the period from 1st January 2022 to the date of this report. |
G E Davies CEng FlMechE ARPS |
Other changes in directors holding office are as follows: |
Mrs R M Mayes was appointed as a director after 31st December 2022 but prior to the date of this report. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Service charge expenditure |
10,439 |
|
10,437 |
|
|
OPERATING SURPLUS/(DEFICIT) |
23 |
|
(33 |
) |
|
Interest receivable and similar income |
3 |
|
6 |
|
|
SURPLUS/(DEFICIT) BEFORE TAXATION |
26 |
|
(27 |
) |
|
Tax on surplus/(deficit) |
4 |
- |
|
- |
|
|
SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR |
26 |
|
(27 |
) |
|
Amounts falling due within one year |
6 |
11,715 |
|
7,754 |
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
- |
|
- |
|
|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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. |
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
The financial statements were approved by the Board of Directors and authorised for issue on 7th September 2023 and were signed on its behalf by: |
|
Hazel Mead Village (Stokesley) Management Company Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. |
|
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. |
|
During the year the company received from monies lessees, as agent, relating to service charges and associated income, which are held on trust and do not constitute turnover. |
|
Presentation of the income statement |
|
The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company accounts in order to provide more information to lessees and other parties who may be interested in the expenditure incurred in the management of the property. Within the Balance Sheet on page 4, the Reserve Fund is held to the credit of the lessees and included within creditors. |
3. |
EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was NIL (2021 - NIL). |
|
Directors' remuneration |
- |
|
- |
|
|
|
Analysis of the tax charge |
|
No liability to UK corporation tax arose for the year ended 31st December 2022 nor for the year ended 31st December 2021. |
5. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Bank Balance held by Managing Agents |
8,176 |
|
6,316 |
|
|
|
Service Charge Deficit |
157 |
|
176 |
|
|
6. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Transfer (to)/from Recoverable Service Charge Account |
(26 |
) |
|
8. |
RELATED PARTY DISCLOSURES |
|
The company is a mutual trading company and as such received income in the form of service charge from residents, some of whom are directors of the company. Service charges payable by the directors are on the same basis as for all of the other residents. No other transactions with related parties were undertaken such as are required to be disclosed under the FRS 102. |
9. |
LIMIT OF MEMBERS LIABILITY |
|
The liability of the members of the company is limited by guarantee to £1 each. |