REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2022 |
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for |
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HAZELHURST COURT (LLANDAFF NORTH) |
MANAGEMENT COMPANY LIMITED |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2022 |
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for |
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HAZELHURST COURT (LLANDAFF NORTH) |
MANAGEMENT COMPANY LIMITED |
HAZELHURST COURT (LLANDAFF NORTH) |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04091680) |
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Contents of the Financial Statements |
FOR THE YEAR ENDED 31 MARCH 2022 |
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Page |
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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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HAZELHURST COURT (LLANDAFF NORTH) |
MANAGEMENT COMPANY LIMITED |
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Company Information |
FOR THE YEAR ENDED 31 MARCH 2022 |
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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 Accountants |
Fairway House |
Links Business Park |
St Mellons, Cardiff |
CF3 0LT |
HAZELHURST COURT (LLANDAFF NORTH) |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04091680) |
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Balance Sheet |
31 MARCH 2022 |
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2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 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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Retained earnings |
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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. |
HAZELHURST COURT (LLANDAFF NORTH) |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04091680) |
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Balance Sheet - continued |
31 MARCH 2022 |
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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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HAZELHURST COURT (LLANDAFF NORTH) |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04091680) |
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Notes to the Financial Statements |
FOR THE YEAR ENDED 31 MARCH 2022 |
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1. | STATUTORY INFORMATION |
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HAZELHURST COURT (LLANDAFF NORTH) MANAGEMENT COMPANY LIMITED is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) as amended by the recommendations of Financial Reporting Exposure Draft 50, however it has been decided to continue to recognise cash held at bank as an asset of the company in order to be consistent with the treatment in previous years. |
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Turnover |
Turnover represents contributions from tenants excluding value added tax. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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HAZELHURST COURT (LLANDAFF NORTH) |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04091680) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2022 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Cash at bank |
A statutory trust is imposed over the service charge monies received under Section 42 of the Landlord and Tenant Act 1987 and that the residential management company acts as a trustee in this capacity. |
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The closing balance of cash held in trust as at 31 March 2022 was £17,327 (2021 £15,958) |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
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COST |
At 1 April 2021 |
and 31 March 2022 |
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AMORTISATION |
At 1 April 2021 |
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Charge for year |
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At 31 March 2022 |
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NET BOOK VALUE |
At 31 March 2022 |
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At 31 March 2021 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other debtors |
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HAZELHURST COURT (LLANDAFF NORTH) |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04091680) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2022 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
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Accrued expenses |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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During the year the directors of the company each contributed £840 to the company, this is in line with contributions of the remaining tenants for the maintenance and upkeep of the property. |
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8. | ULTIMATE CONTROLLING PARTY |
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The is no ultimate controlling party, the company is controlled equally by the members who all have equal shareholdings. |