REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2022 |
for |
Cromwell Management Company (Staines) |
Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2022 |
for |
Cromwell Management Company (Staines) |
Limited |
Cromwell Management Company (Staines) |
Limited (Registered number: 06777048) |
Contents of the Financial Statements |
for the Year Ended 31 December 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Cromwell Management Company (Staines) |
Limited |
Company Information |
for the Year Ended 31 December 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
4 Riverview |
Walnut Tree Close |
Guildford |
Surrey |
GU1 4UX |
Cromwell Management Company (Staines) |
Limited (Registered number: 06777048) |
Balance Sheet |
31 December 2022 |
2022 | 2021 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 | ( |
) |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Retained earnings |
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 |
Cromwell Management Company (Staines) |
Limited (Registered number: 06777048) |
Notes to the Financial Statements |
for the Year Ended 31 December 2022 |
1. | STATUTORY INFORMATION |
Cromwell Management Company (Staines) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Taxation |
The company is exempt from corporation tax, it being a company not carrying on a business for the purpose of making a profit. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors | ( |
) |
Other debtors |
( |
) |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Maintenance Reserve | 13,276 | - |
Accrued expenses |
6. | MEMBERS LIABILITY |
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1 |
Cromwell Management Company (Staines) |
Limited (Registered number: 06777048) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
7. | MAINTENANCE RESERVE |
As stated in the 2021 accounts,historically the financial statements have been prepared on the basis that any excess of service charges received have been shown as general reserves of the company. The Directors consider that in order to comply with the requirements of the property leases any such excess of service charges should be disclosed as a separate Maintenance Reserve on the balance sheet. Therefore the financial statements for this year have been adjusted to transfer the general reserve as at 31 December 2021 of £10,060 to a Maintenance Reserve along with this years' surplus of £3,215. |