Saxon Court Apartments (WSM) Ltd - Period Ending 2020-09-30

Saxon Court Apartments (WSM) Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Saxon Court Apartments (WSM) Ltd

Company Information

Directors

A Wilmot S A Cox P R Fish

Company secretary

Mrs E L B Hunter

Registered office

Office 3, Pure Offices Pastures Avenue St Georges Weston-super-Mare Somerset BS22 7SB

Accountants

Four Fifty Partnership Chartered Accountants 34 Boulevard Weston-super-Mare Somerset BS23 1NF

Saxon Court Apartments (WSM) Ltd

(Registration number: 02678185)
Balance Sheet as at 30 September 2020

	Note	2020 £	2019 £
Current assets
Debtors	4	71	72
Creditors: Amounts falling due within one year	5	(45)	(46)
Net assets		26	26
Capital and reserves
Called up share capital		26	26
Shareholders' funds		26	26

For the financial year ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 1 March 2021 and signed on its behalf by:
 

.........................................

P R Fish
Director

Saxon Court Apartments (WSM) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£).

Revenue recognition

Turnover represents amounts receivable from members and lessee flat owners in respect of ground rent.

Contractual commitments

The company contracts with third parties in its own name for the supply of services to the property for maintenance of the common parts in accordance with the terms of the lease. At 31 September 2020 the company had not entered into any non-cancellable contractual commitments. (2019: Non-cancellable contractual commitment to the sum of £Nil).

Saxon Court Apartments (WSM) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020

2	Accounting policies (continued)

Residential property management trust

The company has only a small amount of income and expenditure in its own right. The majority of the transactions in the year relate to the maintenance of the common parts of the property in accordance with the lease. Income and expenditure arising from these transactions are shown in separate service charge accounts for the property, they do not form part of annual accounts of the company and are not filed at Companies House. All service charges monies received from the residents of the property are held on trust for the residents. As at the balance sheet date, the monies held in trust for future maintenance of the aforementioned property amount to £13,402 (2019: £14,230).

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2019 - 0).

4

Debtors

	2020 £	2019 £
Other debtors	71	72
	71	72

Saxon Court Apartments (WSM) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020

5

Creditors

Creditors: amounts falling due within one year

	2020 £	2019 £
Due within one year
Other creditors	45	46