LITTEN_PLACE_MANAGEMENT_C - Accounts

The directors present their annual report and financial statements for the year ended 31 December 2020. The company is dormant and has not traded during the year.

The principal activity of the company continued to be that of the management of the houses at Litten Place, Chichester, West Sussex.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

For the financial year ended 31 December 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Litten Place Management Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Park Farm, Chichester Road, Arundel, West Sussex, BN18 0AG.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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 leases. At 31 December 2020 the company had not entered into any non-cancellable contractual commitments (2019: none).

Freehold

The company owns the freehold of Litten Place, Chichester, PO19 7SA, which it acquired for £nil cost.

The average monthly number of persons (including directors) employed by the company during the year was:

Service charge accounts:

Included in service charge contributions is £685 charged to Cynthia Smith and Penelope Kemp who are directors of Litten Place Management Company Limited.