Abbey Court (Camberley) Ltd. - Period Ending 2021-12-31

Abbey Court (Camberley) Ltd.

(Registration number: 07069803)
Statement of Financial Position as at 31 December 2021

	Note	2021 £	2020 £
Fixed assets
Tangible assets	4	112,900	112,900
Current assets
Debtors	5	9,475	9,513
Cash at bank and in hand		69,424	92,226
		78,899	101,739
Creditors: Amounts falling due within one year	6	(10,459)	(6,678)
Net current assets		68,440	95,061
Net assets		181,340	207,961
Capital and reserves
Called up share capital		39	39
Income and expenditure account		181,301	207,922
Shareholders' funds		181,340	207,961

For the financial year ending 31 December 2021 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 Income Statement has been taken.

Approved and authorised by the Board on 5 September 2022 and signed on its behalf by:
 

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

Mrs P C Pagett
Director

Abbey Court (Camberley) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

1	General information

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

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY,

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 financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents the service charges and rental income receivable from the residents and others for the year in question.

Tax

The tax expense for the period comprises 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land	nil

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Abbey Court (Camberley) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2020 - 0).

Due to the nature of the company’s activities there were no employees in the current or previous year.

4	Tangible assets

	Freehold property £	Total £
Cost or valuation
At 1 January 2021	112,900	112,900
At 31 December 2021	112,900	112,900
Depreciation
Carrying amount
At 31 December 2021	112,900	112,900
At 31 December 2020	112,900	112,900

5

Debtors

	2021 £	2020 £
Prepayments	4,173	4,045
Other debtors	5,302	5,468
	9,475	9,513

6

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Accruals and deferred income	7,474	4,693
Other creditors	2,985	1,985
	10,459	6,678