St Georges Court (Sutton Coldfield) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02298726 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

FOR

St. George's Court (Sutton Coldfield)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P Thompson

D Crane

F Graham

Mrs J Smith

L Dunning

SECRETARY:

Retirement Security Limited

REGISTERED OFFICE:

18 Wood Street

Stratford-upon-Avon

Warwickshire

CV37 6JF

REGISTERED NUMBER:

02298726 (England and Wales)

AUDITORS:

C Wiltshire & Co

Registered Auditor

17 Greenhill Street

Stratford upon Avon

CV37 6LF

CURRENT ASSETS

Stocks

1,440

1,210

Debtors

4

24,705

27,534

Cash at bank and in hand

186,232

184,348

212,377

213,092

CREDITORS

Amounts falling due within one year

5

24,777

14,206

NET CURRENT ASSETS

187,600

198,886

TOTAL ASSETS LESS CURRENT LIABILITIES

187,600

198,886

CREDITORS

Amounts falling due after more than one year

6

187,551

198,837

NET ASSETS

49

49

CAPITAL AND RESERVES

Called up share capital

49

49

SHAREHOLDERS' FUNDS

49

49

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

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 19th August 2022 and were signed on its behalf by:

D Crane - Director

F Graham - Director

1.	STATUTORY INFORMATION

St. George's Court (Sutton Coldfield) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

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 17 (2021 - 19 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

19,247

18,839

Other debtors

5,458

8,695

24,705

27,534

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

13,463

2,345

Taxation and social security

405

568

Other creditors

10,909

11,293

24,777

14,206

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other creditors

187,551

198,837

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Wiltshire (Senior Statutory Auditor)

for and on behalf of C Wiltshire & Co

8.	RELATED PARTY DISCLOSURES

The company owns 250 shares in Retirement Security Limited which owns the freehold of the properties leased by the members of the company and acts as its Company Secretary and managing agent responsible for financial and property matters. Retirement Security receives management fees for its agency services and a commission from the proceeds of sale of apartments.

9.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

10.	ULTIMATE CONTROLLING PARTY

No one person has ultimate control over the company

11.	TRANSACTIONS WITH DIRECTORS

The directors are also owners of leasehold properties at the court and utilise services provided on the same terms as the other owners.