Coronation Avenue (Management) Co Ltd - Limited company accounts 22.3

REGISTERED NUMBER: 02768125 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

FOR

CORONATION AVENUE (MANAGEMENT) COMPANY

LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Miss P J Holmes

A J Snow

SECRETARY:

Arrow Leasehold Management Limited

REGISTERED OFFICE:

c/o Arrow Leasehold Management

Trafalgar House

712 London Road

West Thurrock

Essex

RM20 3JT

REGISTERED NUMBER:

02768125 (England and Wales)

ACCOUNTANTS:

Platt Rushton LLP

Chartered Accountants

Sutherland House

1759 London Road

Leigh on Sea

Essex

SS9 2RZ

The directors present their report with the financial statements of the company for the year ended 31st March 2022.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the administration of variable service charges as agents of the statutory trust for the residents of Coronation Court, 230-300 (evens) Coronation Avenue, East Tilbury.

Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987.

The managing agents have determined that the company is acting as principal in contracts with suppliers of goods and services to the property.

Lessees can obtain detailed financial information concerning the service charges in the separately prepared service charge accounts available from Arrow Leasehold Management.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2021 to the date of this report.

Miss P J Holmes

A J Snow

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Miss P J Holmes - Director

6th December 2022

TURNOVER

-

Administrative expenses

45,754

47,108

(45,754

)

(47,108

)

Other operating income

45,754

47,108

OPERATING PROFIT and

PROFIT BEFORE TAXATION

-

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

-

CURRENT ASSETS

Debtors

5

3,192

4,271

CREDITORS

Amounts falling due within one year

6

3,156

4,235

NET CURRENT ASSETS

36

TOTAL ASSETS LESS CURRENT
LIABILITIES

36

CAPITAL AND RESERVES

Called up share capital

36

SHAREHOLDERS' FUNDS

36

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 6th December 2022 and were signed on its behalf by:

Miss P J Holmes - Director

1.	STATUTORY INFORMATION

Coronation Avenue (Management) Company 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	SERVICE CHARGE BALANCES

Service Charge Funds are held in accounts at Barclays Bank. At the balance sheet date, balances reflected in the service charge accounts were:

Service charges due £6,047 (2021 £17,959)

bank balances £34,289 (2021 £136,096)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Other debtors

3,192

4,271

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Trade creditors

1,478

2,036

Other creditors

1,678

2,199

3,156

4,235