The Courtyard (Castle Gate) Management Company Limited
The Courtyard (Castle Gate) Management Company Limited
Registered number: 04440515
Unaudited Financial Statements
For The Year Ended
31 March 2021
SGW & Co
Fairfields
39 Main Street
Bunny
Nottinghamshire
NG11 6QU
The Courtyard (Castle Gate) Management Company Limited
Accountants' Report
For The Year Ended
31 March 2021
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of
The Courtyard (Castle Gate) Management Company Limited
For The Year Ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
The Courtyard (Castle Gate) Management Company Limited
For The Year Ended 31 March 2021 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of
The Courtyard (Castle Gate) Management Company Limited
, as a body, in accordance with the terms of our engagement letter dated 10 September 2015. Our work has been undertaken solely to prepare for your approval the accounts of
The Courtyard (Castle Gate) Management Company Limited
and state those matters that we have agreed to state to the directors of
The Courtyard (Castle Gate) Management Company Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
The Courtyard (Castle Gate) Management Company Limited
and its directors, as a body, for our work or for this report.
It is your duty to ensure that
The Courtyard (Castle Gate) Management Company Limited
has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of
The Courtyard (Castle Gate) Management Company Limited
. You consider that
The Courtyard (Castle Gate) Management Company Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of
The Courtyard (Castle Gate) Management Company Limited
. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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Fairfields
39 Main Street
Bunny
Nottinghamshire
NG11 6QU
The Courtyard (Castle Gate) Management Company Limited
Balance Sheet
As at
31 March 2021
Balance Sheet
Registered number:
04440515
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| Prepayments and accrued income |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Accruals and deferred income |
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| NET ASSETS |
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| CAPITAL AND RESERVES |
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Notes
1.
Average Number of Employees
Average number of employees, including directors, during the year was NIL (2020: NIL)
2.
Additional notes regarding accounting policies
Turnover
The Company is responsible for the management of the property at the The Courtyard, Nottingham, Nottinghamshire NG1 7AS. The Company collects service charges from leaseholders in accordance with the terms of the lease agreement in order to fund expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees which is imposed under Section 42 of the Landlord and Tenant Act 1987.
During the year the Company incurred expenditure in fulfilling its obligations under the terms of the lease for the property. The total costs incurred are recorded in the Company’s income and expenditure account as funds collected from lessees to discharge obligations under the lease. To meet these obligations the Company draws from service charge funds held in trust on behalf of the lessees.
A detailed summary of expenditure incurred in the period is made available to the lessees of the property under the terms of the lease and is prepared under The Institute of Chartered Accountants England and Wales best practice guidance for the preparation of Residential Service Charge Accounts (TECH 03/11).
Cash balances
Cash at bank does not include unspent amounts of service charge funds held in the Company’s bank account. Instead these unspent service charge funds are held in trust by the Company under Section 42 of the Landlord and Tenant Act 1987.
At the year end the amount of funds held in trust was £14,505 (2020: £8,205).
3.
General Information
The Courtyard (Castle Gate) Management Company Limited
Registered number
04440515
is a limited by shares company incorporated in England & Wales. The Registered Office is Fairfields, 39 Main Street, Bunny, Nottinghamshire, NG11 6QU.
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The Courtyard (Castle Gate) Management Company Limited
Balance Sheet (continued)
As at
31 March 2021
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
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Director
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