Hawthorn Court Management Company Limited Filleted accounts for Companies House (small and micro)

Hawthorn Court Management Company Limited Filleted accounts for Companies House (small and micro)

HAWTHORN COURT MANAGEMENT COMPANY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04346981
HAWTHORN COURT MANAGEMENT COMPANY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2020
HAWTHORN COURT MANAGEMENT COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2020
2020
2019
Note
£
£
£
£
Current assets
Debtors
4
5,179
5,159
Creditors: amounts falling due within one year
5
( 273)
( 260)
------------
------------
Net current assets
4,906
4,899
------------
------------
Total assets less current liabilities
4,906
4,899
------------
------------
Net assets
4,906
4,899
------------
------------
Capital and reserves
Called up share capital
26
26
Profit and loss account
4,880
4,873
------------
------------
Members funds
4,906
4,899
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2020 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 September 2021 , and are signed on behalf of the board by:
W F Stonor
Director
Company registration number: 04346981
HAWTHORN COURT MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/o Joseph Miller, Floor A, Milburn House, Dean Street, Newcastle upon Tyne, NE1 1LE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Service charges
Under section 42 of the Landlord and Tenant Act 1987, service charge funds are held in trust by the management company on behalf of the tenants. Such funds do not belong to the management company and are therefore not accounted for by it.
Revenue recognition
Turnover represents ground rent receivable from the lessees.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Debtors
2020
2019
£
£
Other debtors
5,179
5,159
------------
------------
5. Creditors: amounts falling due within one year
2020
2019
£
£
Corporation tax
8
6
Other creditors
265
254
------------
------------
273
260
------------
------------