St. Bernard's Court (High Wycombe) Limit - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01074677 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2020

for

St. Bernard's Court (High Wycombe)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs V C Corrigall

M D Restrick

SECRETARY:

Leasehold Management Services Ltd.

REGISTERED OFFICE:

16 Manor Courtyard

Hughenden Avenue

High Wycombe

HP13 5RE

REGISTERED NUMBER:

01074677 (England and Wales)

ACCOUNTANTS:

Jacksons Accountants (Ascot) Limited

The Old Bakehouse

Course Road

Ascot

Berkshire

SL5 7HL

FIXED ASSETS

Investment property

4

-

-

CURRENT ASSETS

Debtors

5

2,488

3,530

Cash at bank

29,124

22,528

31,612

26,058

CREDITORS

Amounts falling due within one year

6

6,803

6,758

NET CURRENT ASSETS

24,809

19,300

TOTAL ASSETS LESS CURRENT LIABILITIES

24,809

19,300

CAPITAL AND RESERVES

Called up share capital

210

210

Other reserves

7

22,160

22,160

Retained earnings

7

2,439

(3,070

)

SHAREHOLDERS' FUNDS

24,809

19,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 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 21 September 2021 and were signed on its behalf by:

Mrs V C Corrigall - Director

1.	STATUTORY INFORMATION

St. Bernard's Court (High Wycombe) 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 represents service charges levied on residents based on budgeted expenditure for the year. This company is not registered for VAT.

Income also comprises ground rents due to the Company from the twenty one leaseholders.

Taxation

The company is a non-profit making enterprise and surpluses or deficits arising as a result of differences between service charges levied (based on estimated costs) and actual costs incurred do not fall within the scope of corporation tax. Tax is payable on ground rent and investment income only.

Residential management transactions

A statutory trust is imposed over service charge monies received under Section 42 of the Landlord and Tenant Act 1987 and the company therefore acts as a trustee in this capacity. As such the closing balance of cash and other assets are held in trust by the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	INVESTMENT PROPERTY

The company owns the freehold interest of St Bernards Court, High Wycombe, which was subject to twenty-one residential leases granted between 1972 and 1973 each of 999 years (the "Freehold Interest". The freehold title is registered with the Land Registry under title number BM401981.

The directors have not obtained an open market valuation for the Freehold Interest, and accordingly, the value of the Freehold Interest, should it have value, is not recorded in the financial statements. The directors are of the opinion that the cost of having the Freehold Interest professionally valued annually would be disproportionate to the value of this information to the Company and its shareholders.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Other debtors

2,488

3,530

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

4,408

5,891

Taxation and social security

56

56

Other creditors

2,339

811

6,803

6,758

7.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 January 2020

(3,070

)

22,160

19,090

Profit for the year

5,536

5,536

Service charge refunds

(27

)

-

(27

)

At 31 December 2020

2,439

22,160

24,599