Oaklands Estate Management Co. Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03373238

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 24 JUNE 2022

FOR

OAKLANDS ESTATE MANAGEMENT CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms C Ball

M Carmody

Mrs C Harrison

REGISTERED OFFICE:

Penns Cottage

Horsham Road

Steyning

West Sussex

BN44 3LJ

REGISTERED NUMBER:

03373238

ACCOUNTANTS:

Galloways Accounting

First Floor

Ridgeland House

15 Carfax

Horsham

West Sussex

RH12 1DY

CURRENT ASSETS

Debtors

3

820

515

Cash at bank

23,012

23,010

23,832

23,525

CREDITORS

Amounts falling due within one year

4

3,369

3,287

NET CURRENT ASSETS

20,463

20,238

TOTAL ASSETS LESS CURRENT LIABILITIES

20,463

20,238

CAPITAL AND RESERVES

Called up share capital

15

15

Retained earnings

20,448

20,223

SHAREHOLDERS' FUNDS

20,463

20,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 June 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 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 14 January 2023 and were signed on its behalf by:

Ms C Ball - Director

1.	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.

The accounts have been prepared as the financial statements for the resident management company acting as principal for all transactions during the year. Because of this, transactions entered into have been recognised in the profit and loss report, as per guidance from ICAEW under UITF 92 and previous legislation. The cash balance held by the company is being held on trust for the lessees in accordance with the Landlords and Tenants Act 1987, and is not an asset of the company.

Turnover

Turnover represents service charges payable towards the management of property known as Oaklands, Oakhill Road, Horsham, West Sussex

2.	EMPLOYEES AND DIRECTORS

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

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24.6.22

24.6.21

£

£

Trade debtors

785

515

Prepayments and accrued income

35

-

820

515

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24.6.22

24.6.21

£

£

Payments on account

1,260

1,155

Accrued expenses

2,109

2,132

3,369

3,287

5.

RESERVES

Profit and

Major works

TOTALS

loss account

reserve fund

At 25 June 2021

20,223

-

20,223

Profit for the year

225

225

Major works

Transfer to cyclical maintenance

Balance at 24 June 2022

20,448

-

20,448

6.	REPAIRS TO PROPERTY

£

Plants

68

Bed slats fitting

185

Storm dried corner wall

375

Paint work - staircases

2,050

2,678