Eliot Business Park Management Company Limited - Period Ending 2022-04-30

Eliot Business Park Management Company Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Balance Sheet	4
Notes to the Unaudited Financial Statements	5 to 7

Eliot Business Park Management Company Limited

Company Information

Directors

Mr Martin Victor Hill Mr Richard Henfryn Owen Mr Jonathan Gareth Fisher Mr Nicholas Peter Russell

Registered office

Unit 8 The Courtyard Goldsmith Way Eliot Business Park Nuneaton Warwickshire CV10 7RJ

Accountants

Pattinsons Business Services Ltd 8 The Courtyard Goldsmith Way Eliot Business Park Nuneaton CV10 7RJ

Eliot Business Park Management Company Limited

Directors' Report for the Year Ended 30 April 2022

The directors present their report and the financial statements for the year ended 30 April 2022.

Directors of the company

The directors who held office during the year were as follows:

Mr Martin Victor Hill

Mr Richard Henfryn Owen

Mr Jonathan Gareth Fisher

Mr Nicholas Peter Russell

Principal activity

The principal activity of the company is that of a management company collecting contributions from its members and expending them to the common good.

Small companies provision statement

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

Approved by the Board on 18 January 2023 and signed on its behalf by:

.........................................
Mr Nicholas Peter Russell
Director

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Eliot Business Park Management Company Limited
for the Year Ended 30 April 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Eliot Business Park Management Company Limited for the year ended 30 April 2022 as set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Eliot Business Park Management Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Eliot Business Park Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Eliot Business Park Management Company Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eliot Business Park Management Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Eliot Business Park 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 of Eliot Business Park Management Company Limited. You consider that Eliot Business Park Management Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Eliot Business Park 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 statutory accounts.

......................................

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

18 January 2023

Eliot Business Park Management Company Limited

(Registration number: 05742425)
Balance Sheet as at 30 April 2022

	Note	2022 £	2021 £
Current assets
Debtors	4	213	64
Cash at bank and in hand		20,446	24,825
		20,659	24,889
Creditors: Amounts falling due within one year	5	(1,668)	(5,681)
Total assets less current liabilities		18,991	19,208
Provisions for liabilities		(18,981)	(19,198)
Net assets		10	10
Capital and reserves
Called up share capital	6	10	10
Shareholders' funds		10	10

For the financial year ending 30 April 2022 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 18 January 2023 and signed on its behalf by:
 

.........................................

Mr Nicholas Peter Russell
Director

Eliot Business Park Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ
England

These financial statements were authorised for issue by the Board on 18 January 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Turnover

Turnover represents amounts receivable for service charges for the administration and maintenance of the property known as The Courtyard, Eliot Business Park. Nuneaton, net of VAT.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are contributions due from members.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Eliot Business Park Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2021 - 0).

4

Debtors

	2022 £	2021 £
Prepayments	70	54
Other debtors	143	10
	213	64

5

Creditors

Creditors: amounts falling due within one year

	Note	2022 £	2021 £
Due within one year
Taxation and social security		118	-
Other creditors		1,550	5,681
		1,668	5,681

Eliot Business Park Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022

6	Share capital

Allotted, called up and fully paid shares

	2022		2021
	No.	£	No.	£
Ordinary A shares of £1 each	10	10	10	10