Priory Court (Rochester) Management Company Limited
Priory Court (Rochester) Management Company Limited
Registered number: 04538457
Unaudited Financial Statements
For The Year Ended
28 September 2022
TaxAssist Accountants
Chartered Accountants
714 London Road
Larkfield
KENT
ME20 6BL
Priory Court (Rochester) Management Company Limited
Unaudited Financial Statements
For The Year Ended
28 September 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Statement of Financial Position | 1—2 |
| Notes to the Financial Statements | 3—4 |
Page 1
Priory Court (Rochester) Management Company Limited
Statement of Financial Position
As at
28 September 2022
Statement of Financial Position
Registered number:
04538457
For the year ending 28 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 3 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 4 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
|
|
||
| Other reserves |
|
|
|||
| Income Statement |
|
|
|||
| SHAREHOLDERS' FUNDS | 14,050 | 11,792 | |||
Page 1
Page 2
Priory Court (Rochester) Management Company Limited
Statement of Financial Position (continued)
As at
28 September 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
|
Director
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Priory Court (Rochester) Management Company Limited
Notes to the Financial Statements
For The Year Ended
28 September 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5 (2021: 5)
3.
Debtors
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
( |
|
|
| Service Charges Owed |
|
|
|
| Directors' loan accounts |
|
|
|
|
|
|
||
4.
Creditors: Amounts Falling Due Within One Year
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Surplus to be Credited to Owners |
|
|
|
| Accruals and deferred income |
|
|
|
|
|
|
||
Page 3
Page 4
Priory Court (Rochester) Management Company Limited
Notes to the Financial Statements (continued)
For The Year Ended
28 September 2022
5.
Share Capital
| 2022 | 2021 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
|
|
|
6.
General Information
Priory Court (Rochester) Management Company Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
04538457
. The registered office is Priory Court, 24 Star Hill, Rochester, KENT, ME1 1GB.
Page 4