The Orchard Residents Management Company Limited - Period Ending 2022-07-31
The Orchard Residents Management Company Limited - Period Ending 2022-07-31
Registration number:
The Orchard Residents Management Company Limited
(A company limited by guarantee)
for the Year Ended 31 July 2022
The Orchard Residents Management Company Limited
Contents
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
The Orchard Residents Management Company Limited
(Registration number: 05888819)
Balance Sheet as at 31 July 2022
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2022 |
2021 |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Reserves |
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Retained earnings |
3,867 |
3,135 |
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Surplus |
3,867 |
3,135 |
For the financial year ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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The Orchard Residents Management Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022
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General information |
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
United Kingdom
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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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.
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.
Debtors
Trade debtors are amounts due from residents for services performed in the ordinary course of business.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
The Orchard Residents Management Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Creditors |
Creditors: amounts falling due within one year
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2022 |
2021 |
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Due within one year |
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Other creditors |
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