Mulberry Mews (Silver Street) Management Company Limited Filleted accounts for Companies House (small and micro)

MULBERRY MEWS (SILVER STREET) MANAGEMENT COMPANY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05541371

Mulberry Mews (Silver Street) Management Company Limited

Company Limited by Guarantee

Filleted Unaudited Financial Statements

31 August 2022

Mulberry Mews (Silver Street) Management Company Limited

Company Limited by Guarantee

Statement of Financial Position

31 August 2022

	2022		2021
Note	£	£	£

Current assets

Debtors	5	1,590	3,185
Cash at bank and in hand		4,125	1,931
		-------	-------
		5,715	5,116

Creditors: amounts falling due within one year	6	448		373
		-------		-------
Net current assets			5,267	4,743
			-------	-------
Total assets less current liabilities			5,267	4,743
			-------	-------
Net assets			5,267	4,743
			-------	-------

Capital and reserves

Profit and loss account	5,267	4,743
	-------	-------
Members funds	5,267	4,743
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 April 2023 , and are signed on behalf of the board by:

D J Edler
Director

Company registration number: 05541371

Mulberry Mews (Silver Street) Management Company Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 August 2022

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 61a Silver Street, Nailsea, Bristol, BS48 2DS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Income represents service charges levied on the flat owners in the year.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Company limited by guarantee

The company is limited by guarantee. The liability of each member is restricted to £1.

5. Debtors

	2022	2021
	£	£
Other debtors	1,590	3,185
	-------	-------

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Other creditors	88	13
Other creditors	360	360
	----	----
	448	373
	----	----

7. Related party transactions

£1,590 was due from the owners at the year end (2021 £3,185). £75 was paid in advance by the flat owners at the year end (2021 £Nil). 61 owed £Nil 61a owed £20 61b paid in advance £75 61c owed £1,545 61d owed £Nil 61e £25