Onslow Court Management (Richmond) Limited - Period Ending 2022-12-31

Onslow Court Management (Richmond) Limited

Directors' Report for the Year Ended 31 December 2022

The directors present their report and the financial statements for the year ended 31 December 2022.

Directors of the company

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

J Bell

F Bourne

J Evans

R Jayaswal

T I Whittaker

N S Sharif

Principal activity

The principal activity of the company is holding and maintaining the freehold property at 63 Onslow Road, Richmond on behalf of the leaseholders.

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 and authorised by the Board on 25 May 2023 and signed on its behalf by:
 

......................................... J Bell Director

Onslow Court Management (Richmond) Limited

Profit and Loss Account and Statement of Retained Earnings
for the Year Ended 31 December 2022

	Note	2022 £	2021 £
Turnover		3,502	5,461
Administrative expenses		(3,502)	(5,461)
Operating profit/(loss)		-	-
Profit/(loss) before tax		-	-
Profit/(loss) for the financial year		-	-
Retained earnings brought forward		-	-
Retained earnings carried forward		-	-

Onslow Court Management (Richmond) Limited

(Registration number: 01652570)
Balance Sheet as at 31 December 2022

	Note	2022 £	2021 £
Current assets
Debtors	4	904	757
Cash at bank and in hand		1,918	1,937
		2,822	2,694
Creditors: Amounts falling due within one year	5	(2,724)	(2,596)
Net assets		98	98
Capital and reserves
Called up share capital	6	98	98
Shareholders' funds		98	98

For the financial year ending 31 December 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 25 May 2023 and signed on its behalf by:
 

......................................... J Bell Director

Onslow Court Management (Richmond) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
63 Onslow Road
Richmond
Surrey
TW10 6QA
England

These financial statements were authorised for issue by the Board on 25 May 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 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.

Turnover

Turnover represents service charges receivable from the leaseholders, all of whom are shareholders, during the year.

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.

3	Staff numbers

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

4

Debtors

Current	2022 £	2021 £
Prepayments	904	757

Onslow Court Management (Richmond) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

5

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Due within one year
Accruals and deferred income	390	360
Other creditors	2,334	2,236
	2,724	2,596

6	Share capital

Allotted, called up and fully paid shares

	2022		2021
	No.	£	No.	£
Ordinary shares of £0.10 each	976	98	976	98