| Mead (Merton) Management Company Limited |
| Registered number: |
02076464 |
| Balance Sheet |
| as at 31 December 2022 |
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| Notes |
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2022 |
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2021 |
| £ |
£ |
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| Current assets |
| Total assets less current liabilities |
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|
- |
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- |
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| Capital and reserves |
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| Members' funds |
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|
|
- |
|
|
- |
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|
| Number |
Number |
| Average number of employees |
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0 |
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0 |
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| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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| K Peek |
| Director |
| Approved by the board on 7 July 2023 |
|
| Mead (Merton) Management Company Limited |
| Notes to the Accounts |
| for the year ended 31 December 2022 |
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|
| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Compliance with accounting standards |
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The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated). |
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Accounting policies |
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The principal activity of the Company continued to be that of the management and administration, on a non-profit making basis, of the communal areas relating to the development on behalf of the property owners, lessees or tenants. The Company has no income or expenditure in its own right. All transactions in the year relate to the maintenance of the common parts in accordance with the lease. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the Company and are not filed at Companies House. |
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A statutory trust is imposed over all service charge monies received under Section 42 of the Landlord and Tenant Act 1987. The residential management company acts as a trustee in this capacity. The balance of funds held at the year end totals £507 with expenditure of £10,536 incurred for the period under review. |
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The Company is limited by guarantee. The members of the Company will contribute a nominal amount in the event of an insolvent dissolution. |
