| The Moorings (Myton Road, Leamington Spa) Management Company |
| Registered number: |
03046156 |
| Directors' Report |
|
| The directors present their report and accounts for the year ended 31 December 2022. |
|
| Principal activities |
| The company's principal activity during the year continued to be management and administration, on a non profit basis, of property communal areas. |
|
| Directors |
| The following persons served as directors during the year: |
|
|
Mr N P W Miller |
|
Mr J D Abbott |
|
Mr J S Dunlop |
|
| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| This report was approved by the board on 19 September 2023 and signed by its order. |
|
|
|
|
|
| Exclusive Property Management Limited |
| Secretary |
|
| The Moorings (Myton Road, Leamington Spa) Management Company |
| Accountants' Report |
|
|
| Accountants' report to the directors of |
| The Moorings (Myton Road, Leamington Spa) Management Company |
|
| You consider that the company is exempt from an audit for the year ended 31 December 2022. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We do not express an opinion as to the adequacy of the Reserve Funds. Subject to the above, in our opinion the Income and Expenditure account is a true and fair view of the service charge accounts and is sufficiently supported by accounts,receipts and other documents which have been produced to us. |
|
| Accountancy Admin Limited |
| Accountants |
| Llwyngwril |
| Gwynedd |
|
| 19 September 2023 |
|
| The Moorings (Myton Road, Leamington Spa) Management Company |
| Registered number: |
03046156 |
| Balance Sheet |
| as at 31 December 2022 |
|
| Notes |
|
2022 |
|
2021 |
| £ |
£ |
£ |
£ |
| Current assets |
| Debtors |
4 |
|
9,868 |
|
|
5,718 |
| Cash at bank and in hand |
|
|
177,876 |
|
|
165,429 |
|
|
|
187,744 |
|
|
171,147 |
|
| Creditors: amounts falling due within one year |
5 |
|
(29,102) |
|
|
(5,993) |
|
| Net current assets |
|
|
|
158,642 |
|
|
165,154 |
|
| Net assets |
|
|
|
158,642 |
|
|
165,154 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Lifts Reserve Fund for Major Works |
6 |
|
|
18,571 |
|
|
18,418 |
| General Reserve Fund for Major Works |
7 |
|
|
140,071 |
|
|
146,736 |
|
| Property funds |
|
|
|
158,642 |
|
|
165,154 |
|
|
|
|
|
|
|
|
| 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 income and expenditure account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr N P W Miller |
| Director |
| Approved by the board on 19 September 2023 |
|
| The Moorings (Myton Road, Leamington Spa) Management Company |
| Notes to the Accounts |
| for the year ended 31 December 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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. |
|
|
Turnover |
|
Turnover represents the invoiced value of Service charges recharged to owners. |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2022 |
18,928 |
|
At 31 December 2022 |
18,928 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2022 |
18,928 |
|
At 31 December 2022 |
18,928 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2022 |
- |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Resident Service Charge Arrears |
2,478 |
|
(1,117) |
|
Prepayments |
|
|
|
|
7,390 |
|
6,835 |
|
|
|
|
|
|
9,868 |
|
5,718 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Residents Service Charge Balances - Credits |
|
|
|
|
23,350 |
|
- |
|
Accrued Costs |
5,752 |
|
5,993 |
|
|
|
|
|
|
29,102 |
|
5,993 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Lifts Reserve Fund for Major Works |
2022 |
|
2021 |
| £ |
£ |
|
|
At 1 January 2022 |
18,418 |
|
24,662 |
|
Surplus/(deficit) for the year |
153 |
|
(6,244) |
|
|
At 31 December 2022 |
18,571 |
|
18,418 |
|
|
|
|
|
|
|
|
|
| 7 |
General Reserve Fund for Major Works |
2022 |
|
2021 |
| £ |
£ |
|
|
At 1 January 2022 |
146,736 |
|
135,672 |
|
(Deficit)/surplus for the year |
(6,665) |
|
31,890 |
|
Adjustments to reserves current year |
- |
|
(20,826) |
|
At 31 December 2022 |
140,071 |
|
146,736 |
|
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
The company derives its income from the property owners.Some of the directors are owners and therefore enter into transactions with the company in the form of service charges to the company.
All such transactions are conducted on the same terms as transactions with other shareholders, and on an arms length basis. |
|
|
| 9 |
Other information |
|
|
The Moorings (Myton Road, Leamington Spa) Management Company is a private company limited by guarantee and is incorporated in England. Its registered office is: |
|
Six Olton Bridge |
|
245 Warwick Road |
|
Solihull |
|
West Midlands |
|
B92 7AH |
