Highfield Flat Owners Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04366909 (England and Wales)

Unaudited Financial Statements

for the Year Ended

28 February 2023

for

Highfield Flat Owners Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr W Pepper

Ms J Snowball

D J Finch

SECRETARY:

AMS Marlow Ltd

REGISTERED OFFICE:

Swan House

39 Savill Way

Marlow

SL7 1UB

REGISTERED NUMBER:

04366909 (England and Wales)

ACCOUNTANTS:

Jacksons Accountants (Ascot) Limited

The Old Bakehouse

Course Road

Ascot

Berkshire

SL5 7HL

FIXED ASSETS

Tangible assets

4

6,500

6,500

CURRENT ASSETS

Debtors

5

7,283

4,543

Cash at bank

60,750

70,178

68,033

74,721

CREDITORS

Amounts falling due within one year

6

700

4,080

NET CURRENT ASSETS

67,333

70,641

TOTAL ASSETS LESS CURRENT LIABILITIES

73,833

77,141

PROVISIONS FOR LIABILITIES

12,218

12,218

NET ASSETS

61,615

64,923

CAPITAL AND RESERVES

Called up share capital

11

11

Other reserves

3,058

3,058

Retained earnings

58,546

61,854

SHAREHOLDERS' FUNDS

61,615

64,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:

D J Finch - Director

1.	STATUTORY INFORMATION

Highfield Flat Owners Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents service charges levied on residents based on budgeted expenditure for the year. This company is not registered for VAT.

Tangible fixed assets

No depreciation is provided on the buildings as the residual value is considered to be sufficiently high so as to make depreciation immaterial.

Taxation

The company is a non-profit making enterprise and surpluses or deficits arising as a result of differences between service charges levied (based on estimated costs) and actual costs incurred do not fall within the scope of corporation tax. Tax is payable on investment income only.

Residential management transactions

A statutory trust is imposed over service charge monies received under Section 42 of the Landlord and Tenant Act 1987 and the company therefore acts as a trustee in this capacity. As such the closing balance of cash and other assets are held in trust by the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 March 2022

and 28 February 2023

6,500

NET BOOK VALUE

At 28 February 2023

6,500

At 28 February 2022

6,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Other debtors

11

11

Prepayments and accrued income

4,748

4,209

Amounts owed by leaseholders

2,524

323

7,283

4,543

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Accrued expenses

700

4,080