ACCOUNTS - Final Accounts preparation

CRAWSHAY COURT (LANGLAND BAY) MANAGEMENT COMPANY LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-010trueNo description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0false 02548806 2022-04-01 2023-03-31 02548806 2021-04-01 2022-03-31 02548806 2023-03-31 02548806 2022-03-31 02548806 c:Director3 2022-04-01 2023-03-31 02548806 d:CurrentFinancialInstruments 2023-03-31 02548806 d:CurrentFinancialInstruments 2022-03-31 02548806 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02548806 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02548806 d:ShareCapital 2023-03-31 02548806 d:ShareCapital 2022-03-31 02548806 c:FRS102 2022-04-01 2023-03-31 02548806 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02548806 c:FullAccounts 2022-04-01 2023-03-31 02548806 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 02548806

CRAWSHAY COURT (LANGLAND BAY) MANAGEMENT COMPANY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

CRAWSHAY COURT (LANGLAND BAY) MANAGEMENT COMPANY LIMITED

REGISTERED NUMBER: 02548806

BALANCE SHEET

AS AT 31 MARCH 2023

		2023		2022
Note		£		£


Current assets
Debtors: amounts falling due within one year	5	5,283		3,511
Cash at bank and in hand	6	11,991		7,952
		17,274		11,463
Creditors: amounts falling due within one year	7	(17,034)		(11,223)
Net current assets			240		240
Total assets less current liabilities			240		240

Net assets			240		240

Capital and reserves
Called up share capital	240	240
	240	240

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Patricia Osowicz

Director

Date: 17 November 2023

The notes on pages 3 to 5 form part of these financial statements.

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CRAWSHAY COURT (LANGLAND BAY) MANAGEMENT COMPANY LIMITED

REGISTERED NUMBER: 02548806

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

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CRAWSHAY COURT (LANGLAND BAY) MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.	General information

Crawshay Court (Langland Bay) Management Company Limited is a private company, limited by shares registered in England and Wales. The company's registered number and registered office address are:
Registered Number: 02548806
Registered office address: 37 Walter Road,
Swansea
SA1 5NW
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Turnover
Turnover represents the income necessary to meet the central costs of the property maintenance and is recognised evenly over the period to which it relates.

2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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CRAWSHAY COURT (LANGLAND BAY) MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates in the period in which the estimate is revised if the revision only effects that period, or in the period of the revisions and future periods if the revision affects both current and future periods.
The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recongnised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed if an inflow of ecomomic beneifts is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is possible.

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CRAWSHAY COURT (LANGLAND BAY) MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Employees

The average monthly number of employees, including the directors, during the year was as follows:

			2023	2022
			No.	No.


			0	0

Debtors

					2023	2022
					£	£


Trade debtors	2,623	2,593
Other debtors	2,660	918
	5,283	3,511

6.	Cash and cash equivalents
		2023	2022
		£	£

Cash at bank and in hand	11,990	7,952
	11,990	7,952

7.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Other creditors	11,927	6,245
Accruals and deferred income	5,107	4,978
	17,034	11,223

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