Market House Management Company (Kingsbr - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 07964176 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

Market House Management Company

(Kingsbridge) Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

Directors:

D Came

S Read

Registered office:

Abacus House

129 North Hill

Plymouth

Devon

PL4 8JY

Registered number:

07964176 (England and Wales)

Accountants:

Nigel Webster & Co

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

6,301

6,301

Current assets

Debtors

5

408

288

Cash at bank

19

-

427

288

Creditors

Amounts falling due within one year

6

8,279

7,766

Net current liabilities

(7,852

)

(7,478

)

Total assets less current liabilities

(1,551

)

(1,177

)

Capital and reserves

Called up share capital

7

2

2

Retained earnings

(1,553

)

(1,179

)

Shareholders' funds

(1,551

)

(1,177

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2023 and were signed on its behalf by:

D Came - Director

1.	STATUTORY INFORMATION

Market House Management Company (Kingsbridge) Limited 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.

The financial statements have been prepared on the going concern basis. This basis assumes that the company will have sufficient funding to enable it to continue to operate for the foreseeable future with the support of the directors, who believe that the going concern basis of preparation remains appropriate in the company's circumstances.

Turnover

Turnover represents the amounts receivable in respect of service charges and are accounted for in the period covered by the service charge.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Not depreciated

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

Cost

At 1 April 2022

and 31 March 2023

6,301

Net book value

At 31 March 2023

6,301

At 31 March 2022

6,301

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

408

288

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

-

8

Other creditors

8,279

7,758

8,279

7,766

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

2

Ordinary shares

£1

2

2

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet the company owed the following:

Name

Relationship

Amount

D Came

director and shareholder

£ 3,598

S Read

director and shareholder

£ 3,787

These loans are interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by it's directors.