3-7 Byfleet TC Manco Limited Filleted accounts for Companies House (small and micro)

3-7 BYFLEET TC MANCO LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 13874065

3-7 Byfleet TC Manco Limited

Filleted Financial Statements

31 December 2022

3-7 Byfleet TC Manco Limited

Statement of Financial Position

31 December 2022

	31 Dec 22
Note	£

Fixed assets

Tangible assets	4	1

Current assets

Debtors	5	2,114

Creditors: amounts falling due within one year	6	2,110
		-------
Net current assets		4
		----
Total assets less current liabilities		5
		----

Capital and reserves

Called up share capital	5
	----
Shareholders funds	5
	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 24 January 2024 , and are signed on behalf of the board by:

M Verity

Director

Company registration number: 13874065

3-7 Byfleet TC Manco Limited

Notes to the Financial Statements

Period from 26 January 2022 to 31 December 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Units 3-7 Byfleet Technical Centre, Canada Road, Byfleet, KT14 7JX, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Service charge accounting

The company is a freehold management company which operates a service charge fund acting as agent on behalf of the lessees.

The service charge fund is segregated from operational funds and separate accounting records are maintained for this fund.

The service charge fund and the subsequent cash balance are held on trust. As such these are not included in the accounts of the company.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Freehold property
	£
Cost
At 26 January 2022	–
Additions	1
	----
At 31 December 2022	1
	----
Depreciation
At 26 January 2022 and 31 December 2022	–
	----
Carrying amount
At 31 December 2022	1
	----

5. Debtors

	31 Dec 22
	£
Other debtors	2,114
	-------

6. Creditors: amounts falling due within one year

	31 Dec 22
	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,109
Other creditors	1
	-------
	2,110
	-------

7. Summary audit opinion

The auditor's report for the period dated 24 January 2024 was unqualified .

The senior statutory auditor was Tim Hardy , for and on behalf of Shipleys LLP .

8. Related party transactions

During the period a shareholder paid expenses totalling £2,109 on behalf of the company. At year end an amount of £2,109 was due to a shareholder.

9. Controlling party

The immediate and ultimate parent company is Stanhope-Seta Holdings Limited, a company incorporated in England and registered at 10 Orange Street, London, United Kingdom, WC2H 7DQ. Stanhope-Seta Holdings Limited prepare consolidated financial statements.