Lime Close Management (Dorchester) Limited - Period Ending 2023-12-31

Lime Close Management (Dorchester) Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Balance Sheet	5
Statement of Changes in Equity	6
Notes to the Unaudited Financial Statements	7 to 8

Lime Close Management (Dorchester) Limited

Company Information

Directors

S J Mann G P Caves

Company secretary

Templehill Property Management Limited

Registered office

49 High West Street Dorchester Dorset DT1 1UT

Accountants

Edwards & Keeping Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Lime Close Management (Dorchester) Limited

Directors' Report
for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

S J Mann

M Richards (ceased 11 September 2023)

G P Caves

Principal activity

The principal activity of the company continued to be that of the provision of property management services.

The company owns the freehold reversion of flats and garages at 18-25 Lime Close, Dorchester, Dorset subject to leases on the 8 leasehold properties.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 29 April 2024 and signed on its behalf by:

Templehill Property Management Limited Company secretary

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Lime Close Management (Dorchester) Limitedfor the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lime Close Management (Dorchester) Limited for the year ended 31 December 2023 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Lime Close Management (Dorchester) Limited, as a body, in accordance with the terms of our engagement letter dated 18 February 2020. Our work has been undertaken solely to prepare for your approval the accounts of Lime Close Management (Dorchester) Limited and state those matters that we have agreed to state to the Board of Directors of Lime Close Management (Dorchester) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lime Close Management (Dorchester) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lime Close Management (Dorchester) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Lime Close Management (Dorchester) Limited. You consider that Lime Close Management (Dorchester) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lime Close Management (Dorchester) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

30 April 2024

Lime Close Management (Dorchester) Limited

Profit and Loss Account
for the Year Ended 31 December 2023

	2023   £	2022   £
Turnover	9,280	8,960
Administrative expenses	(11,126)	(5,688)
Operating (loss)/profit	(1,846)	3,272
(Loss)/Profit before tax	(1,846)	3,272
Taxation	-	-
(Loss)/Profit for the financial year	(1,846)	3,272

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Lime Close Management (Dorchester) Limited

(Registration number: 02074237)
Balance Sheet as at 31 December 2023

	Note	2023		2022
		£	£	£	£
Current assets
Debtors	4		2,662		1,701
Cash at bank and in hand			16,373		19,388
			19,035		21,089
Creditors: Amounts falling due within one year	5		(951)		(1,159)
Net assets			18,084		19,930
Capital and reserves
Called up share capital		8		8
Depreciation fund		18,076		19,922
Profit and loss account		-		-
			18,084		19,930

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised for issue by the Board on 29 April 2024 and signed on its behalf by:



 

S J Mann

Director

Lime Close Management (Dorchester) Limited

Statement of Changes in Equity
for the Year Ended 31 December 2023

	Share capital £	Depreciation fund £	Profit and loss account £	Total £
At 1 January 2023	8	19,922	-	19,930
Loss for the year	-	-	(1,846)	(1,846)
Total comprehensive income	-	-	(1,846)	(1,846)
Transfers	-	(1,846)	1,846	-
At 31 December 2023	8	18,076	-	18,084

	Share capital £	Depreciation fund £	Profit and loss account £	Total £
At 1 January 2022	8	16,650	-	16,658
Profit for the year	-	-	3,272	3,272
Total comprehensive income	-	-	3,272	3,272
Transfers	-	3,272	(3,272)	-
At 31 December 2022	8	19,922	-	19,930

Lime Close Management (Dorchester) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
49 High West Street
Dorchester
Dorset
DT1 1UT
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.
 

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The freehold reversion of Lime Close Management (Dorchester) Limited was aquired at nil cost, so is not shown on the balance sheet.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.
 

Lime Close Management (Dorchester) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.
 

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0). The average number of directors on the board during the year was 3 (2022 - 3).

4

Debtors

	2023 £	2022 £
Amounts due from lessees	916	120
Other debtors and prepayments	1,746	1,581
	2,662	1,701

5

Creditors

	2023 £	2022 £
Due within one year
Amounts received in advance from lessees	598	290
Other creditors and accruals	353	869
	951	1,159