Beechwood Mansions, Freehold Management CO. Limited
Beechwood Mansions, Freehold Management CO. Limited
Registered number: 06296482
Unaudited Financial Statements
For The Year Ended 30 June 2023
TaxAssist Accountants
Beechwood Mansions, Freehold Management CO. Limited
Unaudited Financial Statements
For The Year Ended 30 June 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2—3 |
Beechwood Mansions, Freehold Management CO. Limited
Balance Sheet
As At
30 June 2023
Balance Sheet
Registered number:
06296482
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
| 2023 | 2022 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| Income and Expenditure Account |
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| MEMBERS' FUNDS | 834 | 2,089 | |||
On behalf of the board
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Director
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The notes on pages 2 to 3 form part of these financial statements.
Beechwood Mansions, Freehold Management CO. Limited
Notes to the Financial Statements
For The Year Ended 30 June 2023
Notes to the Financial Statements
1.
General Information
Beechwood Mansions, Freehold Management CO. Limited
is a private company, limited by guarantee, incorporated in England & Wales, registered number
06296482
. The registered office is Swan House, 39 Savill Way, Marlow, Bucks, SL7 1UB.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
4.
Debtors
| 2023 | 2022 | ||
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| £ | £ | ||
| Due within one year | |||
| Directors' loan accounts |
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5.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
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| £ | £ | ||
| Accruals and deferred income |
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| Directors' loan accounts | - |
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6.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at 1 July 2022 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 June 2023 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Ms Diana Vincent |
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- |
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The above loan is unsecured, interest free and repayable on demand.
Beechwood Mansions, Freehold Management CO. Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2023
7.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.