Company registration number 01261545 (England and Wales)
Avondale Court (Leeds) Management Ltd
Financial Statements
for the year ended 31 December 2022
PAGES FOR FILING WITH REGISTRAR
Avondale Court (Leeds) Management Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Avondale Court (Leeds) Management Ltd
Statement of financial position
as at 31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Debtors
3
23,924
25,816
Creditors: amounts falling due within one year
4
(3,436)
(2,920)
Net current assets
20,488
22,896
Reserves
Income and expenditure account
20,488
22,896
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 14 April 2023 and are signed on its behalf by:
T Marshall
Director
Company Registration No. 01261545
Avondale Court (Leeds) Management Ltd
Notes to the financial statements
for the year ended 31 December 2022
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in pounds sterling £, which is the currency of the primary economic environment in which the company operates (its functional currency).
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
7
7
3
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
23,924
25,816
4
Creditors: amounts falling due within one year
2022
2021
£
£
Other creditors
3,436
2,920
Avondale Court (Leeds) Management Ltd
Notes to the financial statements (continued)
for the year ended 31 December 2022
- 3 -
5
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
6
Reserves
The reserves are held for the maintenance of Avondale Court Flats and for the future benefit of its residents.
7
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
James Bell
Statutory Auditor:
B M Howarth Ltd