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2023-12-31-accounts
| CONTENTS |
PAGES |
| ACCOUNTANTS' REPORT |
|
| Trading Account |
2 |
| BALANCE SHEET |
3 |
| NOTES TO THE ACCOUNTS |
4 |
|
2023 |
|
|
2022 |
|
|
£ |
£ |
£ |
|
£ |
| Investment Income |
|
8,148 |
|
|
5,552 |
| Investment Income 2 (Gain) |
|
29,014 |
|
|
|
| Other monies recovered from residents |
|
1,200 |
|
|
|
|
|
38,362 |
|
|
5.552 |
| Loss on investments |
|
|
|
|
20.977 |
| GROSS PROFIT/LOSS |
|
38,362 |
|
|
(15.425) |
| Wkly Management Chgs (Rent Payments) |
122,913 |
|
98.429 |
|
|
| Electric Contributions from Tenants |
7,398 |
|
5.786 |
|
|
|
|
130,311 |
|
|
104,215 |
|
|
168,673 |
|
|
88,790 |
| OVERHEADS |
|
|
|
|
|
| Trustees Management Payments |
12,322 |
|
11.400 |
|
|
| Property Repairs and maintenance |
56,612 |
|
41.412 |
|
|
| Rates - Ground and Water |
6,577 |
|
4.562 |
|
|
| Property Management Charge |
11,701 |
|
10.005 |
|
|
| British Gas and Total Energies |
25,032 |
|
17.837 |
|
|
| Insurance |
2,161 |
|
2.236 |
|
|
| Stationery and printing |
66 |
|
|
|
|
| Tel - CCTV Monitoring |
292 |
|
260 |
|
|
| Licences |
53 |
|
38 |
|
|
| Replacable white goods |
725 |
|
668 |
|
|
| Accountancy |
400 |
|
400 |
|
|
| Professional fees - Nelsons |
9,402 |
|
9.844 |
|
|
| Bank charges |
14 |
|
|
|
|
| Sundries |
333 |
|
(2) |
|
|
|
|
125,690 |
|
|
98,660 |
| NET PROFIT/LOSS |
|
42,983 |
|
|
(9,870) |
|
2023 |
|
|
|
2022 |
|
|
£ |
£ |
£ |
|
|
£ |
| Fixed Assets |
|
2,834,000 |
|
|
|
2,834,000 |
|
|
|
|
9 |
|
|
| Current Assets |
|
|
|
|
|
|
| Bank current account |
46,757 |
|
71,932 |
|
|
|
| M&G Investments 3388 |
378,315 |
|
338,519 |
|
|
|
| M&G Invesnnenis 3387 - 3389 |
20,487 |
|
20,143 |
|
|
|
| Brewin Dolphin Investments |
217,050 |
|
188,177 |
|
|
|
|
662,609 |
|
618,771 |
|
|
|
| Current Liabilities |
|
|
|
|
|
|
| Trade creditors |
855 |
|
|
|
|
|
| Revalaarion account Cullen Court |
2,561,000 |
|
2,561,000 |
|
|
|
|
2,561,855 |
|
2,561,000 |
|
|
|
| Net Current Liabilities |
|
(1,899,246) |
|
|
|
(1,942,229) |
| Net Assets |
|
934,754 |
|
|
|
891,771 |
| Financed by : |
|
|
|
|
|
|
| Capital account |
|
|
|
|
|
|
| Brought forward |
|
891,771 |
|
|
|
901,641 |
| Profit for the year |
|
42,983 |
|
|
|
|
|
|
934,754 |
|
|
|
901,641 |
| Loss for the year |
|
|
|
|
|
9,870 |
|
|
934,754 |
|
|
|
891,771 |
| FIXED ASSETS |
|
|
|
2023 |
2022 |
| ASSETS AT COST |
£ |
£ |
| Cost |
|
|
| 17 Rockwood Crescent |
85,000 |
85.000 |
| 12 Derwent Drive |
188,000 |
188.000 |
| As at 31 December 2023 |
273,000 |
273,(K)0 |
|
Freehold |
|
Property |
|
£ |
| Brought Forward |
2,561,000 |
| and 31 December 2023 |
|
| SUMMARY |
|
| SUMMARY |
|
|
|
2023 |
2022 |
|
£ |
£ |
| NET BOOK AMOUNTS |
|
|
| Assets at cost |
273,000 |
273.000 |
| Cullen Court Properties |
2,561,000 |
2.561.000 |
|
2,834,000 |
|
|
|
2,834,()(X) |