ACCOUNTS - Final Accounts

61 ALEXANDRA ROAD (READING) MANAGEMENT COMPANY LIMITED - Company Information

Print Friendly Version

Registered number: 02830811

61 ALEXANDRA ROAD (READING) MANAGEMENT COMPANY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

61 ALEXANDRA ROAD (READING) MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION

Directors	M Toovey
	P P O'Connor


Company secretary	P P O'Connor


Registered number	02830811


Registered office	8th Floor
	Reading Bridge House
	George Street
	Reading
	Berkshire
	RG1 8LS

61 ALEXANDRA ROAD (READING) MANAGEMENT COMPANY LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 4

61 ALEXANDRA ROAD (READING) MANAGEMENT COMPANY LIMITED

REGISTERED NUMBER: 02830811

BALANCE SHEET

AS AT 30 JUNE 2018

		2018		2017
Note		£		£

Fixed assets
Tangible assets	5		6		6
			6		6
Current assets
Debtors: amounts falling due within one year	6	281		543
Cash at bank and in hand	7	15,889		12,956
		16,170		13,499
Creditors: amounts falling due within one year	8	(1,048)		(633)
Net current assets			15,122		12,866
Total assets less current liabilities			15,128		12,872

Net assets			15,128		12,872

Capital and reserves
Called up share capital	60	60
Profit and loss account	15,068	12,812
	15,128	12,872

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 March 2019.

................................................

M Toovey

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

61 ALEXANDRA ROAD (READING) MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

1.	General information

61 Alexandra Road (Reading) Management Company Limited is a private company limited by share capital and incorporated in England and Wales. The address of the registered office is 8th Floor, Reading Bridge House, George Street, Reading, RG1 8LS. The principal activity of the company in the year under review was that of the management of the property occupied by the members of the company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue represents service charges to residents of the property.

2.3

Tangible fixed assets

Freehold property represents the cost of the freehold interest in the property at 61 Alexandra Road, Reading.
The freehold interest has not been depreciated.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

61 ALEXANDRA ROAD (READING) MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

2.Accounting policies (continued)

2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

There is no liability to corporation tax because the company trades only with its members, and by concession the tax due on interest received is not payable because it is considered to be negligible.

Employees

	The Company has no employees other than the directors, who did not receive any remuneration (2017 - £NIL).
	The average monthly number of employees, including directors, during the year was 0 (2017 - 0).

5.	Tangible fixed assets

		Freehold property
		£
	Cost or valuation
	At 1 July 2017	6
	At 30 June 2018	6

	Net book value
	At 30 June 2018	6
	At 30 June 2017	6

Debtors

					2018	2017
					£	£


Due from members	-	218
Prepayments and accrued income	281	325
	281	543

Page 3

61 ALEXANDRA ROAD (READING) MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

7.	Cash and cash equivalents
		2018	2017
		£	£

Cash at bank and in hand	15,888	12,956
	15,888	12,956

8.	Creditors: Amounts falling due within one year
		2018	2017
		£	£

Accruals and deferred income	1,048	633
	1,048	633

9.	Controlling party

No individual has a controlling share of the equity share capital.

Page 4