The Lycee Management Company Limited - Accounts to registrar (filleted) - small 18.2

The Lycee Management Company Limited - Accounts to registrar (filleted) - small 18.2

THE LYCEE MANAGEMENT COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 03313576 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 MARCH 2018

FOR

THE LYCEE MANAGEMENT COMPANY LIMITED
THE LYCEE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03313576)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE LYCEE MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 24 MARCH 2018







DIRECTORS: Ms B P Fernandez
D P A Rees
P W Smith





SECRETARY: C J Fowler





REGISTERED OFFICE: Stock Page Stock
83 Goswell Road
London
EC1V 7ER





REGISTERED NUMBER: 03313576 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
Page 1
THE LYCEE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03313576)

BALANCE SHEET
24 MARCH 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Debtors 4 20,332 29,658
Cash at bank 65,161 31,056
85,493 60,714
CREDITORS
Amounts falling due within one year 5 16,637 12,925
NET CURRENT ASSETS 68,856 47,789
TOTAL ASSETS LESS CURRENT
LIABILITIES
68,856
47,789

CAPITAL AND RESERVES
Called up share capital 39 39
Main building 45,955 23,875
Whole estate 22,862 23,875
68,856 47,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 20 March 2019 and were signed on its behalf by:





P W Smith - Director


The notes form part of these financial statements

Page 2
THE LYCEE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03313576)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 MARCH 2018


1. STATUTORY INFORMATION

The Lycee Management Company Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents income receivable in respect of service charges.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a
financing transaction, where it is recognised at the present value of the future payments discounted at a market
rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one
year in which case they are measured at the undiscounted amount of the cash or other consideration expected to
be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted
amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise
the asset or settle the liability simultaneously.

Taxation
No liability to UK corporation tax arose on ordinary activities for the year ended 24 March 2017 nor for the
year ended 24 March 2016.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Company status
Service charges are collected and expenses are paid through the managing agents' designated client account.
Reserve account funds are held in trust by the managing agent on behalf of the leaseholders.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 1 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 18,206 28,869
Other debtors 2,126 789
20,332 29,658

Page 3 continued...
THE LYCEE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03313576)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 MARCH 2018


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 2,101 -
Other creditors 14,536 12,925
16,637 12,925

Page 4