Old Mill (Wetherby) Management Company Limited - Period Ending 2018-12-31

OLD MILL (WETHERBY) MANAGEMENT COMPANY LIMITED - Company Information

Old Mill (Wetherby) Management Company Limited 2733270 false 2018-01-01 2018-12-31 2018-12-31 The principal activity of the company is management, maintenance and administration of the flats known as 'The Old Mill' in Wetherby Digita Accounts Production Advanced 6.21.8540.0 Software true 2733270 2018-01-01 2018-12-31 2733270 2018-12-31 2733270 bus:OrdinaryShareClass1 2018-12-31 2733270 core:OtherReservesSubtotal 2018-12-31 2733270 core:RetainedEarningsAccumulatedLosses 2018-12-31 2733270 core:ShareCapital 2018-12-31 2733270 core:CurrentFinancialInstruments 2018-12-31 2733270 core:CurrentFinancialInstruments core:WithinOneYear 2018-12-31 2733270 bus:SmallEntities 2018-01-01 2018-12-31 2733270 bus:AuditExemptWithAccountantsReport 2018-01-01 2018-12-31 2733270 bus:FullAccounts 2018-01-01 2018-12-31 2733270 bus:SmallCompaniesRegimeForAccounts 2018-01-01 2018-12-31 2733270 bus:RegisteredOffice 2018-01-01 2018-12-31 2733270 bus:Director12 2018-01-01 2018-12-31 2733270 bus:OrdinaryShareClass1 2018-01-01 2018-12-31 2733270 bus:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31 2733270 countries:AllCountries 2018-01-01 2018-12-31 2733270 2017-01-01 2017-12-31 2733270 2017-12-31 2733270 bus:OrdinaryShareClass1 2017-12-31 2733270 core:OtherReservesSubtotal 2017-12-31 2733270 core:RetainedEarningsAccumulatedLosses 2017-12-31 2733270 core:ShareCapital 2017-12-31 2733270 core:CurrentFinancialInstruments 2017-12-31 2733270 core:CurrentFinancialInstruments core:WithinOneYear 2017-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registered number: 2733270

Old Mill (Wetherby) Management Company Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2018

Old Mill (Wetherby) Management Company Limited

Balance Sheet as at 31 December 2018

	Note	2018 £	2017 £
Current assets
Debtors	4	3,030	2,757
Cash at bank and in hand		100,377	111,666
		103,407	114,423
Creditors: Amounts falling due within one year	5	(3,379)	(2,638)
Net assets		100,028	111,785
Capital and reserves
Called up share capital		23	23
Other reserves		89,308	100,000
Profit and loss account		10,697	11,762
Total equity		100,028	111,785

For the financial year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 March 2019 and signed on its behalf by:

Mr Peter Eaves - Director
Old Mill (Wetherby) Management Company Limited (Registered number: 2733270)

Old Mill (Wetherby) Management Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2018

1	General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Suite 5, 2nd Floor
Wira House Ring Road
West Park
Leeds
LS16 6EB

These financial statements were authorised for issue by the Board on 7 March 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the service charges in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Old Mill (Wetherby) Management Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2018

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2017 - 0).

Debtors

	2018 £	2017 £
Prepayments	3,030	2,757
Total current trade and other debtors	3,030	2,757

Creditors

Creditors: amounts falling due within one year

	Note	2018 £	2017 £
Due within one year
Trade creditors		2,539	2,000
Accrued expenses		456	444
Corporation tax		384	194
		3,379	2,638

6	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary of £1 each	23	23	23	23