Cumberland Park Gardens Management Limit - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02853113 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

Cumberland Park Gardens Management

Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Directors:

P Cummings

J Sperring

A Ferries

M A Sperring

Secretary:

J M E McEvoy

Registered office:

22a Madden Road

Plymouth

Devon

PL1 4NE

Registered number:

02853113 (England and Wales)

Accountants:

Nigel Webster & Co

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

7,445

7,036

Current assets

Debtors

5

2,539

1,218

Cash at bank and in hand

68,425

74,987

70,964

76,205

Creditors

Amounts falling due within one year

6

1,605

3,578

Net current assets

69,359

72,627

Total assets less current liabilities

76,804

79,663

Capital and reserves

Called up share capital

7

114

114

Retained earnings

76,690

79,549

Shareholders' funds

76,804

79,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 & 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 Cummings - Director

1.	STATUTORY INFORMATION

Cumberland Park Gardens Management 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 service charges due from tenants as adjusted for amounts in advance

or arrears at the balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over 25 years

Equipment

-

25% on reducing balance

Taxation

This represents the charge to corporation tax on interest received on bank deposits and

rents received for the supply of garages to residents.

As the company's activities are those of mutual trading there is no liability to corporation tax

on other income.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price),

less any impairment losses for bad and doubtful debts. Loans and other financial assets are

initially recognised at transaction price including any transaction costs and subsequently

measured at amortised cost determined using the effective interest method, less any

impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price).

Loans and other financial liabilities are initially recognised at transaction price net of any

transaction costs and subsequently measured at amortised cost determined using the

effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an

obligation at the reporting date as a result of a past event, it is probable that economic

benefit will be transferred to settle the obligation and the amount of the obligation can be

estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

Equipment

Totals

£

£

£

Cost

At 1 January 2018

11,856

2,093

13,949

Additions

-

2,114

2,114

Disposals

-

(780

)

(780

)

At 31 December 2018

11,856

3,427

15,283

Depreciation

At 1 January 2018

6,256

657

6,913

Charge for year

487

694

1,181

Eliminated on disposal

-

(256

)

(256

)

At 31 December 2018

6,743

1,095

7,838

Net book value

At 31 December 2018

5,113

2,332

7,445

At 31 December 2017

5,600

1,436

7,036

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

1,336

-

Other debtors

1,203

1,218

2,539

1,218

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

627

Taxation and social security

21

829

Other creditors

1,584

2,122

1,605

3,578

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

114

Ordinary

£1

114

114