Albemarle Park Property Mgmt Co Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00900221 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

ALBEMARLE PARK PROPERTY MANAGEMENT

CO.LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Cohen

J H Pike

SECRETARY:

A Cohen

REGISTERED OFFICE:

2 Dancastle Court

14 Arcadia Avenue

London

N3 2JU

REGISTERED NUMBER:

00900221 (England and Wales)

ACCOUNTANTS:

Harford Michaels Kaye Limited

Chartered Certified Accountants

2 Dancastle Court

14 Arcadia Avenue

London

N3 2JU

CURRENT ASSETS

Debtors

3

3,688

4,056

Cash at bank and in hand

15,295

12,944

18,983

17,000

CREDITORS

Amounts falling due within one year

4

(2,064

)

(1,798

)

NET CURRENT ASSETS

16,919

15,202

TOTAL ASSETS LESS CURRENT LIABILITIES

16,919

15,202

RESERVES

Members' deposits

1,060

1,060

Maintenance reserve

15,859

14,142

16,919

15,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the directors the Board of Directors on 25 June 2019 and were signed on its behalf by:

A Cohen - Director

1.	STATUTORY INFORMATION

Albemarle Park Property Management Co.Limited is a private company, limited by guarantee , 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover consists of amounts receivable from the owners of the flats to cover the expenditure related to the

administration of the communal parts of the property at Albemarle Park, Marsh Lane, Stanmore, Middlesex.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets or

liabilities like trade debtors, other debtors, trade creditors and other creditors, loans from banks or other third

parties and loans to/from related parties.

Debt instruments that constitute a financing transaction are initially measured at fair value of future payments and

subsequently at amortised cost using the effective interest method. Debt instruments which are payable or

receivable within one year such as trade debtors or trade creditors are measured, initially and subsequently at the

undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for

objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised

in the profit & loss account.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

3,688

4,056

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other creditors

2,064

1,798

5.	LIMITED BY GUARANTEE

The company is limited by guarantee without share capital. Every member's liability is limited to £1.