Orchard Vale Management Limited - Period Ending 2018-07-31
Orchard Vale Management Limited - Period Ending 2018-07-31
Registration number:
Orchard Vale Management Limited
(A company limited by guarantee)
for the Year Ended 31 July 2018
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT
Orchard Vale Management Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Orchard Vale Management Limited
Company Information
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Directors |
Mr R Hoy Mr C V Ross |
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Registered office |
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Accountants |
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Page 1 |
Orchard Vale Management Limited
(Registration number: 09703413)
Balance Sheet as at 31 July 2018
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2018 |
2017 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
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Page 2 |
Orchard Vale Management Limited
(Registration number: 09703413)
Balance Sheet as at 31 July 2018
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
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Mr C V Ross
Director
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Page 3 |
Orchard Vale Management Limited
Notes to the Financial Statements for the Year Ended 31 July 2018
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General information |
The company is a company limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
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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
Service charges represent the amount receivable by leaseholders for the provision of communal services.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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Page 4 |
Orchard Vale Management Limited
Notes to the Financial Statements for the Year Ended 31 July 2018
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Tangible assets |
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Land and buildings |
Total |
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Cost or valuation |
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At 1 August 2017 |
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At 31 July 2018 |
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Depreciation |
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Carrying amount |
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At 31 July 2018 |
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At 31 July 2017 |
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Included within the net book value of land and buildings above is £1 (2017 - £1) in respect of freehold land and buildings.
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Debtors |
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2018 |
2017 |
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Trade debtors |
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Page 5 |
Orchard Vale Management Limited
Notes to the Financial Statements for the Year Ended 31 July 2018
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Creditors |
Creditors: amounts falling due within one year
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2018 |
2017 |
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Due within one year |
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Trade creditors |
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Accruals and deferred income |
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Other creditors |
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Related party transactions |
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Transactions with directors |
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2018 |
Repayments by director |
At 31 July 2018 |
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Mr C V Ross |
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Balance owed to/(from) the director |
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Page 6 |