Priory Court (Reigate) Management Ltd - Accounts to registrar (filleted) - small 18.2

Unaudited Financial Statements

for the Year Ended 30 November 2018

for

Priory Court (Reigate) Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T R Glanvill

E Kabariti

J E Rose

C G Curl

T M Curl

J M Curl

Mrs J Riiser

C Pelekani

Mrs F Pelekani

REGISTERED OFFICE:

C/0 White & Sons

104 High Street

Dorking

Surrey

RH4 1AZ

REGISTERED NUMBER:

02986804 (England and Wales)

ACCOUNTANTS:

Williams & Co

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

19,141

19,141

CURRENT ASSETS

Debtors

5

1,521

1,513

Cash at bank

10,509

7,569

12,030

9,082

CREDITORS

Amounts falling due within one year

6

421

1,298

NET CURRENT ASSETS

11,609

7,784

TOTAL ASSETS LESS CURRENT LIABILITIES

30,750

26,925

RESERVES

Income and expenditure account

30,750

26,925

30,750

26,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 15 May 2019 and were signed on its behalf by:

Mrs J Riiser - Director

1.	STATUTORY INFORMATION

Priory Court (Reigate) Management Ltd 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 represents service charges collected from flat owners.

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

-

nil

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2017

and 30 November 2018

19,141

710

19,851

DEPRECIATION

At 1 December 2017

and 30 November 2018

-

710

710

NET BOOK VALUE

At 30 November 2018

19,141

-

19,141

At 30 November 2017

19,141

-

19,141

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Prepayments and accrued income

868

775

Prepayments

653

738

1,521

1,513

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

133

133

Accruals and deferred income

288

1,165

421

1,298

7.	ULTIMATE CONTROLLING PARTY

The company is under the control of the Board of Directors.

8.	LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. Each flat owner is entitled to attend and

vote at AGM's etc. In the event of the company ceasing to trade then each member is liable to

contribute £1 to the company.