Mulberry Mews (Silver Street) Management Company Limited Company accounts

Mulberry Mews (Silver Street) Management Company Limited Company accounts

MULBERRY MEWS (SILVER STREET) MANAGEMENT COMPANY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05541371
Mulberry Mews (Silver Street) Management Company Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 August 2018
Mulberry Mews (Silver Street) Management Company Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2018
Contents
Page
Directors' report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
Mulberry Mews (Silver Street) Management Company Limited
Company Limited by Guarantee
Directors' Report
Year ended 31 August 2018
The directors present their report and the unaudited financial statements of the company for the year ended 31 August 2018 .
Directors
The directors who served the company during the year were as follows:
D J Edler
G W Tyson
P D Langley
(Appointed 15 October 2017)
J M Micciche
(Retired 15 October 2017)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 29 May 2019 and signed on behalf of the board by:
D J Edler
Director
Company Secretary
Registered office:
61a Silver Street
Nailsea
Bristol
BS48 2DS
Mulberry Mews (Silver Street) Management Company Limited
Company Limited by Guarantee
Statement of Income and Retained Earnings
Year ended 31 August 2018
2018
2017
Note
£
£
Turnover
1,800
1,720
-------
-------
Gross profit
1,800
1,720
Administrative expenses
1,609
1,717
-------
-------
Operating profit
191
3
-------
-------
Profit before taxation
191
3
Tax on profit
–
–
----
----
Profit for the financial year and total comprehensive income
191
3
----
----
Retained earnings at the start of the year
3,634
3,631
-------
-------
Retained earnings at the end of the year
3,825
3,634
-------
-------
All the activities of the company are from continuing operations.
Mulberry Mews (Silver Street) Management Company Limited
Company Limited by Guarantee
Statement of Financial Position
31 August 2018
2018
2017
Note
£
£
£
Current assets
Debtors
5
1,385
1,035
Cash at bank and in hand
3,175
3,334
-------
-------
4,560
4,369
Creditors: amounts falling due within one year
6
735
735
-------
-------
Net current assets
3,825
3,634
-------
-------
Total assets less current liabilities
3,825
3,634
-------
-------
Net assets
3,825
3,634
-------
-------
Capital and reserves
Profit and loss account
3,825
3,634
-------
-------
Members funds
3,825
3,634
-------
-------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 August 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 May 2019 , and are signed on behalf of the board by:
D J Edler
Director
Company registration number: 05541371
Mulberry Mews (Silver Street) Management Company Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2018
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 61a Silver Street, Nailsea, Bristol, BS48 2DS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Income represents service charges levied on the flat owners in the year.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Company limited by guarantee
The company is limited by guarantee. The liability of each member is restricted to £1.
5. Debtors
2018
2017
£
£
Other debtors
1,385
1,035
-------
-------
6. Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
375
375
Other creditors
360
360
----
----
735
735
----
----
7. Related party transactions
£1,385 was due from the owners at the year end (2018 £1,035). 61 owed £300 61a owed £20 61b owed £120 61c owed £345 61d owed £600 61e nil