9 Gordon Road Management Company Limited - Period Ending 2018-11-30
9 Gordon Road Management Company Limited - Period Ending 2018-11-30
Registration number:
9 Gordon Road Management Company Limited
for the Year Ended 30 November 2018
Chartered Accountants
Saville Court
11 Saville Place
Clifton
Bristol
BS8 4EJ
9 Gordon Road Management Company Limited
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
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Detailed Profit and Loss Account |
9 Gordon Road Management Company Limited
Company Information
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Director |
DA Woods |
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Registered office |
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Accountants |
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Page 1 |
9 Gordon Road Management Company Limited
Director's Report for the Year Ended 30 November 2018
The director presents his report and the financial statements for the year ended 30 November 2018.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is the management and maintenance of the property 9 Gordon Road
Small companies provision statement
This report has 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.
Approved by the
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Director
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Page 2 |
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
9 Gordon Road Management Company Limited
for the Year Ended 30 November 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 9 Gordon Road Management Company Limited for the year ended 30 November 2018 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of 9 Gordon Road Management Company Limited, as a body, in accordance with the terms of our engagement letter dated 15 August 2019. Our work has been undertaken solely to prepare for your approval the accounts of 9 Gordon Road Management Company Limited and state those matters that we have agreed to state to the Board of Directors of 9 Gordon Road Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 9 Gordon Road Management Company Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 9 Gordon Road Management Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 9 Gordon Road Management Company Limited. You consider that 9 Gordon Road Management Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of 9 Gordon Road Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Accountants
11 Saville Place
Clifton
Bristol
BS8 4EJ
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Page 3 |
9 Gordon Road Management Company Limited
Profit and Loss Account for the Year Ended 30 November 2018
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Note |
2018 |
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Turnover |
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Administrative expenses |
( |
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Operating profit |
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Profit before tax |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
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Page 4 |
9 Gordon Road Management Company Limited
Statement of Comprehensive Income for the Year Ended 30 November 2018
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2018 |
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Profit for the year |
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Total comprehensive income for the year |
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Page 5 |
9 Gordon Road Management Company Limited
(Registration number: 03662096)
Balance Sheet as at 30 November 2018
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Note |
2018 |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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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 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
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.
Approved and authorised by the
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Director
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Page 6 |
9 Gordon Road Management Company Limited
Statement of Changes in Equity for the Year Ended 30 November 2018
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Profit and loss account |
Total |
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At 1 December 2017 |
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Profit for the year |
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Total comprehensive income |
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At 30 November 2018 |
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Page 7 |
9 Gordon Road Management Company Limited
Notes to the Financial Statements for the Year Ended 30 November 2018
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General information |
The company is a private company limited by share capital, incorporated in Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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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Page 8 |
9 Gordon Road Management Company Limited
Notes to the Financial Statements for the Year Ended 30 November 2018
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Creditors |
Creditors: amounts falling due within one year
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2018 |
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Due within one year |
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Other creditors |
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Share capital |
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Page 9 |
9 Gordon Road Management Company Limited
Detailed Profit and Loss Account for the Year Ended 30 November 2018
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2018 |
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Turnover (analysed below) |
2,400 |
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Gross profit (%) |
100% |
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Administrative expenses |
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Establishment costs (analysed below) |
(1,209) |
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General administrative expenses (analysed below) |
(525) |
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(1,734) |
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Operating profit |
666 |
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Profit before tax |
666 |
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Page 10 |
9 Gordon Road Management Company Limited
Detailed Profit and Loss Account for the Year Ended 30 November 2018
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2018 |
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Turnover |
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Sale of goods, UK |
2,400 |
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Establishment costs |
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Insurance |
(1,089) |
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Repairs and maintenance |
(120) |
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(1,209) |
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General administrative expenses |
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Sundry expenses |
(300) |
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Accountancy fees |
(225) |
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(525) |
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Page 11 |