Broughton Lodge (Cartmel) Management Company Limited - Period Ending 2019-03-31

Registration number: 01984199

Broughton Lodge (Cartmel) Management Company Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 August 2018 to 31 March 2019

(taking advantage of s444 of the Companies Act 2006)

Broughton Lodge (Cartmel) Management Company Limited

(Registration number: 01984199)
Balance Sheet as at 31 March 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	4	4,329	4,421
Current assets
Debtors	5	404	3,691
Cash at bank and in hand		9,312	8,110
		9,716	11,801
Creditors: Amounts falling due within one year	6	(8,298)	(8,298)
Net current assets		1,418	3,503
Net assets		5,747	7,924
Capital and reserves
Profit and loss account		5,747	7,924
Total equity		5,747	7,924

For the financial period ending 31 March 2019 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 accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their 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.

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 Directors' report and Profit and Loss Account has been taken.

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 1

Broughton Lodge (Cartmel) Management Company Limited

(Registration number: 01984199)
Balance Sheet as at 31 March 2019

Approved and authorised by the Board on 17 August 2019 and signed on its behalf by:
 

.........................................

J H Wood
Director

.........................................

S F Percival
Director

.........................................

W J Lonsdale
Director

.........................................

J J Shaw
Director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Broughton Lodge (Cartmel) Management Company Limited

Notes to the Financial Statements for the Period from 1 August 2018 to 31 March 2019

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Thomson Hayton Winkley
112 Stricklandgate
Kendal
Cumbria
LA9 4PU
England

These financial statements were authorised for issue by the Board on 17 August 2019.

2	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.

The accounts are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% straight line

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Broughton Lodge (Cartmel) Management Company Limited

Notes to the Financial Statements for the Period from 1 August 2018 to 31 March 2019

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2018 - 0).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 August 2018	6,905	6,905
At 31 March 2019	6,905	6,905
Depreciation
At 1 August 2018	2,484	2,484
Charge for the year	92	92
At 31 March 2019	2,576	2,576
Net book value
At 31 March 2019	4,329	4,329
At 31 July 2018	4,421	4,421

Included within the net book value of land and buildings above is £4,329 (2018 - £4,421) in respect of freehold land and buildings.
 

5

Debtors

	2019 £	2018 £
Trade debtors	404	891
Prepayments and accrued income	-	2,800
Total current trade and other debtors	404	3,691

Page 4

Broughton Lodge (Cartmel) Management Company Limited

Notes to the Financial Statements for the Period from 1 August 2018 to 31 March 2019

6

Creditors

Creditors: amounts falling due within one year

		2019 £	2018 £
Due within one year
Other creditors		7,706	7,706
Accruals and deferred income		592	592
		8,298	8,298

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