Farrant Court Management Limited - Period Ending 2019-03-31

Registration number: 2230341

Farrant Court Management Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2019

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

Farrant Court Management Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

Farrant Court Management Limited

Company Information

Directors

Mr A Velterop Miss S M Rogers Mr K R Mortimore

Company secretary

Mr S I Jarrett

Registered office

Hillsdon House High Street Sidmouth Devon EX10 8LD

Accountants

Easterbrook Eaton Limited Chartered Accountants Cosmopolitan House Old Fore Street Sidmouth Devon EX10 8LS

Page 1

Farrant Court Management Limited

(Registration number: 2230341)
Balance Sheet as at 31 March 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	3	1,167	1,167
Current assets
Debtors	4	8	8
Net assets		1,175	1,175
Capital and reserves
Called up share capital	5	8	8
Profit and loss account		1,167	1,167
Total equity		1,175	1,175

For the financial year 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 year 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 Profit and Loss Account has been taken.

Approved and authorised by the Board on 21 August 2019 and signed on its behalf by:
 

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

Mr A Velterop
Director

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 2

Farrant Court Management Limited

Notes to the Financial Statements for the Year Ended 31 March 2019

1	General information

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

The address of its registered office is:
Hillsdon House
High Street
Sidmouth
Devon
EX10 8LD

These financial statements were authorised for issue by the Board on 21 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.

Bank, Cash and Other Assets

A statutory trust is placed over service charge monies received under section 42 of the Landlord and Tenant Act 1987 and the Residential Management Company acts as a trustee in this capacity.

The closing balance of cash and other assets held on trust by the Residential Management Company are £15,800.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 3

Farrant Court Management Limited

Notes to the Financial Statements for the Year Ended 31 March 2019

3	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2018	1,167	1,167
At 31 March 2019	1,167	1,167
Depreciation
Carrying amount
At 31 March 2019	1,167	1,167
At 31 March 2018	1,167	1,167

Included within the net book value of land and buildings above is £1,167 (2018 - £1,167) in respect of freehold land and buildings.
 

4

Debtors

	2019 £	2018 £
Other debtors	8	8
	8	8

5	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary Shares of £1 each	8	8	8	8

Page 4