NN Central Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04927278 (England and Wales)

NN CENTRAL MANAGEMENT LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

Director:

Mr J Socha

Registered office:

Artisans' House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

Registered number:

04927278 (England and Wales)

Accountants:

Cobley Desborough

Chartered Certified Accountants

Chartered Tax Advisers

Artisans' House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

CURRENT ASSETS

Debtors

3

28,521

58,752

CREDITORS

Amounts falling due within one year

4

28,521

41,778

NET CURRENT ASSETS

-

16,974

TOTAL ASSETS LESS CURRENT LIABILITIES

-

16,974

RESERVES

Contingency Fund

5

-

26,288

Income and expenditure account

5

-

(9,314

)

-

16,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 16 September 2019 and were signed by:

Mr J Socha - Director

1.	STATUTORY INFORMATION

NN Central Management Limited 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the profit and

loss account.

Service charge accounts

The company is the headlessor of NN Central and as such acts as a trustee of the statutory trust in

respect of service charge monies collected for the maintenance of NN Central. Income and

expenditure arising as a result of these transactions is shown in separate service charge accounts for

the property including any cash balances held and do not form part of the annual accounts of the

company and are not filed at Companies House.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

8,234

Other debtors

28,521

-

Held at managing agents'

designated account

-

46,748

Prepayments

-

3,770

28,521

58,752

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

-

811

Other creditors

-

11,578

Directors' current accounts

28,521

28,521

Accrued expenses

-

868

28,521

41,778

5.

RESERVES

Income

and

expenditure

Contingency

account

Fund

Totals

£

£

£

At 1 April 2018

(9,314

)

26,288

16,974

Surplus for the year

-

-

Transfer in year

9,314

(26,288

)

(16,974

)

At 31 March 2019

-

-

-