ACCOUNTS - Final Accounts

PROLOGIS PARK BRADFORD MANAGEMENT COMPANY LIMITED - Company Information

Print Friendly Version

Registered number: 06520966

PROLOGIS PARK BRADFORD MANAGEMENT COMPANY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2018

PROLOGIS PARK BRADFORD MANAGEMENT COMPANY LIMITED

REGISTERED NUMBER: 06520966

BALANCE SHEET

AS AT 31 DECEMBER 2018

		2018		2017
Note		£		£


Current assets
Debtors: amounts falling due within one year	3	17,415		42,663
Cash at bank and in hand	4	35,184		7,453
		52,599		50,116
Creditors: amounts falling due within one year	5	(52,306)		(49,823)
Net current assets			293		293
Total assets less current liabilities			293		293

Net assets			293		293

Capital and reserves
Called up share capital	6	293	293
		293	293

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 September 2019.

N D Smith

Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

PROLOGIS PARK BRADFORD MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

1.	General information

Prologis Park Bradford Management Company Limited is a limited liability company incorporated and domiciled in England. The registered office is shown on the Company Information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Service charge income

Service charge income represents maintenance, management and administration costs recoverable from owners or occupiers of units on the site, exclusive of Value Added Tax. Amounts are charged quarterly on account and any surplus or deficit are refunded or recharged to the relevant parties.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors

					2018	2017
					£	£


Trade debtors	(4,555)	62,518
Other debtors	11,697	(25,387)
Called up share capital not paid	293	293
Prepayments	9,980	5,239
	17,415	42,663

Page 2

PROLOGIS PARK BRADFORD MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

4.	Cash and cash equivalents
		2018	2017
		£	£

Cash at bank and in hand	35,184	7,453
	35,184	7,453

5.	Creditors: Amounts falling due within one year
		2018	2017
		£	£

Trade creditors	(6,946)	5,101
Other creditors	44,717	37,522
Accruals and deferred income	14,535	7,200
	52,306	49,823

6.	Share capital
		2018	2017
		£	£

Allotted, called up and fully paid

1 (2017 -1) A Ordinary Shares share of £1.00	1	1
292 (2017 -292) B Ordinary Shares shares of £1.00 each	292	292

	293	293

Page 3