Grove Farm (Little Paxton) Management Company Limited Company accounts
Grove Farm (Little Paxton) Management Company Limited Company accounts
COMPANY REGISTRATION NUMBER:
02060180
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Financial Statements |
Year ended 31 March 2019
Contents |
Page |
Directors' report |
1 |
Statement of income and retained earnings |
2 |
Statement of financial position |
3 |
Notes to the financial statements |
4 |
The following pages do not form part of the financial statements
Report to the board of directors on the preparation of the unaudited statutory financial statements |
7 |
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Directors' Report |
Year ended 31 March 2019
The directors present their report and the unaudited financial statements of the company for the year ended
31 March 2019
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Directors
The directors who served the company during the year were as follows:
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Small company provisions
This report was approved by the board of directors on
16 October 2019
and signed on behalf of the board by:
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Company Secretary |
Registered office: |
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Statement of Income and Retained Earnings |
Year ended 31 March 2019
2019 |
2018 |
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Note |
£ |
£ |
Turnover |
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Gross profit |
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Administrative expenses |
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Operating profit |
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Other interest receivable and similar income |
4 |
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Profit before taxation |
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Tax on profit |
– |
– |
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Profit for the financial year and total comprehensive income |
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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All the activities of the company are from continuing operations.
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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– |
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
16 October 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
02060180
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Notes to the Financial Statements |
Year ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oakpark Business Centre, Alington Road, St Neots, Cambs, PE19 6WA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Tangible assets
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4.
Other interest receivable and similar income
2019 |
2018 |
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£ |
£ |
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Interest on cash and cash equivalents |
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5.
Tangible assets
Equipment |
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£ |
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Cost |
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At 1 April 2018 and 31 March 2019 |
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Depreciation |
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At 1 April 2018 and 31 March 2019 |
– |
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Carrying amount |
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At 31 March 2019 |
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At 31 March 2018 |
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6.
Debtors
2019 |
2018 |
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£ |
£ |
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Trade debtors |
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– |
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7.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Trade creditors |
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Other creditors |
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Management Information |
Year ended 31 March 2019
The following pages do not form part of the financial statements.
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Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 March 2019
First Floor, CQL House
Alington Road
Little Barford
St Neots
Cambridgeshire
PE19 6YH