Selsey Court (Management) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01628797 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 29 September 2014

for

Selsey Court (Management) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs B H Chandler

Miss S Beeny

M J G Janeiro

P B Rudman

SECRETARY:

Hobdens Property Management Limited

REGISTERED OFFICE:

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

REGISTERED NUMBER:

01628797 (England and Wales)

ACCOUNTANTS:

Reeves Wilkinson Limited trading as Botting & Co

Chartered Certified Accountants

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

CURRENT ASSETS

Cash at bank

10

10

TOTAL ASSETS LESS CURRENT LIABILITIES

10

10

CAPITAL AND RESERVES

Called up share capital

2

10

10

SHAREHOLDERS' FUNDS

10

10

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 profit or loss 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 February 2015 and were signed on its behalf by:

P B Rudman - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents ground rents from the leaseholders of Selsey Court.

The company has no other income or expenditure in its own right following the transfer of the retained profits to

a separate service charge fund under the statutory trust provisions of the Landlord and Tenant Act 1987.

All transactions in the year, apart from the ground rent collections, relate to maintenance of the common parts.

Income and expenditure arising from these transactions is shown in separate service charge accounts for the

property that do not form part of annual accounts of the company and are not filed at Companies House. All

service charge monies received from the residents of Selsey Court are held on trust for the residents.s service

charges, ground rent and other levies due from the members.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.9.14

29.9.13

value:

£

£

10

Ordinary

£1

10

10

3.	RELATED PARTY DISCLOSURES

On 30 September 2010, the whole of the retained profit of the company was transferred to a separate service

charge fund, as required by the statutory trust provisions of the Landlord and Tenant Act 1987. Additionally, all

of the company's profit for the year ended 29 September 2014 was transferred to the service charge fund on 29

September 2014.

The service charge fund is held in trust on behalf of the owners of the individual properties at Selsey Court.

All of the property owners are also members of the company, and include all of the current directors.