The Bayswater Improvement Company Ltd - Accounts to registrar (filleted) - small 18.2
The Bayswater Improvement Company Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
FOR |
THE BAYSWATER IMPROVEMENT COMPANY LTD |
THE BAYSWATER IMPROVEMENT COMPANY LTD (REGISTERED NUMBER: 09440608) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
THE BAYSWATER IMPROVEMENT COMPANY LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Crane Court |
302 London Road |
Ipswich |
Suffolk |
IP2 0AJ |
THE BAYSWATER IMPROVEMENT COMPANY LTD (REGISTERED NUMBER: 09440608) |
STATEMENT OF FINANCIAL POSITION |
31 MARCH 2019 |
2019 | 2018 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
RESERVES |
Income and expenditure account | ( |
) |
( |
) |
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 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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors on its behalf by: |
THE BAYSWATER IMPROVEMENT COMPANY LTD (REGISTERED NUMBER: 09440608) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
1. | STATUTORY INFORMATION |
The Bayswater Improvement Company Ltd is a |
England and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of |
financial assets and liabilities like trade and other accounts receivable and payable and loans with |
related parties. |
Debt instruments that are payable or receivable within one year, such as trade payables or receivables, |
are measured at the undiscounted amount of the cash or other consideration expected to be paid or |
received. Debt instruments that are repayable or receivable after one year are initially measured at the |
present value of the future cash flows and subsequently at amortised cost using the effective interest |
method. |
Financial assets that are measured at cost and amortised cost are assessed at the end of each financial |
year for evidence of impairment. If objective evidence of impairment is found an impairment loss is |
recognised in the Income Statement. |
3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Prepayments |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Tax |
Other creditors |
Central Management Solutions Limited | 16 | 16 |
Accrued expenses |
Other creditors relates to a provision set aside to be used for the benefit of the levy payers of the |
Bayswater District. Monies from this fund will also be used to pay any necessary overheads up to the |
period of the final distribution of this fund. |
THE BAYSWATER IMPROVEMENT COMPANY LTD (REGISTERED NUMBER: 09440608) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
5. | LIMITED BY GUARANTEE |
The company is limited by guarantee. The directors have an interest as guarantors for an amount not |
exceeding £1. Each member of the company under clause 2 of the Memorandum of Association has |
agreed to contribute up to £1 in the event of a winding up. |