Barrows Mount Management Company Limited - Period Ending 2019-02-28

Registration number: 06121139

Barrows Mount Management Company Limited

Unaudited Financial Statements

for the Year Ended 28 February 2019

Barrows Mount Management Company Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 5

Barrows Mount Management Company Limited

Company Information

Director

Miss S J Denbee

Company secretary

M A Mages

Registered office

c/o Four fifty Partnership Bath Street Cheddar Somerset BS27 3AA

Accountants

Four Fifty Partnership Chartered Accountants Bath Street Cheddar Somerset BS27 3AA

Page 1

Barrows Mount Management Company Limited

(Registration number: 06121139)
Balance Sheet as at 28 February 2019

	Note	2019 £	2018 £
Current assets
Debtors	4	2,987	3,041
Creditors: Amounts falling due within one year	5	(2,987)	(3,041)
Net assets/(liabilities)		-	-
Capital and reserves
Total equity		-	-

For the financial year ending 28 February 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 2

Barrows Mount Management Company Limited

(Registration number: 06121139)
Balance Sheet as at 28 February 2019

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 27 November 2019
 

.........................................

Miss S J Denbee
Director

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 3

Barrows Mount Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

These financial statements were authorised for issue by the director on 27 November 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence for the foreseeable future. At 28 February 2019 the company had net current liabilities of £2,576 (2018 £2,223) and a net liabilities position of £2,576 (2018 £2,223). The director has considered the position of the company with respect to its obligations to ensure the business can continue in operational existence.

The director is of the opinion that there is no reason to believe that the continued support of the company's creditors will not be forthcoming as the company has always operated within the agreed terms.

On the basis of the above and all other information, the Director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would result from the failure to achieve these assumptions.

Page 4

Barrows Mount Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2019

2	Accounting policies (continued)

Revenue recognition

Turnover represents contributions made by flat owners.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2018 - 0).

4

Debtors

	2019 £	2018 £
Trade debtors	-	(308)
Other debtors	2,987	3,349
	2,987	3,041

5

Creditors

Creditors: amounts falling due within one year

	2019 £	2018 £
Due within one year
Accruals	400	373
Other creditors	2,587	2,668
	2,987	3,041

Page 5