Company Registration No. 01656538 (England and Wales)
THE MOORLANDS MANAGEMENT COMPANY LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
THE MOORLANDS MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
THE MOORLANDS MANAGEMENT COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
35,000
35,000
Current assets
Debtors
5,030
4,660
Cash at bank and in hand
70,474
60,733
75,504
65,393
Creditors: amounts falling due within one year
(7,657)
(6,376)
Net current assets
67,847
59,017
Total assets less current liabilities
102,847
94,017
Capital and reserves
Called up share capital
3
54
54
Revaluation reserve
35,000
35,000
Profit and loss account
67,793
58,963
Shareholders' funds
102,847
94,017
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
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;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 2 March 2015
D P Coates
Director
Company Registration No. 01656538
THE MOORLANDS MANAGEMENT COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable by the company from the members to cover management services and general expenses.
1.3
Tangible fixed assets and depreciation
Tangible fixed assts are entirely made up of an investment property as shown in note 4 to the accounts. Investment properties are included in the balance sheet at their open market value as valued by the directors . Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.Investment properties are included in the balance sheet at their open market value as valued by the directors.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 January 2014 & at 31 December 2014
35,000
Net book value
At 31 December 2014
35,000
At 31 December 2013
35,000
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
54 Ordinary shares of £1 each
54
54
2014-12-312014-01-01falsetruetruetruetruetruetmp8356.html2015-03-16016565382014-01-012014-12-31016565382014-12-31016565382013-12-31016565382013-12-3101656538uk-bus:Director42014-01-012014-12-3101656538uk-bus:OrdinaryShareClass12014-01-012014-12-3101656538uk-bus:OrdinaryShareClass12014-12-3101656538uk-bus:OrdinaryShareClass12013-12-31xbrli:purexbrli:sharesiso4217:GBP
