Ellor (Management) Limited - Period Ending 2019-06-30

Registration number: 01290077

Ellor (Management) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2019

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

Ellor (Management) Limited

Contents

Company Information	1
Directors' Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 5

Ellor (Management) Limited

Company Information

Directors

Mr P T Ringrose Miss R M Roberts Mrs S Lapwood Mr P E Dix Mr R A Pyne Mrs S A Gallagher

Company secretary

Mr S I Jarrett

Registered office

Hillsdon House High Street Sidmouth Devon EX10 8LD

Accountants

Easterbrook Eaton Limited Chartered Accountants Cosmopolitan House Old Fore Street Sidmouth Devon EX10 8LS

Page 1

Ellor (Management) Limited

Directors' Report for the Year Ended 30 June 2019

The directors present their report and the financial statements for the year ended 30 June 2019.

Directors of the company

The directors who held office during the year were as follows:

Mr P T Ringrose

Miss R M Roberts

Mrs S Lapwood

Mr P E Dix

Mr R A Pyne

Mrs S A Gallagher

Principal activity

The principal activity of the company is the management and administration of the block of flats known as The Rolle, Budleigh Salterton.

Small companies provision statement

This report has 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.

Approved by the Board on 5 December 2019 and signed on its behalf by:

.........................................
Mr S I Jarrett
Company secretary

Page 2

Ellor (Management) Limited

(Registration number: 01290077)
Balance Sheet as at 30 June 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	3	41,918	41,918
Creditors: Amounts falling due within one year	4	(11,885)	(11,885)
Net assets		30,033	30,033
Capital and reserves
Called up share capital		32	32
Capital redemption reserve		1	1
Members contribution to freehold		30,000	30,000
Total equity		30,033	30,033

For the financial year ending 30 June 2019 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 Board on 5 December 2019 and signed on its behalf by:
 

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

Mrs S A Gallagher
Director

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

Page 3

Ellor (Management) Limited

Notes to the Financial Statements for the Year Ended 30 June 2019

1	General information

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

The address of its registered office is:
Hillsdon House
High Street
Sidmouth
Devon
EX10 8LD

These financial statements were authorised for issue by the Board on 5 December 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	Nil

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 4

Ellor (Management) Limited

Notes to the Financial Statements for the Year Ended 30 June 2019

Bank, Cash and Other Assets

A statutory trust is placed over service charge monies received under section 42 of the Landlord and Tenant Act 1987 and the Residential Management Company acts as a trustee in this capacity.

The closing balance of cash and other assets held in trust by the Residential Management Company are £92,121:
£39,498 Harrison Lavers & Potburys Ltd Re Ellor (Management) Ltd Clients Account Barclays Acc. 20351644 (non-interest bearing)
£52,623 Harrison Lavers & Potburys Ltd Re Ellor (Management) Ltd Clients Account Barclays Premium Acc. 43424170 (interest bearing)

3	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 July 2018	41,918	41,918
At 30 June 2019	41,918	41,918
Depreciation
Carrying amount
At 30 June 2019	41,918	41,918
At 30 June 2018	41,918	41,918

Included within the net book value of land and buildings above is £41,918 (2018 - £41,918) in respect of freehold land and buildings.
 

4

Creditors

Creditors: amounts falling due within one year

	Note	2019 £	2018 £
Due within one year
Service charge account		11,885	11,885

5	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary of £1 each	32	32	32	32

Page 5