Abbreviated Company Accounts - MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED

Abbreviated Company Accounts - MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED

MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED - Company Information

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Registered Number 01966458

MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED

Abbreviated Accounts

28 September 2014

MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED Registered Number 01966458

Abbreviated Balance Sheet as at 28 September 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 119 142
119 142
Current assets
Debtors 3 317 2,001
Cash at bank and in hand 8,618 6,725
8,935 8,726
Prepayments and accrued income 2,110 1,977
Creditors: amounts falling due within one year (102) (102)
Net current assets (liabilities) 10,943 10,601
Total assets less current liabilities 11,062 10,743
Total net assets (liabilities) 11,062 10,743
Capital and reserves
Called up share capital 150 150
Revaluation reserve 12,075 12,075
Profit and loss account (1,163) (1,482)
Shareholders' funds 11,062 10,743
  • For the year ending 28 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 March 2015

And signed on their behalf by:
Andre Leon Erasmus, Director

MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED Registered Number 01966458

Notes to the Abbreviated Accounts for the period ended 28 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover shown in the profit and loss represents service charge received during the period.

2Tangible fixed assets
£
Cost
At 29 September 2013 179
Additions -
Disposals -
Revaluations -
Transfers -
At 28 September 2014 179
Depreciation
At 29 September 2013 37
Charge for the year 23
On disposals -
At 28 September 2014 60
Net book values
At 28 September 2014 119
At 28 September 2013 142

Depreciation is provided after taking account of any grants receivable, at the following annual rates in order to write off each assets over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, plant and machinery - 15% on costs, furniture, fixtures and fittings - 10% on cost.

3Debtors

Debtors are unpaid service charges.