Oaklands Estate Management Co. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03373238

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 24 JUNE 2019

FOR

OAKLANDS ESTATE MANAGEMENT CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms C Ball

M Carmody

A D Jones

N Rnjak

Mrs C Harrison

REGISTERED OFFICE:

c/o Whitford Estates

45 Penfold Way

Steyning

West Sussex

BN44 3PG

REGISTERED NUMBER:

03373238

ACCOUNTANTS:

D A CLARK & CO. LTD.

Bailey House

4-10 Barttelot Road

Horsham

West Sussex

RH12 1DQ

CURRENT ASSETS

Debtors

2

(120

)

530

Cash at bank

16,962

16,153

16,842

16,683

CREDITORS

Amounts falling due within one year

3

1,829

1,850

NET CURRENT ASSETS

15,013

14,833

TOTAL ASSETS LESS CURRENT LIABILITIES

15,013

14,833

CAPITAL AND RESERVES

Called up share capital

15

15

Retained earnings

14,998

14,818

SHAREHOLDERS' FUNDS

15,013

14,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 June 2019 in accordance with Section 476 of the Companies Act 2006.

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 profit or loss 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 November 2019 and were signed on its behalf by:

A D Jones - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared as the financial statements for the resident management company acting as

principal for all transactions during the year. Because of this, transactions entered into have been recognised in

the profit and loss report, as per guidance from ICAEW under UITF 92 and previous legislation. The cash

balance held by the company is being held on trust for the lessees in accordance with the Landlords and Tenants

Act 1987, and is not an asset of the company.

Turnover

Turnover represents service charges payable towards the management of property known as Oaklands, Oakhill

Road, Horsham, West Sussex

2.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24.6.19

24.6.18

£

£

Trade debtors

(120

)

530

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24.6.19

24.6.18

£

£

Trade creditors

82

118

Accrued expenses

1,747

1,732

1,829

1,850

4.

RESERVES

Profit and

Major works

TOTALS

loss account

reserve fund

At 25 June 2018

4,242

10,576

4,818

Profit for the year

180

180

Major works

Transfer to cyclical maintenance

Balance at 24 June 2019

4,422

10,576

14,998

5.	REPAIRS TO PROPERTY

£

Staircases

1,690

Aerial repairs

173

Sign

108

Gate repairs

150

Aerial repairs

260

Repairs (D&T)

475

2,856