Mountside Place Residents Company Limite - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03622206 (England and Wales)

Unaudited Financial Statements

for the Year Ended 24 June 2019

for

Mountside Place Residents Company

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D T Castle

Miss B Parmar

Mrs M Willis

SECRETARY:

Mrs P E Wilding

REGISTERED OFFICE:

Arlington House

19a Turk Street

Alton

Hampshire

GU34 1AG

REGISTERED NUMBER:

03622206 (England and Wales)

ACCOUNTANTS:

Hughes Spencer

The Stables

Stansted Park

Rowlands Castle

Havant

Hampshire

PO9 6DX

FIXED ASSETS

Tangible assets

3

1

1

CURRENT ASSETS

Debtors

4

8,293

7,236

Cash at bank

52,339

57,009

60,632

64,245

CREDITORS

Amounts falling due within one year

5

60,612

64,225

NET CURRENT ASSETS

20

20

TOTAL ASSETS LESS CURRENT LIABILITIES

21

21

CAPITAL AND RESERVES

Called up share capital

6

21

21

SHAREHOLDERS' FUNDS

21

21

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 19 March 2020 and were signed on its behalf by:

D T Castle - Director

1.	STATUTORY INFORMATION

Mountside Place Residents Company Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 25 June 2018

and 24 June 2019

1

NET BOOK VALUE

At 24 June 2019

1

At 24 June 2018

1

The Company holds a Lease of the property known as 'Mountside Place' The Lease is for a period of 99 years

from 24 July 1998. A ground rent of £1 per anum is payable by the Lessees if demanded. No demands have been

made to date.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Service charge debtors

6,290

5,330

Prepayments

2,003

1,906

8,293

7,236

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

5

5

Amount held on behalf of the

Lessees

58,389

57,631

Deferred income

360

300

Accrued expenses

1,858

6,289

60,612

64,225

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

21

Ordinary

£1

21

21