Trinity Whitehouse Management Limited - Period Ending 2019-08-31

Registration number: 05915535

Trinity Whitehouse Management Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements - Companies House Filing

for the Year Ended 31 August 2019

Trinity Whitehouse Management Limited

(Registration number: 05915535)
Statement of Financial Position as at 31 August 2019

	Note	2019 £	2018 £
Current assets
Debtors	4	195	10
Cash at bank and in hand		5,827	4,617
		6,022	4,627
Creditors: Amounts falling due within one year	5	(3,951)	(3,724)
Total assets less current liabilities		2,071	903
Creditors: Amounts falling due after more than one year	5	(6,507)	(9,712)
Net liabilities		(4,436)	(8,809)
Reserves
Profit and loss account		(4,436)	(8,809)
Total equity		(4,436)	(8,809)

For the financial year ending 31 August 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 Income Statement has been taken.

Approved and authorised by the Board on 18 March 2020 and signed on its behalf by:
 

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

Mr J Williams
Company secretary and director

The notes on pages 2 to 4 form an integral part of these financial statements.

Page 1

Trinity Whitehouse Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY
England

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents service charges receivable from the residents for the year in question and is derived wholly within the UK.

Tangible assets

The company has freehold ownership over the land known as Trinity Court, Ashdown Road, Bexhill on Sea.

Maintenance contributions receivable

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Page 2

Trinity Whitehouse Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Income Statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

Due to the nature of the company’s activities there were no employees in the current or previous year.

4

Debtors

	2019 £	2018 £
Maintenance contributions receivable	-	10
Prepayments	195	-
	195	10

5

Creditors

Creditors: amounts falling due within one year

	2019 £	2018 £
Accruals and deferred income	718	571
Other creditors	3,233	3,153
	3,951	3,724

Creditors: amounts falling due after more than one year

	Note	2019 £	2018 £
Loans and borrowings	6	6,507	9,712

Page 3

Trinity Whitehouse Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019

6	Loans and borrowings

	2019 £	2018 £
Non-current loans and borrowings
Other borrowings	6,507	9,712

7	Going concern

The financial statements have been prepared on a going concern basis due to the continuing support of the members.

Page 4