Moorhayes Park Management Company (No5) Limited
Moorhayes Park Management Company (No5) Limited
Registered number: 06302837
Directors' Report and
Financial Statements
For The Year Ended 31 July 2019
Moorhayes Park Management Company (No5) Limited
Directors' Report and Financial Statements
For The Year Ended 31 July 2019
Directors' Report and Financial Statements
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| Company Information | 1 |
| Directors' Report | 2 |
| Accountant's Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5—6 |
| Notes to the Financial Statements | 7 |
Moorhayes Park Management Company (No5) Limited
Company Information
For The Year Ended 31 July 2019
Company Information
| Directors |
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| Secretary |
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| Registered Office | 53 Bampton Street |
| Tiverton | |
| Devon | |
| EX16 6AL | |
| Accountants |
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| Tiverton Business Park | |
| Tiverton | |
| Devon | |
| EX16 6GT | |
Page 1
Moorhayes Park Management Company (No5) Limited
Company No. 06302837
Directors' Report For The Year Ended 31 July 2019
Directors' Report
The directors present their report and the financial statements for the year ended 31 July 2019 .
Principal Activity
The company's principal activity continues to be the management of apartments 4 to 20 (even numbers only) at Massey Road, Tiverton.
Directors
The directors who held office during the year were as follows:
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Small Company Rules
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.
On behalf of the board
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Director
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Page 2
Moorhayes Park Management Company (No5) Limited
Accountant's Report
For The Year Ended 31 July 2019
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Moorhayes Park Management Company (No5) Limited For The Year Ended 31 July 2019
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Moorhayes Park Management Company (No5) Limited which comprise the Income and Expenditure Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Moorhayes Park Management Company (No5) Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Moorhayes Park Management Company (No5) Limited and state those matters that we have agreed to state to the directors of Moorhayes Park Management Company (No5) Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moorhayes Park Management Company (No5) Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Moorhayes Park Management Company (No5) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Moorhayes Park Management Company (No5) Limited . You consider that Moorhayes Park Management Company (No5) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Moorhayes Park Management Company (No5) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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4 Cedar Court
Tiverton Business Park
Tiverton
Devon
EX16 6GT
Page 3
Moorhayes Park Management Company (No5) Limited
Income and Expenditure Account
For The Year Ended 31 July 2019
Income and Expenditure Account
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| Notes | £ | £ | ||
| TURNOVER |
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| GROSS SURPLUS |
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| Administrative expenses |
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| OPERATING SURPLUS/(DEFICIT) |
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| Other interest receivable and similar income |
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| SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR |
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The notes on page 7 form part of these financial statements.
Page 4
Moorhayes Park Management Company (No5) Limited
Balance Sheet
As at
31 July 2019
Balance Sheet
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 2 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 3 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| Income and Expenditure Account |
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| MEMBERS' FUNDS | 1,762 | 2,204 | |||
Page 5
Moorhayes Park Management Company (No5) Limited
Balance Sheet (continued)
As at
31 July 2019
Directors' responsibilities:
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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.
On behalf of the board
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Director
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The notes on page 7 form part of these financial statements.
Page 6
Moorhayes Park Management Company (No5) Limited
Notes to the Financial Statements
For The Year Ended 31 July 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover consists of fees and charges received from residents of the apartments.
1.3.
Taxation
There is no corporation tax liability as the company's business consists of the managementm on a non profit making basis, of a block of apartments for the owners of the apartments.
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Debtors
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| Services charge due |
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| Sundry |
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Creditors: Amounts Falling Due Within One Year
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| Trade creditors |
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| Service charge prepaid |
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| Accruals and deferred income |
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4.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
5.
General Information
Moorhayes Park Management Company (No5) Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 06302837 . The registered office is 53 Bampton Street, Tiverton, Devon, EX16 6AL.
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