HOMEFIELDS MANAGEMENT COMPANY LIMITED 30/09/2019 iXBRL

HOMEFIELDS MANAGEMENT COMPANY LIMITED - Company Information

30/09/2019 2019-09-30 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2018-10-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 2970884 2018-10-01 2019-09-30 2970884 2019-09-30 2970884 2018-09-30 2970884 bus:RegisteredOffice 2018-10-01 2019-09-30 2970884 bus:LeadAgentIfApplicable 2018-10-01 2019-09-30 2970884 bus:Director1 2018-10-01 2019-09-30 2970884 bus:CompanySecretary1 2018-10-01 2019-09-30 2970884 core:WithinOneYear 2019-09-30 2970884 core:WithinOneYear 2018-09-30 2970884 core:ShareCapital 2019-09-30 2970884 core:ShareCapital 2018-09-30 2970884 core:RetainedEarningsAccumulatedLosses 2019-09-30 2970884 core:RetainedEarningsAccumulatedLosses 2018-09-30 2970884 bus:SmallEntities 2018-10-01 2019-09-30 2970884 bus:AuditExemptWithAccountantsReport 2018-10-01 2019-09-30 2970884 bus:FullAccounts 2018-10-01 2019-09-30 2970884 bus:SmallCompaniesRegimeForAccounts 2018-10-01 2019-09-30 2970884 bus:PrivateLimitedCompanyLtd 2018-10-01 2019-09-30

Company registration number: 2970884

HOMEFIELDS MANAGEMENT COMPANY LIMITED

Unaudited filleted financial statements

30 September 2019

HOMEFIELDS MANAGEMENT COMPANY LIMITED

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

HOMEFIELDS MANAGEMENT COMPANY LIMITED

Directors and other information


	Director	L A Moore


	Secretary	Mrs P M Schroeder


	Company number	2970884


	Registered office	68 West Street
		Warminster
		Wiltshire
		BA12 8JW


	Business address	C/O Old Railway Yard
		Haybridge
		WELLS
		BA5 1AH


	Accountants	Robinson Miller
		68 West Street
		Warminster
		Wiltshire
		BA12 8JW




	Bankers	NatWest Bank PLC
		7 High Street
		WELLS
		Somerset
		BA5 2AD

HOMEFIELDS MANAGEMENT COMPANY LIMITED

Statement of financial position

30th September 2019

		2019		2018
	Note	£	£	£	£

Current assets
Debtors	4	324		78
Cash at bank and in hand		-		88
		_______		_______
		324		166
Creditors: amounts falling due
within one year	5	( 182)		( 26)
		_______		_______
Net current assets			142		140
			_______		_______
Total assets less current liabilities			142		140

			_______		_______
Net assets			142		140
			_______		_______

Capital and reserves
Called up share capital			6		6
Profit and loss account			136		134
			_______		_______
Shareholders funds			142		140
			_______		_______

For the year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 05 December 2019 , and are signed on behalf of the board by:

L A Moore

Director

Company registration number: 2970884

HOMEFIELDS MANAGEMENT COMPANY LIMITED

Notes to the financial statements

Year ended 30th September 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 68 West Street, Warminster, Wiltshire, BA12 8JW.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable in respect of management fees and service charges rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Tax where applicable would be recognised in the Income Statement, except to the extent that it related to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.At the current time the company is registered as a flat managment company, is not trading for profit and is not liable to taxation on any temporary surplus.No deferred tax charge is currently required.

4. Debtors

	2019	2018
	£	£
Trade debtors	324	78
	_______	_______

5. Creditors: amounts falling due within one year

	2019	2018
	£	£
Bank loans and overdrafts	169	-
Other creditors	13	26
	_______	_______
	182	26
	_______	_______

6. Reconciliation of amounts held on behalf of Leaseholders

2019 2018

£ £

Service charges levied in the year 1,260 1,332

Insurance costs in the year (420) (406)

Grass Cutting, redecoration and repairs (580) (495)

Accountancy and other professional fees (157) (275)

Electrical Works & Electrical Expenses (85) (105)

Other Costs

_______ | _______ |

18 51

_______ | _______ |

Leaseholder Balance Sheet at the year end

Bank balances held on behalf of leaseholders

by Homefields Management Company Limited 1,516 1,568

Amounts owed by Leaseholders to the Sinking Fund 1,260 1,332

Accruals (275) (838)

Amounts owed to L A Moore Limited (2,120) (1,699)

_______ | _______ |

Closing Value of Sinking Fund 381 363

_______ | _______ |

"Sinking Fund" value brought forward 363 312

Surplus/Deficit for the year 18 51

_______ | _______ |

Closing Value of Sinking Fund 381 363

_______ | _______ |

HOMEFIELDS MANAGEMENT COMPANY LIMITED

The following pages do not form part of the statutory accounts.

HOMEFIELDS MANAGEMENT COMPANY LIMITED

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of HOMEFIELDS MANAGEMENT COMPANY LIMITED

Year ended 30th September 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HOMEFIELDS MANAGEMENT COMPANY LIMITED for the year ended 30th September 2019 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.

This report is made solely to the director of HOMEFIELDS MANAGEMENT COMPANY 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 financial statements of HOMEFIELDS MANAGEMENT COMPANY LIMITED and state those matters that we have agreed to state to them, as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HOMEFIELDS MANAGEMENT COMPANY LIMITED and its director as a body for our work or for this report.

It is your duty to ensure that HOMEFIELDS MANAGEMENT COMPANY LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HOMEFIELDS MANAGEMENT COMPANY LIMITED. You consider that HOMEFIELDS MANAGEMENT COMPANY 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 financial statements of HOMEFIELDS MANAGEMENT COMPANY 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 statutory financial statements.

Robinson Miller

68 West Street

Warminster

Wiltshire

BA12 8JW

5th December 2019