ST PETER'S LANE APARTMENTS MANAGEMENT COMPANY LIMITED 30/09/2019 iXBRL

ST PETER'S LANE APARTMENTS MANAGEMENT COMPANY LIMITED 30/09/2019 iXBRL

ST PETER'S LANE APARTMENTS MANAGEMENT COMPANY LIMITED - Company Information

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ST PETER'S LANE APARTMENTS MANAGEMENT COMPANY LIMITED
Unaudited financial statements
30 September 2019
Company registration number 08876221
ST PETER'S LANE APARTMENTS MANAGEMENT COMPANY LIMITED
Contents
Directors and other information
Directors report
Statement of financial position
Notes to the financial statements
ST PETER'S LANE APARTMENTS MANAGEMENT COMPANY LIMITED
Directors and other information
Directors J J Showler
Company number 08876221
Registered office Chantry Yard
33b King Street
Canterbury
Kent
CT1 2AJ
Business address Chantry Yard
33b King Street
Canterbury
Kent
CT1 2AJ
Accountants J.A.D. Associates Limited
4 Bloors Lane
Rainham
Gillingham
Kent
ST PETER'S LANE APARTMENTS MANAGEMENT COMPANY LIMITED
Directors report
Year ended 30 September 2019
The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2019.
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial period. It is anticipated that the company will remain dormant for the foreseeable future.
Directors
The directors who served the company during the year were as follows:
J J Showler
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 13 June 2020 and signed on behalf of the board by:
J J Showler
Director
ST PETER'S LANE APARTMENTS MANAGEMENT COMPANY LIMITED
Statement of financial position
30 September 2019
Note £ £ £ £
Current assets
Cash at bank and in hand 1 1
_______ _______
1 1
Net current assets 1 1
_______ _______
Total assets less current liabilities 1 1
_______ _______
Net assets 1 1
_______ _______
Capital and reserves
Called up share capital 1 1
_______ _______
Shareholders funds 1 1
_______ _______
The company did not trade during the current year or prior period and has not made either a profit or loss.
For the year ending 30 September 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors 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 directors acknowledge 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 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 were approved by the board of directors and authorised for issue on 13 June 2020 , and are signed on behalf of the board by:
J J Showler
Director
Company registration number: 08876221
ST PETER'S LANE APARTMENTS MANAGEMENT COMPANY LIMITED
Notes to the financial statements
Year ended 30 September 2019
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Chantry Yard, 33b King Street, Canterbury, Kent, CT1 2AJ.
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.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior period and therefore no income statement is presented within these financial statements. There have been no movements in equity during the current year or prior period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Controlling party
The company is a wholly owned subsidiary of Rogate Properties (St Peter's Lane) Limited which in turn is owned by Broad Oak Motor Group Limited, Rogate Estates Limited and Seaward Properties Ltd, all company's registered in the United Kingdom.