TIERNEY_COURT_LIMITED - Accounts


Company Registration No. 1485015 (England and Wales)
TIERNEY COURT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
PAGES FOR FILING WITH REGISTRAR
TIERNEY COURT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
TIERNEY COURT LIMITED
BALANCE SHEET
AS AT
31 MARCH 2020
31 March 2020
- 1 -
2020
2019
Notes
£
£
£
£
Fixed assets
Tangible assets
2
10,356
10,356
Current assets
Debtors
3
32,360
14,496
Cash at bank and in hand
182,665
183,952
215,025
198,448
Creditors: amounts falling due within one year
4
(55,020)
(66,940)
Net current assets
160,005
131,508
Total assets less current liabilities
170,361
141,864
Reserves
Called up share capital
20
20
Share premium account
9,980
9,980
Income and expenditure account
160,361
131,864
Members' funds
170,361
141,864

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 25 June 2020 and are signed on its behalf by:
Mr P Head
Director
Company Registration No. 1485015
TIERNEY COURT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
- 2 -
1
Accounting policies
Company information

Tierney Court Limited is a private company limited by shares incorporated in England and Wales. The registered office is Swan House, 39 Savill Way, Marlow, Bucks., England, SL7 1UB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Turnover represents the amount receivable for ground rents and service charges receivable from the residents of the property managed by the company. The charges are determined by the directors from time to time.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
20% on cost
Pool refurbishment
33% on cost
2
Tangible fixed assets
Freehold land and buildings
Improvements to property
Pool refurbishment
Total
£
£
£
£
Cost
At 1 April 2019 and 31 March 2020
10,356
115,370
27,243
152,969
Depreciation and impairment
At 1 April 2019 and 31 March 2020
-
115,370
27,243
142,613
Carrying amount
At 31 March 2020
10,356
-
-
10,356
At 31 March 2019
10,356
-
-
10,356
TIERNEY COURT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2020
- 3 -
3
Debtors
2020
2019
Amounts falling due within one year:
£
£
Service charges due
28,500
10,645
Other debtors
3,860
3,851
32,360
14,496
4
Creditors: amounts falling due within one year
2020
2019
£
£
Other creditors
55,020
66,940
5
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was Christopher Nisbet BA(Hons) ACA.
The auditor was Wilkins Kennedy Audit Services.
2020-03-312019-04-01false01 July 2020CCH SoftwareCCH Accounts Production 2020.100No description of principal activityThis audit opinion is unqualifiedMrs A BiggsMrs R DolanMr P HeadMrs Y JacobsMrs L MillsAMS Marlow Ltd t/a Alba Management Services14850152019-04-012020-03-3114850152020-03-3114850152019-03-311485015core:LandBuildingscore:OwnedOrFreeholdAssets2020-03-311485015core:LandBuildingscore:OwnedOrFreeholdAssets2019-03-311485015core:CurrentFinancialInstrumentscore:WithinOneYear2020-03-311485015core:CurrentFinancialInstrumentscore:WithinOneYear2019-03-311485015core:CurrentFinancialInstruments2020-03-311485015core:CurrentFinancialInstruments2019-03-311485015core:ShareCapital2020-03-311485015core:ShareCapital2019-03-311485015core:SharePremium2020-03-311485015core:SharePremium2019-03-311485015core:RetainedEarningsAccumulatedLosses2020-03-311485015core:RetainedEarningsAccumulatedLosses2019-03-311485015bus:Director42019-04-012020-03-311485015core:LandBuildingscore:OwnedOrFreeholdAssets2019-03-311485015core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2019-03-311485015core:Non-standardPPEClass2ComponentTotalPropertyPlantEquipment2019-03-3114850152019-03-311485015core:WithinOneYear2020-03-311485015core:WithinOneYear2019-03-311485015bus:CompanyLimitedByGuarantee2019-04-012020-03-311485015bus:SmallCompaniesRegimeForAccounts2019-04-012020-03-311485015bus:FRS1022019-04-012020-03-311485015bus:Audited2019-04-012020-03-311485015bus:Director12019-04-012020-03-311485015bus:Director22019-04-012020-03-311485015bus:Director32019-04-012020-03-311485015bus:Director52019-04-012020-03-311485015bus:CompanySecretary12019-04-012020-03-311485015bus:FullAccounts2019-04-012020-03-31xbrli:purexbrli:sharesiso4217:GBP