3, 5 And 7 Triumphal Crescent Management - Limited company accounts 20.1

REGISTERED NUMBER: 11107360 (England and Wales)

DIRECTORS' REPORT AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

3, 5 And 7 Triumphal Crescent

Management Company Limited

Page

Company Information

1

Directors' Report

2

Report of the Accountants

3

Profit & Loss Account

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

8

Directors:

P Callaghan

A M White

Mrs A M Farrant

Registered office:

3 Triumphal Crescent

Plympton

Plymouth

Devon

PL7 4RW

Registered number:

11107360 (England and Wales)

Accountants:

Nigel Webster & Co

129 North Hill

Plymouth

Devon

PL4 8JY

The directors present their report with the financial statements of the company for the year ended 31 December 2019.

Principal activity

The principal activity of the company in the year under review was that of property management

services.

Directors

The directors shown below have held office during the whole of the period from 1 January 2019 to

the date of this report.

P Callaghan

A M White

Mrs A M Farrant

Statement of directors' responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in

accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under

that law the directors have elected to prepare the financial statements in accordance with United

Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and

applicable law). Under company law the directors must not approve the financial statements unless

they are satisfied that they give a true and fair view of the state of affairs of the company and of

the surplus or deficit of the company for that period. In preparing these financial statements, the

directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show

and explain the company's transactions and disclose with reasonable accuracy at any time the

financial position of the company and enable them to ensure that the financial statements comply

with the Companies Act 2006. They are also responsible for safeguarding the assets of the

company and hence for taking reasonable steps for the prevention and detection of fraud and

other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act

2006 relating to small companies.

On behalf of the board:

A M White - Director

16 September 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of the company for the period ended 31 December 2019

which comprise the profit and loss account, balance sheet and the related notes from the

company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales

(ICAEW), we are subject to its ethical and other professional requirements which are detailed at

http://www.icaew.com/en/membership/regulations-standard-and-guidance as part of the ICAEW's

regulations and guidance.

This report is made solely to the directors of the company in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial

statements of the company and state those matters that we have agreed to state to you in this

report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by

law, we do not accept or assume responsibility to anyone other than the company and its directors

for our work or for this report.

It is your duty to ensure that the company 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 results of the company. You consider that the company 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 the

company. For this reason, we have not verified the accuracy or completeness of the accounting

records or information you have given to us and we do not, therefore, express any opinion on the

statutory financial statements.

Nigel Webster & Co

129 North Hill

Plymouth

Devon

PL4 8JY

16 September 2020

Turnover

966

-

Administrative expenses

(1,009

)

(449

)

Operating deficit and

Deficit before taxation

(43

)

(449

)

Tax on deficit

-

-

Deficit for the financial year

(43

)

(449

)

Fixed assets

Tangible assets

4

-

-

Current assets

Debtors

5

51

-

Cash at bank

75

31

126

31

Creditors

Amounts falling due within one year

6

618

480

Net current liabilities

(492

)

(449

)

Total assets less current liabilities

(492

)

(449

)

Reserves

Income and expenditure account

(492

)

(449

)

(492

)

(449

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared 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 16 September 2020 and were signed on its behalf by:

P Callaghan - Director

Mrs A M Farrant - Director

1.	STATUTORY INFORMATION

3, 5 And 7 Triumphal Crescent Management Company Limited is a private company, limited by guarantee

, registered in England and Wales. The company's registered number and

registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts received from the tenants for contributions towards

management expenses adjusted for any amounts in arrears/received in advance at the

balance sheet date.

Taxation

The company is a mutual trading company and no corporation tax liability arises on any

surplus over expenditure.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price),

less any impairment losses for bad and doubtful debts. Loans and other financial assets are

initially recognised at transaction price including any transaction costs and subsequently

measured at amortised cost determined using the effective interest method, less any

impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price).

Loans and other financial liabilities are initially recognised at transaction price net of any

transaction costs and subsequently measured at amortised cost determined using the

effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

The company has no fixed assets.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

51

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other creditors

618

480