Burges Grove Management Company Limited - Limited company accounts 20.1

REGISTERED NUMBER: 03372122 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

BURGES GROVE MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Income and expenditure account

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

D C Jackson

P P Phillips

N R Sumption

SECRETARY:

Hertford Company Secretaries Limited

REGISTERED OFFICE:

RMG House

Essex Road

Hoddesdon

Hertfordshire

EN11 0DR

REGISTERED NUMBER:

03372122 (England and Wales)

ACCOUNTANTS:

Websters

12 Melcombe Place

London

NW1 6JJ

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

PRINCIPAL ACTIVITY

The company's activities comprise the control, supervision and management, on behalf of the lessees, of the property

known as Burges Grove, Barnes, London SW13 8BG. The company owns the freehold interest in respect of the

roadway and adjoining walkways within the site.

DIRECTORS

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

report.

D C Jackson

P P Phillips

N R Sumption

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors 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:

N R Sumption - Director

12 August 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 Burges Grove Management Company Limited for the year ended 31 December 2019 which

comprise the Income and expenditure account, 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 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Burges Grove Management Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Burges Grove Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Burges Grove Management Company Limited, as a body, 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 Burges Grove Management Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Burges Grove 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 Burges Grove Management Company Limited. You consider that Burges Grove 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 Burges Grove 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.

Websters

12 Melcombe Place

London

NW1 6JJ

18 September 2020

SERVICE CHARGES RECEIVABLE

6,535

6,316

Service charge expenditure

(6,535

)

(6,316

)

OPERATING SURPLUS and

SURPLUS BEFORE TAXATION

-

Tax on surplus

5

-

SURPLUS FOR THE FINANCIAL YEAR

-

FIXED ASSETS

Tangible assets

6

1

CURRENT ASSETS

Debtors

7

21,175

21,930

CREDITORS

Amounts falling due within one year

8

(4,530

)

(5,293

)

NET CURRENT ASSETS

16,645

16,637

TOTAL ASSETS LESS CURRENT
LIABILITIES

16,646

16,638

RESERVES

Reserve Fund

16,646

16,638

16,646

16,638

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 12 August 2020 and
were signed on its behalf by:

N R Sumption - Director

1.	STATUTORY INFORMATION

Burges Grove 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Service charges receivable

Turnover comprises service charge receivable from the lessees of Burges Grove.

Recognition of income

Turnover is recognised in the financial statements concurrently with service charge expenditure incurred in the

year in addition to any contribution to the reserve fund that has been provided for the management of Burges

Grove.

3.	EMPLOYEES AND DIRECTORS

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

4.	OPERATING SURPLUS

The directors' received no remuneration in respect of their services to the company for the year.

5.

TAXATION

Service charge funds are held by the company in trust for the tenants and hence any income tax chargeable at

the rate applicable to such trusts is not reflected in these accounts.

6.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2019

and 31 December 2019

1

NET BOOK VALUE

At 31 December 2019

1

At 31 December 2018

1

The company owns the freehold interest in respect of the roadway and adjoining walkways within the site which

was purchased for £1 consideration. In the directors' opinion this interest does not qualify as an Investment

Property as defined by the provisions of Section 16 of FRS102 as the related property is held for administrative

purposes and as no rentals are being earned. Therefore this freehold interest is held on the balance sheet at £1,

being the cost to the company.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

Other debtors

21,175

21,930

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

Other creditors

4,530

5,293

9.	LIMITED BY GUARANTEE

The company is limited by guarantee and hence does not have a share capital.

Under the company's Memorandum of Association, each member of the company undertakes to contribute

such amount as may be required (not exceeding £1) to the company's assets if it should be wound up.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by a voting majority of its members and accordingly there is no controlling related

party.