Abbots Quay Management Company Limited - Accounts to registrar (filleted) - small 18.2
Abbots Quay Management Company Limited - Accounts to registrar (filleted) - small 18.2
ABBOTS QUAY MANAGEMENT COMPANY LIMITED |
Unaudited Financial Statements |
for the Year Ended 31st October 2019 |
ABBOTS QUAY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03109636) |
Contents of the Financial Statements |
for the year ended 31st October 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ABBOTS QUAY MANAGEMENT COMPANY LIMITED |
Company Information |
for the year ended 31st October 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ABBOTS QUAY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03109636) |
Balance Sheet |
31st October 2019 |
2019 | 2018 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Other reserves |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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 profit or loss 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
ABBOTS QUAY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03109636) |
Notes to the Financial Statements |
for the year ended 31st October 2019 |
1. | STATUTORY INFORMATION |
Abbots Quay Management Company Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
This is the first year the company has prepared its financial statements under FRS102 - Section 1A. Information on the impact of first time adoption of FRS102 - Section 1A is given in note 6. |
The financial statements are presented in Sterling (£). |
Critical accounting judgements and key sources of estimation uncertainty |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
ABBOTS QUAY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03109636) |
Notes to the Financial Statements - continued |
for the year ended 31st October 2019 |
2. | ACCOUNTING POLICIES - continued |
Debtors |
Short term debtors are measured at transaction price, less any impairment. |
Creditors |
Short term creditors are measured at the transaction price. |
Financial instruments |
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Taxation and social security |
Other creditors |
6. | CONTROLLING PARTIES |
The company is not under the control of any one individual. |