Horton Road (Datchet) Management Company - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01852298 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2020

for

Horton Road (Datchet) Management Company

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Brittan

SECRETARY:

S Roy

REGISTERED OFFICE:

Airport House

Suite 43-45

Purley Way

Croydon

Surrey

CR0 0XZ

REGISTERED NUMBER:

01852298 (England and Wales)

ACCOUNTANTS:

Ledger Sparks Limited

Airport House

Suite 43-45

Purley Way

Croydon

CR0 0XZ

CURRENT ASSETS

Debtors

4

9,393

11,007

Cash at bank

19,220

13,767

28,613

24,774

CREDITORS

Amounts falling due within one year

5

(4,749

)

(4,747

)

NET CURRENT ASSETS

23,864

20,027

TOTAL ASSETS LESS CURRENT LIABILITIES

23,864

20,027

RESERVES

Other reserves

6

23,020

23,020

Income and expenditure account

6

844

(2,993

)

23,864

20,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 September 2020 and were signed by:

M Brittan - Director

1.	STATUTORY INFORMATION

Horton Road (Datchet) Management Company Limited is a private company limited by guarantee incorporated

in England and Wales. The registered office is Airport House, Suite 43-45, Purley Way, Croydon, Surrey, CR0

0XZ.

The company's principal activity during the year was the management of the development at Horton Road,

Datchet, Berkshire.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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 a

mounts 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.

FINANCIAL INSTRUMENTS

The company only enters into basic financial instrument transactions that results in the recognition od financial

asset and liability such as trade and other debtors and creditors, loan from bank and other third parties, loan to

related parties and investments in non puttable ordinary shares.

TAXATION

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of

making a profit.

INCOME AND EXPENDITURE

Income and expenses are included in the financial statements as they become receivable or due.

Expenses include VAT where applicable as the company cannot reclaim it.

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation

that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the

amount of the obligation.

Provisions are charged as an expense to the Statement of income and retained earning in the year that the

company becomes aware of the obligation, and are measured at the best estimates at the Balance sheet date of the

expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

GOING CONCERN

At the time of approving the financial statements, the directors have a reasonable expectation that the company

has adequate resources to continue in operational existence for the foreseeable future. Thus the directors

continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

9,393

11,007

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Sales Ledger Credit Balance

71

-

Accruals and deferred income

4,678

4,747

4,749

4,747

6.

RESERVES

Profit and loss reserves

The Profit and loss account comprises all current and prior period retained profit and losses after deducting

any distributions made to the company's shareholders. This is a distributable reserve.

7.	POST BALANCE SHEET EVENTS

Since the year end, the Coronavirus (COVID-19) has emerged globally resulting in a significant impact on

businesses worldwide. As a result some business operations have been restricted, however the company

continues to operate using alternative methods and remote working. The directors are unable to evaluate the

overall financial impact on the business at present. Hence financial statements do not include any adjustments

that might result from the outcome of this uncertainty. The directors are continuing to monitor, assess and act to

the current changing environment in order to position the company to ensure its future success.