Avonward Flat Management Company Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 01374978 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

Avonward Flat Management Company Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms Rochelle Saragoussi

Ms Beatrice Eva Deal

Mr Harold Anthony Barry Lipman

Ms Suzanne Filippa Middleburgh

Ms Gnessia Strauss

Mr George Arthur Summerfield

REGISTERED OFFICE:

62/64 High Road

Bushey Heath

Hertfordshire

WD23 1GG

REGISTERED NUMBER:

01374978 (England and Wales)

ACCOUNTANTS:

Capitax Financial Limited

Devonshire House

582 Honeypot Lane

Stanmore

MIDDLESEX

HA7 1JS

FIXED ASSETS

Tangible assets

4

25,000

CURRENT ASSETS

Prepayments and accrued income

2,491

1,945

Cash at bank

141,346

146,129

143,837

148,074

CREDITORS

Amounts falling due within one year

5

37,299

69,545

NET CURRENT ASSETS

106,538

78,529

TOTAL ASSETS LESS CURRENT
LIABILITIES

131,538

103,529

RESERVES

Other reserves

75,000

Capital Fund

24,999

Income and expenditure account

31,539

3,530

131,538

103,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 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 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 Board of Directors and authorised for issue on 11 November 2020 and were signed on its behalf by:

Mr Harold Anthony Barry Lipman - Director

1.	STATUTORY INFORMATION

Avonward Flat Management Company Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 July 2019

and 30 June 2020

25,000

3,641

28,641

DEPRECIATION

At 1 July 2019

and 30 June 2020

-

3,641

NET BOOK VALUE

At 30 June 2020

25,000

-

25,000

At 30 June 2019

25,000

-

25,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

Other creditors

37,299

69,545

Avonward Flat Management Company Ltd - Accounts to registrar (filleted) - small 18.2

Avonward Flat Management Company Ltd - Accounts to registrar (filleted) - small 18.2