Holmwood House Management Limited Filleted accounts for Companies House (small and micro)

HOLMWOOD HOUSE MANAGEMENT LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 02411372

Holmwood House Management Limited

Filleted Unaudited Abridged Financial Statements

31 December 2019

Holmwood House Management Limited

Abridged Statement of Financial Position

31 December 2019

	2019	2018
Note	£	£

Fixed assets

Tangible assets	4	6,584	6,584

Current assets

Debtors	1,620	810

Creditors: amounts falling due within one year	190	190
	-------	----
Net current assets	1,430	620
	-------	-------
Total assets less current liabilities	8,014	7,204
	-------	-------

Capital and reserves

Profit and loss account	8,014	7,204
	-------	-------
Shareholders funds	8,014	7,204
	-------	-------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

Holmwood House Management Limited

Abridged Statement of Financial Position (continued)

31 December 2019

These abridged financial statements were approved by the board of directors and authorised for issue on 23 November 2020 , and are signed on behalf of the board by:

S E Whytehead

Director

Company registration number: 02411372

Holmwood House Management Limited

Notes to the Abridged Financial Statements

Year ended 31 December 2019

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Celixir House, Stratford Business & Technology Park, Banbury Road, Stratford - Upon - Avon, Warwickshire, CV37 7GZ, UK.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

The fixed assets represent the interest in the freehold of the land and therefore depreciation has not been charged.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Tangible assets

	£
Cost
At 1 January 2019 and 31 December 2019	6,584
	-------
Depreciation
At 1 January 2019 and 31 December 2019	–
	-------
Carrying amount
At 31 December 2019	6,584
	-------
At 31 December 2018	6,584
	-------

5. Prior period errors

The format of the limited company accounts has been restated to reflect the guidance and recommendations of the ICAEW relating to residential management companies.

6. Related party transactions

The company was under the control of the directors throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under FRS102.