Abbreviated Company Accounts - 319 UPPER RICHMOND ROAD MANAGEMENT COMPANY LIMITED
Abbreviated Company Accounts - 319 UPPER RICHMOND ROAD MANAGEMENT COMPANY LIMITED
Registered Number 01387111
319 UPPER RICHMOND ROAD MANAGEMENT COMPANY LIMITED
Abbreviated Accounts
31 March 2015
319 UPPER RICHMOND ROAD MANAGEMENT COMPANY LIMITED Registered Number 01387111
Abbreviated Balance Sheet as at 31 March 2015
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| Accruals and deferred income |
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For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
319 UPPER RICHMOND ROAD MANAGEMENT COMPANY LIMITED Registered Number 01387111
Notes to the Abbreviated Accounts for the period ended 31 March 2015
1Accounting Policies
Basis of measurement and preparation of accounts
a) Accounting Convention
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). As the Company does not trade for profit, the formats prescribed by the Companies Act 2006 have been substantially modified in order to meet the Company’s circumstances and show a true and fair view.
b) Accruals Basis
Income and expenditure are accounted for on the accruals basis.
c) Service Charge
No provision has been made for service charges for the calendar year 2015 which have not yet been fixed.
d) Disclosure Requirements
This report of the Directors has been prepared taking advantage of the small companies exemption section 415A of the Companies Act 2006
Turnover policy
Turnover or income of the company comprised service charges due from the leaseholders sufficient to meet the communal expenses incurred in maintaining and running the freehold property owned by the company relating to the accounting year.
Other accounting policies
Income is intended to be just sufficient to cover the expenditure so that no provision is made for taxation payable. This has been agreed with the Inland Revenue.
FIXED ASSETS
The company owns the freehold interest in the property at 319 Upper Richmond Road, London SW15. The property is divided into seven flats, which are leased for terms of over 900 years at peppercorn rents, so that the freehold property has a value of nil.
2Company limited by guarantee