Abbreviated Company Accounts - ORTON ROAD APARTMENTS MANAGEMENT COMPANY LIMITED

Abbreviated Company Accounts - ORTON ROAD APARTMENTS MANAGEMENT COMPANY LIMITED


Registered Number 06373520

ORTON ROAD APARTMENTS MANAGEMENT COMPANY LIMITED

Abbreviated Accounts

30 September 2014

ORTON ROAD APARTMENTS MANAGEMENT COMPANY LIMITED Registered Number 06373520

Abbreviated Balance Sheet as at 30 September 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 3 15,000 15,000
15,000 15,000
Creditors: amounts falling due within one year (16,500) (16,500)
Net current assets (liabilities) (16,500) (16,500)
Total assets less current liabilities (1,500) (1,500)
Total net assets (liabilities) (1,500) (1,500)
Reserves
Income and expenditure account (1,500) (1,500)
Members' funds (1,500) (1,500)
  • For the year ending 30 September 2014 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 13 May 2015

And signed on their behalf by:
Mrs S Barnes, Director

ORTON ROAD APARTMENTS MANAGEMENT COMPANY LIMITED Registered Number 06373520

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Fixed assets include the freehold reversion to the property which was acquired during the year to 30 September 2012. In accordance with SSAP19 no depreciation is provided on investment properties.

Other accounting policies
Prior period adjustment:
The company is a residents property management company. Service charge payments by the property tenants are held in trust for the tenants. As such these funds are not an asset of this company. Furthermore the income and expenditure within those funds are not transactions of this company.
Previous year accounts of Orton Road Apartments Management Company Limited have included both the bank balance asset and the income and expenditure as if they related to the company. These accounts show restated comparative figures so as to exclude those transactions and balances. The net impact of the prior year adjustment is to reduce the general reserve shown in the 30 September 2013 accounts by £9,432.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 October 2013 15,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2014 15,000
Depreciation
At 1 October 2013 -
Charge for the year -
On disposals -
At 30 September 2014 -
Net book values
At 30 September 2014 15,000
At 30 September 2013 15,000