Quaygate Management Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: NI042823 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2020

FOR

QUAYGATE MANAGEMENT COMPANY LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

4

32,999

73,001

Cash at bank

95,063

17,083

128,062

90,084

CREDITORS

Amounts falling due within one year

5

127,944

89,966

NET CURRENT ASSETS

118

118

TOTAL ASSETS LESS CURRENT LIABILITIES

118

118

CAPITAL AND RESERVES

Called up share capital

118

118

118

118

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 profit or loss 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 28 April 2021 and were signed on its behalf by:

Mr John Allen Connor - Director

1.	STATUTORY INFORMATION

Quaygate Management Company Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address are as below:

Registered number:

NI042823

Registered office:

Suite 2b Cadogan House

322 Lisburn Road

Belfast

BT9 6GH

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

The turnover shown in the income and expenditure account represents service charges in the year adjusted for any deficit or surplus.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Service charge debtors

32,999

70,261

Prepayments and accrued income

-

2,740

32,999

73,001

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Service charge creditors

6,792

9,592

Reserve fund

119,809

77,649

Accruals and deferred income

1,343

2,725

127,944

89,966

6.	RELATED PARTY DISCLOSURES

The company was under the control of the company shareholders throughout the current and previous year. The shareholders own property in Quaygate Management Company Limited.

As at 30 April 2020, the reserve fund of £119,809 (2019: £77,649), which is included within note 5 of the financial statements, relates to a surplus of service charges to date.

No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.