Forsyth Place Residents Management Company Limited 31/03/2021 iXBRL

Forsyth Place Residents Management Company Limited 31/03/2021 iXBRL

FORSYTH PLACE RESIDENTS MANAGEMENT COMPANY LIMITED - Company Information

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Company registration number: 02272621
Forsyth Place Residents Management Company Limited
Company limited by guarantee
Unaudited filleted financial statements
31 March 2021
Forsyth Place Residents Management Company Limited
Company limited by guarantee
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Forsyth Place Residents Management Company Limited
Company limited by guarantee
Directors and other information
Director RM Kingston
Secretary Mrs J Parker
Company number 02272621
Registered office 438 Ley Street
Ilford
Essex
IG2 7BS
Business address 14 Forsyth Place
Enfield
Middlesex
EN1 2EP
Accountants DK Business Services Limited
438 Ley Street
Ilford
Essex
IG2 7BS
Bankers Yorkshire Bank
7 Gold Street
Northampton
NN1 1EN
Forsyth Place Residents Management Company Limited
Company limited by guarantee
Statement of financial position
31 March 2021
2021 2020
Note £ £ £ £
Creditors: amounts falling due
within one year 5 ( 94) ( 94)
_______ _______
Net current liabilities ( 94) ( 94)
_______ _______
Total assets less current liabilities ( 94) ( 94)
_______ _______
Net liabilities ( 94) ( 94)
_______ _______
Capital and reserves
Profit and loss account ( 94) ( 94)
_______ _______
Members deficit ( 94) ( 94)
_______ _______
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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 statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 April 2021 , and are signed on behalf of the board by:
RM Kingston
Director
Company registration number: 02272621
Forsyth Place Residents Management Company Limited
Company limited by guarantee
Notes to the financial statements
Year ended 31 March 2021
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 438 Ley Street, Ilford, Essex, IG2 7BS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in equity during the current year or prior year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
4. Limited by guarantee
As per clause 5 of the Memorandum of Association, "Every member of the company undertakes to contribute such amount as may be required (not exceeding £1) to the Company's assets if it should be wound up while he is a member or within one year after he ceases to be a member for payment of the Company's debts and liabilities contracted before he ceases to be a member and of the costs charges and expenses of winding-up and for the adjustments of the rights of the contributions among themselves."
5. Creditors: amounts falling due within one year
2021 2020
£ £
Other creditors 94 94
_______ _______