Ramblebank Management Co. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01297951 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

RAMBLEBANK MANAGEMENT CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J W Cush

G Morgan

A Hermanowski

P M W Goodwin

REGISTERED OFFICE:

Penns Cottage

Horsham Road

Steyning

BN44 3LJ

REGISTERED NUMBER:

01297951 (England and Wales)

ACCOUNTANTS:

Galloways Accounting

First Floor

Ridgeland House

15 Carfax

Horsham

West Sussex

RH12 1DY

CURRENT ASSETS

Debtors

3

2,924

502

Cash at bank

9,714

7,072

12,638

7,574

CREDITORS

Amounts falling due within one year

4

2,358

2,483

NET CURRENT ASSETS

10,280

5,091

TOTAL ASSETS LESS CURRENT LIABILITIES

10,280

5,091

CAPITAL AND RESERVES

Called up share capital

18

18

Major works reserve

6,604

2,604

Retained earnings

3,658

2,469

SHAREHOLDERS' FUNDS

10,280

5,091

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 1 June 2021 and were signed on its behalf by:

G Morgan - Director

1.	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.

The accounts have been prepared as the financial statements for the resident management company acting as principal for all transactions during the year. Because of this, transactions entered into have been recognised in the profit and loss report, as per guidance from ICAEW Tech03/11. The cash balance held by the company is being held on trust for the lessees in accordance with the Landlords and Tenants Act 1987, and is not an asset of the company.

Turnover

Turnover represents service charges payable towards the management of property known as Ramblebank Management Company, Horsham, West Sussex.

2.	EMPLOYEES AND DIRECTORS

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

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade debtors

2,695

275

Prepayments and accrued income

229

227

2,924

502

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade creditors

644

284

Accrued expenses

1,714

2,199

2,358

2,483

5.	REPAIRS AND MAINTENANCE

£

Steel plaques

281

Washing lines

65

Downpipe

150

Annual maintenance - alarms

235

Gutter clearance

180

Gutters

730

1,641

6.

RESERVES

Retained

Major

TOTALS

earnings

works reserve

At 30 September 2019

2,469

2,604

5,073

Profit for the year

5,189

5,189

Transfer to cyclical maintenance

(4,000

)

4,000

-

At 30 September 2020

2,469

6,604

10,262