Parade School Mews Management Company - Limited company accounts 11.4

REGISTERED NUMBER: 04606218 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2013

for

Parade School Mews Management Company

Limited

Page

Report of the Directors

1

Chartered Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

The directors present their report with the financial statements of the company for the year ended 31 December 2013.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2013 to the date of this

report.

Mrs C Robson

Mr B S Reed

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

Mr B S Reed - Secretary

25 February 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Parade School Mews Management Company Limited for the year ended 31 December 2013

which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Parade School Mews Management Company Limited, as a body,

in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the

financial statements of Parade School Mews Management Company Limited and state those matters that we have agreed

to state to the Board of Directors of Parade School Mews Management Company Limited, as a body, in this report in

accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not

accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or

for this report.

It is your duty to ensure that Parade School Mews Management Company Limited has kept adequate accounting records

and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and

profit of Parade School Mews Management Company Limited. You consider that Parade School Mews Management

Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Parade School Mews

Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting

records or information and explanations you have given to us and we do not, therefore, express any opinion on the

statutory financial statements.

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick upon Tweed

Northumberland

TD15 1NP

25 February 2014

TURNOVER

3,000

2,750

Administrative expenses

2,586

2,545

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

414

205

Tax on profit on ordinary activities

3

-

PROFIT FOR THE FINANCIAL YEAR

414

205

Retained profit brought forward

2,925

2,720

RETAINED PROFIT CARRIED
FORWARD

3,339

2,925

CURRENT ASSETS

Cash at bank

3,710

3,296

CREDITORS

Amounts falling due within one year

4

360

NET CURRENT ASSETS

3,350

2,936

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,350

2,936

CAPITAL AND RESERVES

Called up share capital

5

11

Profit and loss account

3,339

2,925

SHAREHOLDERS' FUNDS

3,350

2,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 25 February 2014 and were signed on its behalf
by:

Mrs C Robson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents the total service charge levied during the year.

2.	OPERATING PROFIT

The operating profit is stated after charging:

2013

2012

£

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2013 nor for the

year ended 31 December 2012.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2013

2012

£

Other creditors

360

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

11

Ordinary

£1

11