Holmer Mansions Management Limited - Period Ending 2020-12-31

Holmer Mansions Management Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 5

Holmer Mansions Management Limited

Company Information

Directors

R B Harris E L Hedges

Company secretary

Mrs E L B Hunter

Registered office

C/O Saturley Garner & Co Ltd Office 3, Pure Offices Pastures Avenue, St Georges Weston-super-Mare North Somerset BS22 7SB

Accountants

Four Fifty Partnership Chartered Accountants 34 Boulevard Weston-super-Mare Somerset BS23 1NF

Holmer Mansions Management Limited

(Registration number: 02317407)
Balance Sheet as at 31 December 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets		1	1
Current assets
Debtors		9	9
Creditors: Amounts falling due within one year		(1)	(1)
Net current assets		8	8
Net assets		9	9
Capital and reserves
Called up share capital		9	9
Shareholders' funds		9	9

For the financial year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Holmer Mansions Management Limited

(Registration number: 02317407)
Balance Sheet as at 31 December 2020

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 5 April 2021 and signed on its behalf by:
 

.........................................

E L Hedges
Director

Holmer Mansions Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of these accounts is that of pound sterling.

Contractual commitments

The company contracts with third parties in its own name for the supply of services to the property for maintenance of the common parts in accordance with the terms of the lease. At 31 December 2020 the company had not entered into any non-cancellable contractual commitments. (2019 Non-contractual commitment to the sum of £Nil).

Residential property trust

The company has no income or expenditure in its own right. All transactions in the year relate to the maintenance of the common parts in accordance with the lease. Income and expenditure arising from these transactions are shown in separate service charge accounts for the property, they do not form part of the annual accounts of the company and are not filed at Companies House. All service charges monies received from the residents of the property are held on trust for the residents. As at the balance sheet date, the monies held in trust for future maintenance of the aforementioned property amount to £9,601 (2019 - £7,857).

Holmer Mansions Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020

2	Accounting policies (continued)

Tangible assets

Freehold property represents a notional value assigned to the freehold of the property that the company manages. The directors consider that it is not necessary to depreciate this value as any movement is not material.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2019 - 0).

4	Related party transactions

Summary of transactions with other related parties

Included in other debtors is £9 (2019: £9) held in trust bank account on behalf of the company. Included in other creditors is £1 (2019: £1) which relates to the value of the freehold property, that is due to the trust account upon winding up of the company, if and when that occurs.