Midsummer Place (Cambridge) Property Man - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10255791 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2020

for

Midsummer Place (Cambridge) Property

Management Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr R A Brierton

P D Tonks

Mrs S L Woolston

SECRETARY:

Mrs S L Woolston

REGISTERED OFFICE:

1 Midsummer Place

Cambridge

CB5 8ER

REGISTERED NUMBER:

10255791 (England and Wales)

ACCOUNTANTS:

Day Accountants

Chartered Accountants

Quern House

Mill Court

Great Shelford

Cambridge

Cambridgeshire

CB22 5LD

CURRENT ASSETS

Debtors

4

6

6

CREDITORS

Amounts falling due within one year

5

1,500

866

NET CURRENT LIABILITIES

(1,494

)

(860

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,494

)

(860

)

CAPITAL AND RESERVES

Called up share capital

6

6

6

Retained earnings

7

(1,500

)

(866

)

SHAREHOLDERS' FUNDS

(1,494

)

(860

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 9 June 2021 and were signed on its behalf by:

P D Tonks - Director

1.	STATUTORY INFORMATION

Midsummer Place (Cambridge) Property Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

£

£

Called up share capital not paid

6

6

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Directors' loan accounts

1,170

536

Accrued expenses

330

330

1,500

866

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

6

Ordinary

1

6

6

7.

RESERVES

Retained

earnings

£

At 1 July 2019

(866

)

Deficit for the year

(634

)

At 30 June 2020

(1,500

)

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2020 and 30 June 2019:

2020

2019

£

£

P D Tonks

Balance outstanding at start of year

536

-

Amounts advanced

634

536

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,170

536

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.