Abbreviated Company Accounts - PYOTTS MANAGEMENT COMPANY LIMITED

PYOTTS MANAGEMENT COMPANY LIMITED - Company Information

Registered Number 02256899

PYOTTS MANAGEMENT COMPANY LIMITED

Abbreviated Accounts

30 September 2014

PYOTTS MANAGEMENT COMPANY LIMITED Registered Number 02256899

Abbreviated Balance Sheet as at 30 September 2014

	2014	2013
	£	£
Current assets
Debtors	14,102	11,111
Cash at bank and in hand	7,988	7,414
	22,090	18,525
Creditors: amounts falling due within one year	(2,718)	(2,386)
Net current assets (liabilities)	19,372	16,139
Total assets less current liabilities	19,372	16,139
Total net assets (liabilities)	19,372	16,139
Capital and reserves
Called up share capital	24	24
Other reserves	9,000	6,000
Profit and loss account	10,348	10,115
Shareholders' funds	19,372	16,139

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 June 2015

And signed on their behalf by:
B L Jupp, Director

PYOTTS MANAGEMENT COMPANY LIMITED Registered Number 02256899

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts invoiced to the tenants in respect of communal expenses.

Other accounting policies
GOING CONCERN
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

TAXATION
The company is a property management company that has been set up for this purpose and therefore is deemed by HMRC to be dormant for Corporation Tax purposes. As such no provision has been made in theses financial statements.

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.