Holmhurst Mews Residential Man Co Ltd - Limited company accounts 20.1

REGISTERED NUMBER: 08576398 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

HOLMHURST MEWS RESIDENTIAL MANAGEMENT

COMPANY LIMITED

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTOR:

Dorota Abbott

SECRETARY:

Michael Laurie Magar Limited

REGISTERED OFFICE:

c/o Michael Laurie Magar

2nd Floor, Premiere House

Elstree Way

Borehamwood

Hertfordshire

WD6 1JH

REGISTERED NUMBER:

08576398 (England and Wales)

ACCOUNTANTS:

Websters

12 Melcombe Place

London

NW1 6JJ

The director presents her report with the financial statements of the company for the year ended 31 December 2020.

PRINCIPAL ACTIVITY

The company's principal activities comprise the control, supervision and management, on behalf of the lessees, of the site known as Holmhurst Mews, Wimbledon, London SW20 0DF with no interest in the reversionary freehold.

DIRECTORS

Dorota Abbott has held office during the whole of the period from 1 January 2020 to the date of this report.

Other changes in directors holding office are as follows:

Warren Blount - resigned 14 December 2020

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Dorota Abbott - Director

17 June 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Holmhurst Mews Residential Management Company Limited for the year ended 31 December 2020 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Holmhurst Mews Residential Management Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Holmhurst Mews Residential Management Company Limited and state those matters that we have agreed to state to the director of Holmhurst Mews Residential Management Company Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Holmhurst Mews Residential Management Company Limited and its director for our work or for this report.

It is your duty to ensure that Holmhurst Mews Residential 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 Holmhurst Mews Residential Management Company Limited. You consider that Holmhurst Mews Residential 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 Holmhurst Mews Residential 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.

Websters

12 Melcombe Place

London

NW1 6JJ

17 June 2021

SERVICE CHARGES RECEIVABLE

-

-

OPERATING SURPLUS and

SURPLUS BEFORE TAXATION

-

-

Tax on surplus

5

-

-

SURPLUS FOR THE FINANCIAL YEAR

-

-

TOTAL ASSETS LESS CURRENT LIABILITIES

-

-

RESERVES

-

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 surplus or deficit 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 provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 17 June 2021 and were signed by:

Dorota Abbott - Director

1.	STATUTORY INFORMATION

Holmhurst Mews Residential Management Company Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Service charge funds

The company receives contributions towards property outgoings from the lessees to the service charge fund. However, as set out in Section 42 of The Landlord & Tenant Act 1987, the company holds these funds in trust for the lessees and therefore it is the opinion of the directors that these contributions along with the assets and liabilities of the service charge fund should not be reflected in the accounts.Mews.

3.	EMPLOYEES AND DIRECTORS

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

4.	OPERATING SURPLUS

The directors received no remuneration in respect of their services to the company for the year.

5.

TAXATION

Service charge funds are held by the company in trust for the tenants and hence any income tax chargeable at the rate applicable to such trusts is not reflected in these accounts.

6.	LIMITED BY GUARANTEE

The company is limited by guarantee and hence does not have a share capital.

Under the company's Memorandum of Association, each member of the company undertakes to contribute such amounts as may be required (not exceeding £1) to the company's assets if it should be wound up.

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by a voting majority of its members and accordingly there is no controlling related party.