Bernard Mansion Management - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01635573 (England and Wales)

Financial Statements

for the Year Ended 31 December 2020

for

Bernard Mansion Management

Company Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P R C Woolford

Mr J R Hill

Mr R Goodale

SECRETARY:

Mr P R C Woolford

REGISTERED OFFICE:

11 Bernard Mansion

Herbrand Street

London

WC1N 1LB

REGISTERED NUMBER:

01635573 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

28 Church Road

Stanmore

Middlesex

HA7 4XR

FIXED ASSETS

Tangible assets

4

75

75

CURRENT ASSETS

Debtors

5

8,673

8,842

Cash at bank

15,928

12,666

24,601

21,508

CREDITORS

Amounts falling due within one year

6

21,351

18,258

NET CURRENT ASSETS

3,250

3,250

TOTAL ASSETS LESS CURRENT LIABILITIES

3,325

3,325

CAPITAL AND RESERVES

Called up share capital

75

75

Revaluation reserve

7

75

75

Retained earnings

3,175

3,175

SHAREHOLDERS' FUNDS

3,325

3,325

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 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 8 June 2021 and were signed on its behalf by:

Mr P R C Woolford - Director

Mr R Goodale - Director

1.	STATUTORY INFORMATION

Bernard Mansion 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.

The principal accounting policies adopted in preparation of the financial statements are set out below and have remained unchanged from the previous year and also have been consistently applied within the same accounts

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Long

leasehold

£

COST

At 1 January 2020

and 31 December 2020

75

NET BOOK VALUE

At 31 December 2020

75

At 31 December 2019

75

The company owns the head lease to Bernard Mansion, London WC1. The lease is for a one hundred and twenty five year term commencing 23rd July 1982. The directors have re-valued the lease at £75 and placed the resulting surplus in a revaluation reserve.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

1,174

1,975

Prepayments and accrued income

7,499

6,867

8,673

8,842

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

40

40

Sinking Funds

20,051

17,408

Accruals and deferred income

1,260

810

21,351

18,258

7.

RESERVES

Revaluation

reserve

£

At 1 January 2020

and 31 December 2020

75