36 Oakfield Road Management Company Ltd - Accounts to registrar (filleted) - small 18.2
36 Oakfield Road Management Company Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 |
FOR |
36 OAKFIELD ROAD MANAGEMENT COMPANY |
LIMITED |
36 OAKFIELD ROAD MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 02291087) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 MARCH 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
36 OAKFIELD ROAD MANAGEMENT COMPANY |
LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 MARCH 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
and Statutory Auditor |
61 Queen Square |
Bristol |
BS1 4JZ |
36 OAKFIELD ROAD MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 02291087) |
BALANCE SHEET |
31 MARCH 2021 |
2021 | 2020 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
36 OAKFIELD ROAD MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 02291087) |
BALANCE SHEET - continued |
31 MARCH 2021 |
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 |
36 OAKFIELD ROAD MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 02291087) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 MARCH 2021 |
1. | STATUTORY INFORMATION |
36 Oakfield Road Management Company Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents flat owners contributions towards joint costs. |
Financial instruments |
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs. |
Interest bearing bank loans, overdrafts and other loans which meet the criteria of basic financial instruments are initially recorded at the present value of cash payable to the bank, usually being equivalent to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2020 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other debtors |
36 OAKFIELD ROAD MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 02291087) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 MARCH 2021 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other creditors |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
Ordinary shares of £1 each | 1 | 5 | 5 |
7. | ULTIMATE CONTROLLING PARTY |
The company is under the control of the director, S Pine, by virtue of his interest in 80% of the issued share capital of the company. |
8. | RELATED PARTY TRANSACTIONS |
S J Pine and J H S Martin, directors |
The company is a property service company that exists for the provision of insurance and maintenance of the property. The directors by definition have a beneficial interest in the freehold as owners of long leasehold interests. At the balance sheet date, the amount due to S J Pine and J H S Martin, which is included in other creditors, was £1,898 (2020 - £1,898). |