Roserrow Management Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03163966 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2021

FOR

ROSERROW MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N S Lucas

I Maccabe

P Perkins

A M Nolan

Mrs A C Lane

SECRETARY:

N S Lucas

REGISTERED OFFICE:

The Courtyard

80 High Street

Old Amersham

Buckinghamshire

HP7 0DS

REGISTERED NUMBER:

03163966 (England and Wales)

ACCOUNTANTS:

N S Lucas & Co

The Courtyard

80 High Street

Old Amersham

Buckinghamshire

HP7 0DS

FIXED ASSETS

Tangible assets

4

12,962

12,962

CURRENT ASSETS

Debtors

5

3,414

8,823

Cash at bank

25,224

15,766

28,638

24,589

CREDITORS

Amounts falling due within one year

6

3,451

5,157

NET CURRENT ASSETS

25,187

19,432

TOTAL ASSETS LESS CURRENT LIABILITIES

38,149

32,394

CAPITAL AND RESERVES

Called up share capital

65

65

General reserve

7

18,081

18,081

Maintenance reserve

7

20,003

14,248

SHAREHOLDERS' FUNDS

38,149

32,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 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 14 April 2021 and were signed on its behalf by:

I Maccabe - Director

1.	STATUTORY INFORMATION

Roserrow 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

No depreciation is provided on freehold land.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 March 2020

and 28 February 2021

12,962

NET BOOK VALUE

At 28 February 2021

12,962

At 29 February 2020

12,962

Included in cost of land and buildings is freehold land of £ 12,962 (2020 - £ 12,962 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

-

5,221

Prepayments

3,414

3,602

3,414

8,823

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Accrued expenses

3,451

5,157

7.

RESERVES

Retained

General

Maintenance

earnings

reserve

reserve

Totals

£

£

£

£

At 1 March 2020

-

18,081

14,248

32,329

Profit for the year

-

-

Contribution for year

-

-

5,755

5,755

At 28 February 2021

-

18,081

20,003

38,084

Each homeowner initially contributed to a general reserve fund when they purchased their property for the purpose of establishing the Management Company. Following the transfer of the common land, these funds were received on 9 June 2006.

8.	RELATED PARTY DISCLOSURES

The Company is set up for the benefit of the shareholders in respect of the management of the common land. All the transactions undertaken are related party transactions by virtue of them being of direct benefit to the individual shareholders, some of whom are also directors.

The Company contracts with N S Lucas & Co in respect of the provision of accountancy and secretarial services. N S Lucas is a principal in N S Lucas & Co, as well as being a director and shareholder of the Company. During the year fees of £2,940 have been paid to N S Lucas & Co.