Park Villas Management Company Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01672855 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Park Villas Management

Company Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

4

12,101

11,446

Cash at bank

131,542

112,122

143,643

123,568

CREDITORS

Amounts falling due within one year

5

4,039

2,968

NET CURRENT ASSETS

139,604

120,600

TOTAL ASSETS LESS CURRENT LIABILITIES

139,604

120,600

CAPITAL AND RESERVES

Called up share capital

80

80

Robinwood

6

74,915

65,106

Fernwood Court

6

15,296

15,316

Estate

6

10,594

10,410

Fernwood Houses

6

38,719

29,688

SHAREHOLDERS' FUNDS

139,604

120,600

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 22 July 2021 and were signed on its behalf by:

A S Wilcox - Director

1.	STATUTORY INFORMATION

Park Villas Management Company Limited is a private company, limited by shares, registered in England. It's registered office address is Sanderson House, 22 Station Road, Horsforth, Leeds, LS18 5NT and it's registered number is 01672855.

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.

Turnover

Turnover represents contributions from members under the terms of their respective leases.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Service charge owing

123

360

Prepaid insurance

11,978

11,086

12,101

11,446

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Service charge in advance

952

737

Accrued expenses

3,087

2,231

4,039

2,968

6.

RESERVES

Retained

Fernwood

earnings

Robinwood

Court

£

£

£

At 1 January 2020

-

65,106

15,316

Profit for the year

19,004

Transfer

(19,004

)

9,809

(20

)

At 31 December 2020

-

74,915

15,296

Fernwood

Estate

Houses

Totals

£

£

£

At 1 January 2020

10,410

29,688

120,520

Profit for the year

19,004

Transfer

184

9,031

-

At 31 December 2020

10,594

38,719

139,524