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

REGISTERED NUMBER: 02281018 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

OMEGA COURT MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L W Davies

J A B Short

J R T Gaunt

S Renshaw-Smith

C McBoyle

K Doherty

T Siddique

G K Day

D S Hinchliffe

M J Davison

SECRETARY:

L W Davies

REGISTERED OFFICE:

Fowler Sandford

8 St James Street

SHEFFIELD

S1 1XN

REGISTERED NUMBER:

02281018 (England and Wales)

AUDITORS:

Hollis and Co Limited

Chartered Accountants

Statutory Auditor

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

CURRENT ASSETS

Debtors

4

15,086

12,773

Cash at bank

40,099

32,935

55,185

45,708

CREDITORS

Amounts falling due within one year

5

11,442

2,633

NET CURRENT ASSETS

43,743

43,075

TOTAL ASSETS LESS CURRENT LIABILITIES

43,743

43,075

CAPITAL AND RESERVES

Called up share capital

14

14

Retained earnings

43,729

43,061

SHAREHOLDERS' FUNDS

43,743

43,075

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 28 September 2021 and were signed on its behalf by:

L W Davies - Director

1.	STATUTORY INFORMATION

Omega Court 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.

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.

Turnover

Turnover represents service charges receivable in respect of the year, excluding value added tax.

Service charges are invoiced in advance twice per annum. These are estimated and based on anticipated expenditure. Where actual expenditure is less than service charges invoiced this surplus is reflected as a profit in the accounts. These profits are only available to reduce future service charges.

Taxation

The company's business consists exclusively of trading between itself and members. Under these circumstances the company's trading profits are exempt from corporation tax. Interest received remains taxable as this does not arise from the mutual trading activities.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

9,000

3,000

Other debtors

6,086

9,773

15,086

12,773

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other creditors

11,442

2,633

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Hollis (Senior Statutory Auditor)

for and on behalf of Hollis and Co Limited

7.	TRANSACTIONS WITH DIRECTORS AND RELATED PARTIES

The nature of the company is that it trades exclusively with its members and the tenants of Omega Court who are all obliged to become members of the company.

As a consequence, the whole of the reported turnover is derived from tenants of Omega Court, all of which are members of the company. Also the trade debtors as shown in note 4 are due from members of the company.