Porthmeor Beach Flats Management Ltd - Abbreviated accounts
Porthmeor Beach Flats Management Ltd - Abbreviated accounts
Registered number |
Registered number: | |||||||
Abbreviated Balance Sheet | |||||||
as at |
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Notes | 2014 | 2013 | |||||
£ | £ | ||||||
Current assets | |||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | ( |
( |
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Net current assets | |||||||
Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | 2 | ||||||
Shareholders' funds | |||||||
T Catling | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Abbreviated Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
published by the Financial Reporting Council and Institute of Chartered Accountants in England and Wales. All transactions that are related to property management in accordance with the lease, are trust transactions, shown in separate trust accounts which do not form part of the accounts of the company. Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property. The Financial Reporting Council has taken legal advice which states that although the company is entitled to be reimbursed by the residents' trust for the property costs it incurs it enters into such transactions as principal, not as agent, so the costs and reimbursement should be shown in the company profit and loss account. Adoption of this prsentation represents a change in accounting policy which is therefore adopted in current year figures on the profit and loss account, and the comparatives have been restated. There is no effect on the balance sheet, or reserves. |
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2 | Share capital | Nominal | 2014 | 2014 | 2013 | |||
value | Number | £ | £ | |||||
Allotted, called up and fully paid: | ||||||||
£ |
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