| Fifteen Morton Crescent Exmouth Management Ltd |
| Registered number: |
04403634 |
| Balance Sheet |
| as at 31 March 2021 |
|
| Notes |
|
|
2021 |
|
|
2020 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
1,407 |
|
|
1,379 |
| Cash at bank and in hand |
|
|
4,891 |
|
|
4,151 |
|
|
|
6,298 |
|
|
5,530 |
|
| Creditors: amounts falling due within one year |
4 |
|
(6,298) |
|
|
(5,530) |
|
| Net current assets |
|
|
|
- |
|
|
- |
|
| Net assets |
|
|
|
- |
|
|
- |
|
|
|
|
|
|
|
|
| Capital and reserves |
|
| Shareholders' funds |
|
|
|
- |
|
|
- |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr S Purvis |
| Director |
| Approved by the board on 11 August 2021 |
|
| Fifteen Morton Crescent Exmouth Management Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £. |
|
|
Impact of Covid-19 |
|
The Directors consider that despite the Covid 19 pandemic declared on 11 March 2020 by the World Health Organisation, the Company has adequate resources to continue in operational existence. In reaching this conclusion, the Directors have considered the following: the effect of Covid 19 on the company to date, projected cash flow requirements and results and in general the risks that could impact on the Company's liquidity and solvency over the twelve months following the approval of the Financial Statements. The Directors have concluded that the Company has adequate resources to continue as a going concern for the foreseeable future. The accounts have therefore been prepared on a going concern basis using the historical cost convention. |
|
|
Turnover |
|
Turnover represents the contributions made towards the running costs of the property made by the owners of the flats. |
|
|
Debtors and creditors receivable/payable within one year |
|
Debtors and creditors with no stated interest and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses. |
|
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
Other debtors |
1,407 |
|
1,379 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Other creditors |
6,298 |
|
5,530 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party transactions |
|
|
As the company is a residents' management company it only receives income from the shareholders of the company. Any excess receipts for the year are credited to each shareholder's account included in creditors. |
|
|
| 6 |
Other information |
|
|
Fifteen Morton Crescent Exmouth Management Ltd is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
5 Providence Court |
|
Pynes Hill |
|
Exeter |
|
Devon |
|
EX2 5JL |
