ACCOUNTS - Final Accounts

PINEWOOD PARK (426 TO 437) MANAGEMENT LIMITED - Company Information

Company registration number: 01346636

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2020

	PINEWOOD PARK (426 TO 437) MANAGEMENT LIMITED (A company limited by guarantee)


PINEWOOD PARK (426 TO 437) MANAGEMENT LIMITED (A company limited by guarantee)

COMPANY INFORMATION

Director	N B Irving


Company secretary	T B Irving


Registered number	01346636


Registered office	Victoria House
	50-58 Victoria Road
	Farnborough
	Hampshire
	GU14 7PG


Accountants	Menzies LLP
	Chartered Accountants
	Victoria House
	50-58 Victoria Road
	Farnborough
	Hampshire
	GU14 7PG


PINEWOOD PARK (426 TO 437) MANAGEMENT LIMITED (A company limited by guarantee)

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 4


PINEWOOD PARK (426 TO 437) MANAGEMENT LIMITED (A company limited by guarantee) REGISTERED NUMBER:01346636

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2020

		2020		2019
Note		£		£

Fixed assets
Tangible assets	4		260		275
			260		275
Current assets
Debtors: amounts falling due within one year	5	1,589		1,397
Cash at bank and in hand		5,037		4,319
		6,626		5,716
Creditors: amounts falling due within one year	6	(900)		(900)
Net current assets			5,726		4,816
Total assets less current liabilities			5,986		5,091

Net assets			5,986		5,091

Capital and reserves
Profit and loss account	5,986	5,091
	5,986	5,091

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

N B Irving

Director

Date: 21 September 2021

Page 1


PINEWOOD PARK (426 TO 437) MANAGEMENT LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1.	General information

Pinewood Park (426 to 437) Management Limited is a private company limited by guarantee incorporated in England and Wales. The address of the registered office is disclosed on the company information page. The company does not have a principal place of business.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The emergence and spread of COVID-19 in 2020 and the associated social distancing measures and imposed travel restrictions have significantly impacted businesses globally.
The director is of the opinion that the going concern basis of preparation remains appropriate.

2.3

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Equipment

10% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

Employees

The average monthly number of employees, including directors, during the year was 1 (2019 - 1).

Page 2


PINEWOOD PARK (426 TO 437) MANAGEMENT LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

4.	Tangible fixed assets

		Equipment
		£
	Cost or valuation
	At 1 January 2020	662
	At 31 December 2020	662
	Depreciation
	At 1 January 2020	387
	Charge for the year on owned assets	15
	At 31 December 2020	402
	Net book value
	At 31 December 2020	260
	At 31 December 2019	275

Debtors

					2020	2019
					£	£


Trade debtors	80	40
Prepayments and accrued income	1,509	1,357
	1,589	1,397

6.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Accruals and deferred income	900	900
	900	900

Page 3


PINEWOOD PARK (426 TO 437) MANAGEMENT LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020


7.	Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 4