Hernes Oak (Chinnor) Management Company - Limited company accounts 20.1

REGISTERED NUMBER: 06709554 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Hernes Oak (Chinnor) Management Company

Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

S R Bright

B C Hubbard

REGISTERED OFFICE:

7 Hernes Oak

Chinnor

Oxfordshire

OX39 4AU

REGISTERED NUMBER:

06709554 (England and Wales)

ACCOUNTANTS:

R F Summers & Co

42A Upper High Street

Thame

Oxfordshire

OX9 2DW

The directors present their report with the financial statements of the company for the year ended 31 December 2020.

DIRECTORS

B C Hubbard has held office during the whole of the period from 1 January 2020 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

G Dunnet - Director

10 September 2021

TURNOVER

10,210

2,250

Administrative expenses

9,777

3,060

OPERATING PROFIT/(LOSS)

433

(810

)

Interest receivable and similar income

2

10

PROFIT/(LOSS) BEFORE TAXATION

435

(800

)

Tax on profit/(loss)

-

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

435

(800

)

CURRENT ASSETS

Debtors

4

270

763

Cash at bank

1,181

38

1,451

801

CREDITORS

Amounts falling due within one year

5

650

-

NET CURRENT ASSETS

801

TOTAL ASSETS LESS CURRENT
LIABILITIES

801

CAPITAL AND RESERVES

Called up share capital

6

801

SHAREHOLDERS' FUNDS

801

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2021 and were signed on its behalf by:

G Dunnet - Director

1.	STATUTORY INFORMATION

Hernes Oak (Chinnor) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.

DEBTORS

Amounts falling due within one year:

'20 '19

Prepayments 0 60

Amounts falling due after more than one year:

Amounts owed by associates

'20 '19

Balance brought forward 703 (97)

Profit for the year (433) 800

Balance carried forward 203 703

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

'20

'19

£

Other creditors

650

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

'20

'19

value:

£

13

8 Ordinary shares £100 each

5 Non-equity shares 20p each

801

7.	CONTINGENT LIABILITIES

The company has contingent liabilities in that it must keep in neat and tidy condition, tend and renew the gardens and other soft landscape parts of the maintained area and any lawns, flowerbeds, shrubs and trees forming part thereof and maintaining, repairing and reinstating any boundary wall, fence or railings including benches, seats, garden ornaments, sheds, structures or the like, keeping access ways, footpaths and other hard landscaped parts of the maintained area in good repair, operating, repairing, maintaining, inspecting and as necessary, reinstating or renewing the service installations within the maintained area (excluding any serving exclusively individual properties). It must also effect material and Public Liability insurance and any other relevant cover, as appropriate and maintain, operate, energise, repair, inspect and as necessary, reinstate or renew the electric gates and any ancillary apparatus within the maintained area.