Orchardside Management Company Limited - Period Ending 2020-12-31

Orchardside Management Company Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 5

Orchardside Management Company Limited

Company Information

Director

Mrs M D R Price

Company secretary

Mr S I Jarrett

Registered office

Hillsdon House High Street Sidmouth Devon EX10 8LD

Accountants

Easterbrook Eaton Limited Chartered Accountants Cosmopolitan House Old Fore Street Sidmouth Devon EX10 8LS

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Orchardside Management Company Limited
for the Year Ended 31 December 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Orchardside Management Company Limited for the year ended 31 December 2020 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Orchardside Management Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Orchardside Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Orchardside Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orchardside Management Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Orchardside Management Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Orchardside Management Company Limited. You consider that Orchardside Management Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Orchardside Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

4 September 2021

Orchardside Management Company Limited

(Registration number: 01228209)
Balance Sheet as at 31 December 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	4	1,100	1,100
Capital and reserves
Other reserves		1,100	1,100
Total equity		1,100	1,100

For the financial year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 29 September 2021
 

.........................................

Mrs M D R Price
Director

Orchardside Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020

1	General information

The company is a company limited by guarantee, incorporated in United Kingdom, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Hillsdon House
High Street
Sidmouth
Devon
EX10 8LD

These financial statements were authorised for issue by the director on 29 September 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Bank, Cash and Other Assets

A statutory trust is placed over service charge monies received under section 42 of the Landlord and Tenant Act 1987 and the Residential Management Company acts as a trustee in this capacity.
The closing balance of cash and other assets held on trust by the Residential Management Company are £22,282:
£10,817 Harrison-Lavers & Potburys Ltd Re Orchardside Management Company Ltd Client Account Nat West Deposit Manager Account 56102763 (interest bearing)
£11,465 Harrison Lavers & Potburys Ltd Re Orchardside Management Company Ltd Clients Account Barclays Premium Account 53230376 (interest bearing)
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2019 - 2).

Orchardside Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020

4	Tangible assets

	Freehold Land and buildings £	Total £
Cost or valuation
At 1 January 2020	1,100	1,100
At 31 December 2020	1,100	1,100
Depreciation
Carrying amount
At 31 December 2020	1,100	1,100
At 31 December 2019	1,100	1,100

Included within the net book value of land and buildings above is £1,100 (2019 - £1,100) in respect of freehold land and buildings.