BANKSIDE_ESTATE_MANAGEMEN - Accounts

The directors present their annual report and financial statements for the period ended 31 December 2020.

The company is dormant and has not traded during the year.

The principle activity of the company during the year was the management of real estate. The company operates as a not for profit organisation. The company has no income or expenditure in its own right; all transactions in the year related to the maintenance of common parts in accordance with the lease. Service charges collected are held in trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of sections 42 of the Landlord and Tenant Act 1987.

The directors who held office during the period and up to the date of signature of the financial statements were as follows:

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial period ended 31 December 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

Bankside Estate Management Company Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 8 Kings Court, Newcomen Way, Severalls Industrial Park, Colchester, Essex, CO4 9RA.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company acts as a trustee of a statutory trust in respect of service charges monies collected for the maintenance of Bankside, Barnham Broom, Norfolk. The company has changed its policy to exclude these funds from the company's accounts as separate service charge accounts are prepared and certified.

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.