The Square (West Bridgford) Management C - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04613183 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

THE SQUARE (WEST BRIDGFORD) MANAGEMENT

COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs M H Coope

R S Dow

Ms F M Longhurst

REGISTERED OFFICE:

1168/1170 Melton Road

Syston

Leicester

Leicestershire

LE7 2HB

REGISTERED NUMBER:

04613183 (England and Wales)

ACCOUNTANTS:

Conley Ward

1168/1170 Melton Road

Syston

Leicester

Leicestershire

LE7 2HB

FIXED ASSETS

Tangible assets

2

162,379

162,379

CURRENT ASSETS

Debtors

3,896

6,769

Cash at bank

2,773

2,833

6,669

9,602

CREDITORS

Amounts falling due within one year

3

7,808

11,131

NET CURRENT LIABILITIES

(1,139

)

(1,529

)

TOTAL ASSETS LESS CURRENT LIABILITIES

161,240

160,850

CREDITORS

Amounts falling due after more than one year

3

151,216

156,731

NET ASSETS

10,024

4,119

RESERVES

Profit and loss account

10,024

4,119

MEMBERS' FUNDS

10,024

4,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 September 2015 and were signed on its behalf by:

Ms F M Longhurst - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of

VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Depreciation freehold property

No provision has been made for depreciation in respect of the freehold property as the company has a policy and

practice of regular repair and maintenance . As a consequence, in the opinion of directors, any depreciation

charge and accumulated depreciation would be immaterial due to the long useful economic life and high residual

value of the property. Carrying values are therefore reviewed for impairment annually .

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

162,379

NET BOOK VALUE

At 31 December 2014

162,379

At 31 December 2013

162,379

3.

CREDITORS

Creditors include an amount of £ 96,243 (31.12.13 - £ 101,826 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.12.14

31.12.13

£

£

Repayable by instalments

64,360

71,129

4.	COMPANY LIMITED BY GUARANTEE

The liability of each member is limited to £1.