Newland Mill Management Services Limited - Limited company - abbreviated

REGISTERED NUMBER: 06510297 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28TH FEBRUARY 2015

FOR

NEWLAND MILL MANAGEMENT SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J P Heyns

Mr J Lowndes

SECRETARY:

Mr J Lowndes

REGISTERED OFFICE:

Castle Hill

South Street

TORRINGTON

Devon

EX38 8AA

REGISTERED NUMBER:

06510297 (England and Wales)

ACCOUNTANTS:

Berrys, Chartered Accountants

Castle Hill

South Street

TORRINGTON

Devon

EX38 8AA

CURRENT ASSETS

Debtors

-

443

Cash at bank

598

127

598

570

CREDITORS

Amounts falling due within one year

592

564

NET CURRENT ASSETS

6

TOTAL ASSETS LESS CURRENT LIABILITIES

6

CAPITAL AND RESERVES

Called up share capital

2

6

SHAREHOLDERS' FUNDS

6

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2015 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 21st October 2015 and were signed on its
behalf by:

Mr J P Heyns - Director

Mr J Lowndes - 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).

In the preparation of the company financial statements for the year ended 28th February 2015 the directors

have considered the disclosure requirements detailed in FRED50. The directors have decided to adopt the

principles fo FRED50 earlier than required as this is recommended. This means that a statutory trust is

imposed over service charge monies received under s42 of the LTA 87 and that the residential management

company acts as a trustee in this capacity.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

6

Ordinary

1

6

3.	RESIDENTS' FUNDS

The amount shown in the Balance Sheet as Cash at Bank and in Hand reflects the service charges collected

from residents that have already been assigned to company expenses at 28th February 2015.

The difference between that shown in the Balance Sheet and the amounts held in the company bank account

is £655.83 (2014: £1,294.34) and this represents residents' service charges collected and held in trust on their

behalf at 28th February 2015.

Newland Mill Management Services Limited - Limited company - abbreviated - 11.9

Newland Mill Management Services Limited - Limited company - abbreviated - 11.9