Company Registration No. 02684670 (England and Wales)
COURT (OSSETT) MANAGEMENT COMPANY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
COURT (OSSETT) MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
COURT (OSSETT) MANAGEMENT COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2015
28 February 2015
- 1 -
2015
2014
as restated
Notes
£
£
£
£
Current assets
Cash at bank and in hand
8
8
Total assets less current liabilities
8
8
Capital and reserves
Called up share capital
2
8
8
Shareholders' funds
8
8
For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 November 2015
Hazel Bradbury
Director
Company Registration No. 02684670
COURT (OSSETT) MANAGEMENT COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of Section 42 of the Landlord and Tenant Act 1987 and the company acts as a trustee in this capacity. Information relating to service charges is dealt with as a separate statement of account. The trust bank balance is not included in these accounts. The trust bank balance at 28 February 2015 was £776 (2014 - £1,432). The company acts as principal when transacting with third party suppliers in the management and arrangement of maintenance of the property. The company recognises the service charges expense arising from the maintenance of the property in its profit and loss account.
Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of Section 42 of the Landlord and Tenant Act 1987 and the company acts as a trustee in this capacity. Information relating to service charges is dealt with as a separate statement of account.
The trust bank balance is not included in these accounts. The trust bank balance at 28 February 2015 was £776 (2014 - £1,432).
The company acts as principal when transacting with third party suppliers in the management and arrangement of maintenance of the property.
The company recognises the service charges expense arising from the maintenance of the property in its profit and loss account.
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
The prior year adjustment relates to changes in past years as required by Accounting for Service Charges Technical Release 03/11 issued by the Institute of Chartered Accountants in England & Wales in October 2011 and FRED 50 Residential Management Companies' Financial Statements issued by the Financial Reporting Council in August 2013.
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
8 Ordinary shares of £1 each
8
8
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