Abbreviated Company Accounts - LOCHTURFFIN MANAGEMENT COMPANY LIMITED

LOCHTURFFIN MANAGEMENT COMPANY LIMITED - Company Information

Registered Number 05701274

LOCHTURFFIN MANAGEMENT COMPANY LIMITED

Abbreviated Accounts

31 December 2013

LOCHTURFFIN MANAGEMENT COMPANY LIMITED Registered Number 05701274

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	37,800	37,800
		37,800	37,800
Current assets
Cash at bank and in hand		808	2,258
		808	2,258
Creditors: amounts falling due within one year		(801)	(2,251)
Net current assets (liabilities)		7	7
Total assets less current liabilities		37,807	37,807
Total net assets (liabilities)		37,807	37,807
Capital and reserves
Called up share capital		7	7
Other reserves		37,800	37,800
Profit and loss account		0	0
Shareholders' funds		37,807	37,807

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 January 2014

And signed on their behalf by:
Clive Thomas, Director
all others via AGM, Director

LOCHTURFFIN MANAGEMENT COMPANY LIMITED Registered Number 05701274

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
LMC is a management vehicle for the freehold owners of a group of properties at Lochturffin Farm in Pembrokeshire to jointly contribute to, and to disburse costs related to the general upkeep of common areas. Estimated costs are agreed at the start of each calendar year and are split amongst 7 freeholders on a ratio based on number of bedrooms in their property. All 7 freeholders are directors. No fees are paid to directors. The only asset held is a trout lake and field purchased by LMC to assure freeholders of continued free access, and to enable clear demonstration of these rights should any of the freeholders wish to sell their property in the future. LMC has no employees.

2Tangible fixed assets

	£
Cost
At 1 January 2013	37,800
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 December 2013	37,800
Depreciation
At 1 January 2013	0
Charge for the year	-
On disposals	-
At 31 December 2013	0
Net book values
At 31 December 2013	37,800
At 31 December 2012	37,800

Original price paid for field and trout lake purchased from original developer and now owned by LMC on behalf of the other property owners to ensure free and fair access. No revaluation sought.