| The Quayside (Shoreham) Management Company Ltd |
| Registered number: |
05306520 |
| Directors' Report |
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| The directors present their report and accounts for the year ended 31 August 2015. |
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| Principal activities |
| The company's principal activity during the year continued to be that of the management and administration, on a non -profit making basis, of the communal areas of the development on behalf of the property |
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| Directors |
| The following persons served as directors during the year: |
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Mrs A S Mishon (Resigned 29/03/15) |
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B J Mishon (Resigned 29/03/15) |
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S F J Tucker (Appointed 07/05/15) |
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E R Cotter (Appointed 07/05/15) |
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Mrs E Ripley (Appointed 04/03/15) |
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| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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| This report was approved by the board on 29 December 2015 and signed on its behalf. |
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| E R Cotter |
| Director |
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| The Quayside (Shoreham) Management Company Ltd |
| Accountants' Report |
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| Accountants' report to the directors of |
| The Quayside (Shoreham) Management Company Ltd |
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| You consider that the company is exempt from an audit for the year ended 31 August 2015. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
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| Albion Accounting and Taxation Services Ltd |
| Chartered Certified Accountants |
|
| 35 Roman Avenue |
| Angmering |
| Littlehampton |
| West Sussex |
| BN16 4GH |
|
| 29 December 2015 |
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| The Quayside (Shoreham) Management Company Ltd |
| Balance Sheet |
| as at 31 August 2015 |
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| Notes |
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|
2015 |
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|
2014 |
| £ |
£ |
| Current assets |
| Debtors |
2 |
|
11,179 |
|
|
11,458 |
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| Creditors: amounts falling due within one year |
3 |
|
(3,458) |
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|
(2,976) |
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| Net current assets |
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|
|
7,721 |
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8,482 |
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| Net assets |
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|
7,721 |
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8,482 |
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| Capital and reserves |
| Profit and loss account |
4 |
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|
7,721 |
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8,482 |
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| Shareholder's funds |
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|
7,721 |
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8,482 |
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| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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| E R Cotter |
| Director |
| Approved by the board on 29 December 2015 |
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| The Quayside (Shoreham) Management Company Ltd |
| Notes to the Accounts |
| for the year ended 31 August 2015 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
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Turnover represents maintenance charges receivable and contributions to the reserve fund. |
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| 2 |
Debtors |
2015 |
|
2014 |
| £ |
£ |
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Monies held by Managing Agents |
6,661 |
|
5,410 |
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Monies due from tenants |
|
3,688 |
|
4,262 |
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Other debtors |
830 |
|
1,786 |
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11,179 |
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11,458 |
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| 3 |
Creditors: amounts falling due within one year |
2015 |
|
2014 |
| £ |
£ |
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Monies held on behalf of tenants |
1,546 |
|
690 |
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Other creditors |
1,912 |
|
2,286 |
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3,458 |
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2,976 |
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| 4 |
Profit and loss account |
2015 |
| £ |
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At 1 September 2014 |
8,482 |
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Deficit for the year |
(761) |
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At 31 August 2015 |
7,721 |
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An amount of £5,000 was collected during the year towards reserves and is included in the |
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sum of £25,520 collected. The sum was utilised during the year against repairs carried out. |
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| 5 |
Share capital |
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The company does not have a share capital and is limited by guarantee. |
