Abbreviated Company Accounts - MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED

Abbreviated Company Accounts - MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED

MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED - Company Information

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Registered Number 01966458

MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED

Abbreviated Accounts

28 September 2015

MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED Registered Number 01966458

Abbreviated Balance Sheet as at 28 September 2015

Notes 2015 2014
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 186 119
Investments - -
186 119
Current assets
Debtors 3 249 317
Cash at bank and in hand 5,970 8,618
6,219 8,935
Prepayments and accrued income 2,118 2,110
Creditors: amounts falling due within one year (611) (102)
Net current assets (liabilities) 7,726 10,943
Total assets less current liabilities 7,912 11,062
Total net assets (liabilities) 7,912 11,062
Capital and reserves
Called up share capital 150 150
Revaluation reserve 10,912 12,075
Profit and loss account (3,150) (1,163)
Shareholders' funds 7,912 11,062
  • For the year ending 28 September 2015 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 8 March 2016

And signed on their behalf by:
Andre Leon Erasmus, Director

MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED Registered Number 01966458

Notes to the Abbreviated Accounts for the period ended 28 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover shown in the profit and loss represents service charges received during the period.

Tangible assets depreciation policy
Depreciation is provided after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, plant and machinery - 15% on costs, furniture, fixtures and fittings - 10% on cost.

2Tangible fixed assets
£
Cost
At 29 September 2014 179
Additions 90
Disposals -
Revaluations -
Transfers -
At 28 September 2015 269
Depreciation
At 29 September 2014 60
Charge for the year 23
On disposals -
At 28 September 2015 83
Net book values
At 28 September 2015 186
At 28 September 2014 119
3Debtors

Debtors are unpaid service charges due.