CORNEY_REACH_ESTATE_MANAG - Accounts

THE CORNEY REACH ESTATE MANAGEMENT COMPANY LIMITED - Company Information

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Company Registration No. 3044227 (England and Wales)

CORNEY REACH ESTATE MANAGEMENT CO LTD

(LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL)

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2015

CORNEY REACH ESTATE MANAGEMENT CO LTD

(LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL)

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

CORNEY REACH ESTATE MANAGEMENT CO LTD

(LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL)

ABBREVIATED BALANCE SHEET

AS AT

29 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

10,599

Current assets

Debtors

1,286

695

Cash at bank and in hand

94,928

96,076

96,214

96,771

Creditors: amounts falling due within one year

(8,596)

(17,828)

Net current assets

87,618

78,943

Total assets less current liabilities

98,217

89,542

Capital and reserves

Profit and loss account

98,217

89,542

Shareholders' funds

98,217

89,542

For the financial year ended 29 June 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 29 March 2016

D Claridge

Director

Company Registration No. 3044227

CORNEY REACH ESTATE MANAGEMENT CO LTD

(LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL)

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 JUNE 2015

- 2 -

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).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Service charges represents the annual contributions receivable from tenants towards the upkeep of the communal areas.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Nil

Fixed assets

Tangible assets

Cost

At 1 July 2014 & at 29 June 2015

10,599

At 30 June 2014

10,599