Skircoat Management (2005) Limited - Period Ending 2015-12-31

Registration number: 05506437

Skircoat Management (2005) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Skircoat Management (2005) Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Skircoat Management (2005) Limited
(Registration number: 05506437)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Current assets
Cash at bank and in hand					24			24
Capital and reserves
Called up share capital		2			24			24
Shareholders' funds					24			24

For the year ending 31 December 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 21 March 2016 and signed on its behalf by:

.........................................
Mrs Diane Gatehouse
Director

.........................................
Mr Derek R Taylor
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Skircoat Management (2005) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). The principal activity of the company is the administration of variable service charges as agents for the residents of Knightsbridge Court. The company has no income or expenditure in its own right, all transactions in the year being related to the security and maintenance of the common parts in accordance with the leases. Service charges collected are held on trust for the purposes 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. In accordance with this legislation the company has not accounted for these transactions in its own books as if they were company assets. However an additional statement is included to provide information to the leaseholders about service charges and relevant costs, along with bank balances and sinking fund. This statement is referred to as the Service Charge Accounts and is appended to the shareholders' financial statements.

2	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		24			24			24			24

3

Control

The company is controlled by the 24 leaseholders who are required to hold one ordinary share per lease for the duration of their tenure of the lease..

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