62 The Drive Management Company Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04965165 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

62 THE DRIVE MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D Deane

B Fincham

SECRETARY:

D Deane

REGISTERED OFFICE:

30 New Road

Brighton

East Sussex

BN1 1BN

REGISTERED NUMBER:

04965165 (England and Wales)

ACCOUNTANTS:

Hilton Sharp & Clarke

Chartered Accountants

30 New Road

Brighton

East Sussex

BN1 1BN

FIXED ASSETS

Tangible assets

2

8,440

8,440

CURRENT ASSETS

Debtors

3

2,155

2,139

CREDITORS

Amounts falling due within one year

3,300

3,300

NET CURRENT LIABILITIES

(1,145

)

(1,161

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,295

7,279

CAPITAL AND RESERVES

Called up share capital

4

5

4

Share premium

5,756

5,756

Profit and loss account

1,534

1,519

SHAREHOLDERS' FUNDS

7,295

7,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 September 2014 and were signed on its behalf by:

B Fincham - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents ground rents receivable and other income.

Tangible fixed assets

Tangible fixed assets are stated at cost plus legal expenses incurred on purchase. No depreciation has been provided on the

freehold property.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

8,440

NET BOOK VALUE

At 31 December 2013

8,440

At 31 December 2012

8,440

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 1

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

5

Ordinary

£1

5

4

During the year one Ordinary £1 share was issued at par.