Ashfield Lodge Management Company - Abbreviated accounts 16.1
Ashfield Lodge Management Company - Abbreviated accounts 16.1
| Abbreviated Unaudited Accounts |
| for the Year Ended 31st December 2015 |
| for |
| Ashfield Lodge Management Company |
| Limited |
| Ashfield Lodge Management Company |
| Limited (Registered number: 01198819) |
| Contents of the Abbreviated Accounts |
| for the year ended 31st December 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 4 |
| Ashfield Lodge Management Company |
| Limited |
| Company Information |
| for the year ended 31st December 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Ashfield Lodge Management Company |
| Limited (Registered number: 01198819) |
| Abbreviated Balance Sheet |
| 31st December 2015 |
| 2015 | 2014 |
| £ | £ |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Income and expenditure account |
| 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 surplus or deficit 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 financial statements were approved by the Board of Directors on |
| Ashfield Lodge Management Company |
| Limited (Registered number: 01198819) |
| Notes to the Abbreviated Accounts |
| for the year ended 31st December 2015 |
| 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 January 2015). |
| Turnover |
| Turnover represents service charges receivable by the company from the flat owners. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Taxation |
| The company is a non trading company and is exempt from corporation tax. |
| Company status |
| Ashfield Lodge Management Company Limited is a company limited by guarantee. The members of the |
| company are the flat owners.In the event of the company being wound up the liability in respect of the guarantee |
| is limited to £1 per member of the company. |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Ashfield Lodge Management Company |
| Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Ashfield Lodge Management Company Limited for the year ended 31st December 2015 which |
| comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the company's accounting |
| records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Ashfield Lodge Management Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ashfield Lodge Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Ashfield Lodge Management Company Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Ashfield Lodge Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ashfield Lodge Management Company Limited. You consider that Ashfield Lodge Management Company Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Ashfield Lodge Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 21st June 2016 |