Bury Meadows Residents Association (Rickmansworth) Limited - Abbreviated accounts

BURY MEADOWS RESIDENTS ASSOCIATION (RICKMANSWORTH) LIMITED - Company Information

Registered number

00766204

Bury Meadows Residents Association (Rickmansworth) Limited

(A Company Limited by Guarantee)

Abbreviated Accounts

31 January 2016

Bury Meadows Residents Association (Rickmansworth) Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Bury Meadows Residents Association (Rickmansworth) Limited for the year ended 31 January 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Bury Meadows Residents Association (Rickmansworth) Limited for the year ended 31 January 2016 which comprise of 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

K A Johnson
Chartered Accountants
The Annexe, Gable House
40 High Street
Rickmansworth
Hertfordshire
WD3 1ER

28 June 2016

Bury Meadows Residents Association (Rickmansworth) Limited
Registered number:	00766204
Abbreviated Balance Sheet
as at 31 January 2016

Notes		2016			2015
£			£
Current assets
Debtors	7,258			5,938
Cash at bank and in hand	125,789			117,430
	133,047			123,368

Creditors: amounts falling due within one year	(1,095)			(1,095)

Net current assets		131,952			122,273

Net assets		131,952			122,273

Capital and reserves
Designated reserves		106,908			103,182
Profit and loss account		25,044			19,091

Shareholders' funds		131,952			122,273

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



A G Hutchison
Director
Approved by the board on 28 June 2016

Bury Meadows Residents Association (Rickmansworth) Limited
Notes to the Abbreviated Accounts
for the year ended 31 January 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 payments from leaseholders towards services and reserve funds.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Equipment	25% reducing balance basis

	Designated reserves


	Cyclical Maintance
	The provision reflects the Association's liability to maintain its properties in accordance with a planned programme of works in accordance with the terms of the lease as follows: a) Stairways and lobbies (internal communal areas) Every five years to paint the internal communal areas of the buildings. b) Maisonettes (external communal areas) Every three years to paint the external communal areas of the buildings.

	Major Repairs
	The Association is providing for future major repairs expenditure on the basis that the next likely major expenditure on the fabric of the building will occur in ten years. A capital reserve account has been opened with its bankers for this purpose in order that the funds may be kept separate.



2	Share capital

	The company is limited by guarantee and has no share capital. Under Section 5 of the company's Memorandum of Association, the members undertake to contribute a maximum of £1 each in the event of the company being wound up while they are members or within one year of their ceasing to be members.



3	Tangible fixed assets		£

	Cost
	At 1 February 2015		960
	At 31 January 2016		960

	Depreciation
	At 1 February 2015		960
	At 31 January 2016		960

	Net book value
	At 31 January 2016		-