Abbreviated Company Accounts - CSE RESIDENTS PROPERTY MANAGEMENT LIMITED
Abbreviated Company Accounts - CSE RESIDENTS PROPERTY MANAGEMENT LIMITED
Registered Number 06249269
CSE RESIDENTS PROPERTY MANAGEMENT LIMITED
Abbreviated Accounts
31 December 2015
CSE RESIDENTS PROPERTY MANAGEMENT LIMITED Registered Number 06249269
Abbreviated Balance Sheet as at 31 December 2015
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| Members' funds |
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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
And signed on their behalf by:
CSE RESIDENTS PROPERTY MANAGEMENT LIMITED Registered Number 06249269
Notes to the Abbreviated Accounts for the period ended 31 December 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
Financial instruments are classified and accounted for, according to the substance of the
contractual arrangement, as either financial assets, financial liabilities or equity instruments. An
equity instrument is any contract that evidences a residual interest in the assets of the company
after deducting all of its liabilities.
Contractual commitments
The company contracts with third parties in its own name for the supply of services to the
property for maintenance of the common parts in accordance with the terms of the leases. At
31 December 2015 the company had not entered into any non-cancellable contractual
commitments.
Service charge accounts
The company has no income or expenditure in its own right, all transactions in the year being
related to the maintenance of common parts in accordance with the lease. Service charges
collected are held on trust for the purpose 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.
Information relating to service charges is now dealt with as a separate statement of account.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to
continue as a going concern have been identified by the directors.
BANK ACCOUNTS
At the balance sheet date the company bank account held by London Residential Management
Limited, as managing agent on behalf of the company for the property at Enterprise Place,
Woking, contained £164,939 which is held on trust for the leaseholders under section 42 of the
Landlord and Tenant Act 1987. This amount is shown in the separate service charge accounts.
RELATED PARTY TRANSACTIONS
No transactions with related parties were undertaken such as are required to be disclosed under
FRSSE 15.
The lessees are the owners of the company and contribute to the service charge for the property
in accordance with the proportions prescribed within their leases on an arms' length basis.
There is no ultimate controlling party.
2Company limited by guarantee