25_GOLDHURST_TERRACE_MANA - Accounts

25 GOLDHURST TERRACE MANAGEMENT COMPANY LIMITED - Company Information

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Company Registration No. 03876870 (England and Wales)

25 GOLDHURST TERRACE MANAGEMENT COMPANY LIMITED

(A Company limited by guarantee and not having a share capital)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

25 GOLDHURST TERRACE MANAGEMENT COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

25 GOLDHURST TERRACE MANAGEMENT COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

20,000

Current assets

Debtors

Cash at bank and in hand

899

964

899

979

Creditors: amounts falling due within one year

(3,496)

(3,373)

Net current liabilities

(2,597)

(2,394)

Total assets less current liabilities

17,403

17,606

Creditors: amounts falling due after more than one year

(20,000)

(2,597)

(2,394)

Reserves

Profit and loss account

(2,597)

(2,394)

Members' funds

(2,597)

(2,394)

For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 August 2016

Mr R A Segal

Director

Company Registration No. 03876870

25 GOLDHURST TERRACE MANAGEMENT COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for ground rents and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is not charged on freehold land and buildings as the directors consider that the residual values are so high that depreciation is insignificant.

Fixed assets

Tangible assets

Cost

At 1 December 2014 & at 30 November 2015

20,000

At 30 November 2014

20,000

Members' liability

As a company limited by guarantee the company does not have share capital. In the event of the winding up or dissolution of the company, the memers are liable to contribute an amount not exceeding £10 towards the debts and liabilities of the company.