Petworth Management Company Limited - Abbreviated accounts 16.1
Petworth Management Company Limited - Abbreviated accounts 16.1
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2015 |
| FOR |
| PETWORTH MANAGEMENT COMPANY LIMITED |
| PETWORTH MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03397895) |
| 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 | 4 |
| PETWORTH MANAGEMENT COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST DECEMBER 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| PETWORTH MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03397895) |
| ABBREVIATED BALANCE SHEET |
| 31ST DECEMBER 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| RESERVES |
| Sinking Fund |
| 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. |
| PETWORTH MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03397895) |
| ABBREVIATED BALANCE SHEET - continued |
| 31ST DECEMBER 2015 |
| The financial statements were approved by the Board of Directors on by: |
| PETWORTH MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03397895) |
| 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 |
| The turnover shown in the income and expenditure account represents amounts invoiced during the year. |
| Tangible fixed assets |
| All fixed assets are recorded at cost. |
| Depreciation is not provided on freehold land. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Sinking fund |
| Transfers are made to a special reserve for future maintenance projects and capital expenditure as well as in |
| respect of income earned from investment of those funds, after provision for any Corporation tax payable |
| thereon. Transfers are made from the Sinking Fund as and when expenditure is incurred. |
| The funds also include reserves held where freehold land is acquired and the value retained in the Balance Sheet. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st January 2015 |
| and 31st December 2015 |
| NET BOOK VALUE |
| At 31st December 2015 |
| At 31st December 2014 |
| 3. | SINKING FUND |
| Communal |
Lodge Green Tennis Court |
Black Pond Acquisition |
Total |
| £ | £ | £ | £ |
| Balance at 31 December 2014 | 53,959 | 6,077 | 144,649 | 204,685 |
| Current year transfer | 19,650 | 1,300 | 0 | 20,950 |
| Net interest after tax | 34 | 4 | 0 | 38 |
| Year end transfer | 0 | 0 | 0 | 0 |
| Balance at 31 December 2015 | 73,643 | 7,381 | 144,649 | 225,673 |