The Point Lincolnfields Managegmt Co Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04385220

Abbreviated Accounts

for the Year Ended 31 December 2015

for

The Point Lincolnfields Management

Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr T J Shaw

SECRETARY:

Mr S J Elkington

REGISTERED OFFICE:

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

REGISTERED NUMBER:

04385220

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

CURRENT ASSETS

Debtors

2,057

2,034

Cash at bank

16,514

16,846

18,571

18,880

CREDITORS

Amounts falling due within one year

17,369

17,678

NET CURRENT ASSETS

1,202

1,202

TOTAL ASSETS LESS CURRENT LIABILITIES

1,202

1,202

CAPITAL AND RESERVES

Called up share capital

2

1,202

1,202

SHAREHOLDERS' FUNDS

1,202

1,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 September 2016 and were signed by:

Mr T J Shaw - Director

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).

Contributions receivable

Turnover comprises service charge contributions for the period. This includes any

recoverable service charge deficits that arise during the year net of VAT.

The service charge falling due on 25th December each year is reflected in accounts of the

following period.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

Service charge expenditure incurred

The basis on which service charge expenditure is reflected within these accounts is by

reference to invoices received and processed by the Managing Agents in the period. In this

way, the services charge expenditure within the accounts should equate to the annual

statement of service charge costs calculated by the Managing Agents.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,201

Ordinary

£1

1,201

1,201

1

Convertible preference

£1

1

1

1,202

1,202