Greenbriars Management Company Ltd,Ltd - Accounts

GREENBRIARS MANAGEMENT COMPANY LIMITED - Company Information

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Greenbriars Management Company Ltd

For the year ended 31 March 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 02913889

Contents Page

Greenbriars Management Company Ltd

For the year ended 31 March 2016

Accountants' Report

Balance Sheet

Notes to the Abbreviated Financial Statements

Greenbriars Management Company Ltd

Chartered Accountants' Report

For the year ended 31 March 2016

Chartered Accountants' Report to the Board of Directors

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the

accounts of Greenbriars Management Company Ltd for the year ended 31 March 2016 which comprise the Profit

and Loss Account, 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 firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its

ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Greenbriars Management Company Ltd, as a body, in

accordance with the terms of our engagement letter dated 4 January 2006. Our work has been undertaken solely to

prepare for your approval the accounts of Greenbriars Management Company Ltd and state those matters that we

have agreed to state to the Board of Directors of Greenbriars Management Company Ltd, as a body, in this report

in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not

accept or assume responsibility to anyone other than Greenbriars Management Company Ltd and its Board of

Directors as a body for our work or for this report.

It is your duty to ensure that Greenbriars Management Company Ltd has kept adequate accounting records to

prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of

Greenbriars Management Company Ltd. You consider that Greenbriars Management Company Ltd is exempt from

the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Greenbriars Management

Company Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the statutory

accounts.

Avalon Accounting

Chartered Accountants

11 Penny Close

Longlevens

Gloucester

GL2 0NP

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Abbreviated Balance Sheet

Greenbriars Management Company Ltd

As at 31 March 2016

02913889

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

3,903

4,016

3,903

4,016

Current assets

Cash at bank and in hand

3,373

3,745

3,373

3,745

Creditors: amounts falling due within one year

(205)

(150)

3,540

3,223

Net current assets

Total assets less current liabilities

7,126

7,556

7,126

Net assets

7,556

Capital and reserves

Called up share capital

Profit and loss account

7,118

7,548

7,126

7,556

Shareholders funds

For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 19 October 2016

D Painter Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Greenbriars Management Company Ltd

For the year ended 31 March 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises member contributions and sundry income..

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

15% Straight line

No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

4,280

At 01 April 2015

At 31 March 2016

4,280

Depreciation

264

At 01 April 2015

113

Charge for year

377

At 31 March 2016

Net book values

At 31 March 2016

3,903

4,016

At 31 March 2015

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