Cornerstones Management Company Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02038803

Abbreviated Unaudited Accounts

for the Year Ended 31st January 2016

for

CORNERSTONES (CHELTENHAM) MANAGEMENT

COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ms M Williams

K Finch

SECRETARY:

Ms M Williams

REGISTERED OFFICE:

Flat B

17 Lypiatt Terrace

Lypiatt Road

Cheltenham

Gloucestershire

GL50 2SX

REGISTERED NUMBER:

02038803

ACCOUNTANTS:

Davies Mayers Barnett LLP

Pillar House

113/115 Bath Road

Cheltenham

Gloucestershire

GL53 7LS

FIXED ASSETS

Tangible assets

2

71

84

CURRENT ASSETS

Cash at bank

2,772

2,017

CREDITORS

Amounts falling due within one year

(409

)

(414

)

NET CURRENT ASSETS

2,363

1,603

TOTAL ASSETS LESS CURRENT LIABILITIES

2,434

1,687

CAPITAL AND RESERVES

Called up share capital

3

7

7

Profit and loss account

2,427

1,680

SHAREHOLDERS' FUNDS

2,434

1,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2016 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors on 20th October 2016 and were signed on its behalf by:

Ms M Williams - 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).

Turnover

Turnover represents the amounts receivable during the year as management contributions.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Cost is defined as the purchase cost less any residual value.

Depreciation is charged from the month of acquisition at the above rates.

The net book values of the assets are regularly reviewed by the directors and further adjustments to carrying

values are made where considered appropriate.

Deferred tax

Deferred taxation is recognised in respect of all significant timing differences between the treatment of certain

items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date. Full

provision is made without discounting for all significant deferred tax liabilities. Significant deferred tax assets

are recognised to the extent that it is more likely than not that they will be recovered against taxable profits.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st February 2015

and 31st January 2016

608

DEPRECIATION

At 1st February 2015

524

Charge for year

13

At 31st January 2016

537

NET BOOK VALUE

At 31st January 2016

71

At 31st January 2015

84

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

7

Ordinary shares

£1

7

7