Abbreviated Company Accounts - TENUREDIRECT PROPERTY MANAGEMENT LIMITED

TENUREDIRECT PROPERTY MANAGEMENT LIMITED - Company Information

Registered Number 03142705

TENUREDIRECT PROPERTY MANAGEMENT LIMITED

Abbreviated Accounts

31 January 2016

TENUREDIRECT PROPERTY MANAGEMENT LIMITED Registered Number 03142705

Abbreviated Balance Sheet as at 31 January 2016

	2016	2015
	£	£
Current assets
Debtors	-	5,213
Cash at bank and in hand	-	2,832
	-	8,045
Creditors: amounts falling due within one year	0	(8,045)
Net current assets (liabilities)	0	0
Total assets less current liabilities	0	0
Total net assets (liabilities)	0	0
Reserves
Income and expenditure account	0	0
Members' funds	0	0

For the year ending 31 January 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

Approved by the Board on 31 October 2016

And signed on their behalf by:
Mr I C Murray, Director

TENUREDIRECT PROPERTY MANAGEMENT LIMITED Registered Number 03142705

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
In the comparative year, turnover represented service charges receivable (see "Service charge accounts" accounting policy below).

Other accounting policies
Service charge accounts

In previous years, service charge income and expenditure was reflected in the financial statements of Tenuredirect Property Management Limited the service charges collected being held on trust for the purpose of section 42 of the Landlord and Tenant Act 1987.

In view of changes being implemented in relation to the accounting of service charge trust monies, with effect from the 2016 financial year, these transactions are no longer being reflected in the financial statements of the company, but are being shown separately within the service charge accounts presented to the lessees.

Comparative figures for the position as at 31st January 2015 are shown in these financial statements to reflect the transactions dealt with on the former basis, with no restatement thereof.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital. The members of the company have undertaken to contribute a pre-determined sub to the liabilities of the company in the event of the company being wound up.