Abbreviated Company Accounts - THE MARTINS PROPERTY MANAGEMENT COMPANY (WALBERSWICK) LIMITED

THE MARTINS PROPERTY MANAGEMENT COMPANY (WALBERSWICK) LIMITED - Company Information

Registered Number 05324588

THE MARTINS PROPERTY MANAGEMENT COMPANY (WALBERSWICK) LIMITED

Abbreviated Accounts

31 January 2016

THE MARTINS PROPERTY MANAGEMENT COMPANY (WALBERSWICK) LIMITED Registered Number 05324588

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	7,609	7,609
		7,609	7,609
Current assets
Debtors		4,709	4,293
Cash at bank and in hand		2,261	1,728
		6,970	6,021
Net current assets (liabilities)		6,970	6,021
Total assets less current liabilities		14,579	13,630
Total net assets (liabilities)		14,579	13,630
Reserves
Other reserves		14,100	13,100
Income and expenditure account		479	530
Members' funds		14,579	13,630

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 27 October 2016

And signed on their behalf by:
Mr R A Strutt, Director

THE MARTINS PROPERTY MANAGEMENT COMPANY (WALBERSWICK) LIMITED Registered Number 05324588

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 April 2008.

Turnover policy
Members contributions are the total amount receivable by the company for maintenance and general upkeep of the property.

Tangible assets depreciation policy
The company owns the freehold land at The Martins, The Street, Walberswick, Suffolk, IP18 6UN.

All fixed assets are initially recorded at cost.

Other accounting policies
Taxation

The company is only subject to corporation tax on investment income as it is treated as a mutual society by concession.

2Company limited by guarantee
The company is limited by guarantee whereby the members of the company guarantee the liabilities of the company to the extent of £10 per member.

3Tangible fixed assets

	£
Cost
At 1 February 2015	7,609
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	7,609
Depreciation
At 1 February 2015	-
Charge for the year	-
On disposals	-
At 31 January 2016	-
Net book values
At 31 January 2016	7,609
At 31 January 2015	7,609

Included within freehold cost is £7,609 relating to non depreciable land.