Hewetson Court Management Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03070010 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 October 2016

for

Hewetson Court Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B W Eddleston

D R Bradley

R Scriven

A M Bowe

SECRETARY:

B W Eddleston

REGISTERED OFFICE:

6 Kendor Grove

MORPETH

Northumberland

NE61 2BU

REGISTERED NUMBER:

03070010 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Tangible assets

2

16,500

CURRENT ASSETS

Debtors

2,967

2,802

Cash at bank

55,376

50,961

58,343

53,763

CREDITORS

Amounts falling due within one year

787

782

NET CURRENT ASSETS

57,556

52,981

TOTAL ASSETS LESS CURRENT
LIABILITIES

74,056

69,481

CAPITAL AND RESERVES

Called up share capital

3

26

Flatholder Funds

17,849

Painting Fund

31,412

25,509

Maintenance Funds

24,769

26,097

SHAREHOLDERS' FUNDS

74,056

69,481

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 15 November 2016 and were signed on its behalf
by:

B W Eddleston - 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 service charges for the properties managed.

Tangible fixed assets

The freehold land has not been depreciated in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

16,500

NET BOOK VALUE

At 31 October 2016

16,500

At 31 October 2015

16,500

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

26

Ordinary

£1

26

4.	STATUTORY TRUST

A statutory trust is imposed over the service charge monies received under Section 42 of the Landlord and

Tenant Act, The company acts as a trustee in this capacity.

As at the year end, cash balances of £55,376 (2015:£50,961) and other assets of £16,500 (2015:£16,500) were

held in trust by Hewetson Court Management Limited.