Rhysdale Management Limited Small abbreviated accounts

RHYSDALE MANAGEMENT LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 1480009

RHYSDALE MANAGEMENT LIMITED

COMPANY LIMITED BY GUARANTEE

UNAUDITED ABBREVIATED ACCOUNTS

FOR

31 March 2016

RHYSDALE MANAGEMENT LIMITED

COMPANY LIMITED BY GUARANTEE

ABBREVIATED BALANCE SHEET

31 March 2016

		2016		2015
Note		£	£	£
FIXED ASSETS	2
Tangible assets			222	222
			----	----

CURRENT ASSETS

Debtors	20	-
Cash at bank and in hand	6,692	9,149
	-------	-------
	6,712	9,149
CREDITORS: Amounts falling due within one year	6,717	9,154
	-------	-------

NET CURRENT LIABILITIES		( 5)	( 5)

	----	----
TOTAL ASSETS LESS CURRENT LIABILITIES	217	217
	----	----

RESERVES	3
Income and expenditure account		217	217

	----	----
MEMBERS' FUNDS	217	217
	----	----

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:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 12 December 2016 , and are signed on their behalf by:

H D Tweed

Company Registration Number: 1480009

RHYSDALE MANAGEMENT LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 MARCH 2016

1. ACCOUNTING POLICIES

Basis of accounting

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 comprises of amounts receivable from leaseholders during the period, together with any sundry income such as transfer fees or insurance claims. The turnover basis is not affected by consideration of long-term contracts and contracts for ongoing services.

Fixed assets

All fixed assets are initially recorded at cost.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

The company has been set up to provide maintenance services funded by contributions from leaseholders. The company is not trading for commercial gain, and therefore no corporation tax is due on any surpluses.

Maintenance contributions and service charges

During the period the company received maintenance contributions from the leaseholders and incurred costs on behalf of the leaseholders.

With effect from 1 April 2009 and in accordance with section 42 of the Landlord and Tenants Act 1987 the total of any funds held in the bank account or in cash has been treated as being held in trust on behalf of the leaseholders.

A provision has been made in the financial statements under creditors due less than one year for the total amount held on behalf of the leaseholders at the period end date.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 April 2015 and 31 March 2016	222
	----

NET BOOK VALUE

At 31 March 2016	222
	----

At 31 March 2015	222
	----

3. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and as such has no share capital. All members of the company have provided a guarantee of £1 each.