| Millside Residents Association Limited |
| Registered number: |
02733736 |
| Balance Sheet |
| as at 23 June 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Current assets |
| Debtors |
2 |
|
2,835 |
|
|
34,911 |
| Cash at bank and in hand |
|
|
50,260 |
|
|
38,402 |
|
|
|
53,095 |
|
|
73,313 |
|
| Creditors: amounts falling due within one year |
3 |
|
(3,501) |
|
|
(30,605) |
|
| Net current assets |
|
|
|
49,594 |
|
|
42,708 |
|
| Net assets |
|
|
|
49,594 |
|
|
42,708 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
55 |
|
|
55 |
| Profit and loss account |
|
|
|
49,539 |
|
|
42,653 |
|
| Shareholders' funds |
|
|
|
49,594 |
|
|
42,708 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| N Fritz |
| Director |
| Approved by the board on 30 November 2016 |
|
| Millside Residents Association Limited |
| Notes to the Accounts |
| for the period from 1 January 2016 to 23 June 2016 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover represents the value of service charges receivable from lessees. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Debtors |
2016 |
|
2015 |
| £ |
£ |
|
|
Trade debtors |
1,190 |
|
25,308 |
|
Other debtors |
1,645 |
|
9,603 |
|
|
|
|
|
|
2,835 |
|
34,911 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2016 |
|
2015 |
| £ |
£ |
|
|
Maintenance in advance |
- |
|
29,093 |
|
Trade creditors |
2,759 |
|
441 |
|
Accruals |
|
|
|
|
685 |
|
1,013 |
|
Other creditors |
57 |
|
58 |
|
|
|
|
|
|
3,501 |
|
30,605 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Other information |
|
|
Millside Residents Association Limited is a private company limited by shares and incorporated in England. Its registered office is: |
