Arches Business Centre Management Compan - Abbreviated accounts 16.3

REGISTERED NUMBER: 01698145 (England and Wales)

ARCHES BUSINESS CENTRE MANAGEMENT

COMPANY LIMITED

LIMITED BY GUARANTEE

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P E Bale

J C Cheetham

SECRETARY:

P E Bale

REGISTERED OFFICE:

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

REGISTERED NUMBER:

01698145 (England and Wales)

ACCOUNTANTS:

Atkinson Finch & Co

Chartered Accountants

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

BANKERS:

Yorkshire Bank Plc

7-11 High Street

Coventry

West Midlands

CV1 5SB

FIXED ASSETS

Tangible assets

2

6,756

7,948

CURRENT ASSETS

Debtors

6,379

1,811

Cash at bank

19,607

14,355

25,986

16,166

CREDITORS

Amounts falling due within one year

3,300

3,087

NET CURRENT ASSETS

22,686

13,079

TOTAL ASSETS LESS CURRENT LIABILITIES

29,442

21,027

RESERVES

Income and expenditure account

29,442

21,027

29,442

21,027

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 surplus or deficit 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 23rd November 2016 and were signed on its behalf by:

P E Bale - 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 from the owners of the units on the business development.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

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 1st April 2015

and 31st March 2016

15,226

DEPRECIATION

At 1st April 2015

7,278

Charge for year

1,192

At 31st March 2016

8,470

NET BOOK VALUE

At 31st March 2016

6,756

At 31st March 2015

7,948

3.	RELATED PARTY DISCLOSURES

The company is under the control of the directors.

4.	COMPANY GUARANTEE

The company is a company limited by guarantee, all members guarantee an amount not to exceed £1,000 payable in the

event of the company being wound up with a deficiency of net assets. At 31st March 2016, there were 12 members

(2015 - 14 members).