Jacey House Management Company Limited - Abbreviated accounts

Registered number

07248716

Jacey House Management Company Limited

Abbreviated Accounts

31 May 2016

Jacey House Management Company Limited
Registered number:		07248716
Abbreviated Balance Sheet
as at 31 May 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets			17,500			17,500

Current assets
Debtors		261			136
Cash at bank and in hand		1,368			1,246
		1,629			1,382

Creditors: amounts falling due within one year		(17,620)			(17,620)

Net current liabilities			(15,991)			(16,238)

Net assets			1,509			1,262

Capital and reserves
Called up share capital	2		11			11
Profit and loss account			1,498			1,251

Shareholders' funds			1,509			1,262

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 provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr G T Howard
Director
Approved by the board on 29 December 2016

Jacey House Management Company Limited
Notes to the Abbreviated Accounts
for the year ended 31 May 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 Ground Rents received from non-shareholders, who did not contribute towards the purchase of the Head Lease.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Land and buildings			nil

	No depreciation has been charged on the Head Lease, which is held for the benefit of the
	leaseholders of the contributing flats within the property.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		11		11		11