Glenaub House Management Company Limited - Period Ending 2016-06-30

GLENAUB HOUSE MANAGEMENT COMPANY LIMITED - Company Information

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Registration number: 05495912

Glenaub House Management Company Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016

Alwyn Thomas Limited
Glenaub House
Old School Rd
Porthcawl
Bridgend
CF36 3AW

Glenaub House Management Company Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Glenaub House Management Company Limited
for the Year Ended 30 June 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Glenaub House Management Company Limited for the year ended 30 June 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Glenaub House Management Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Glenaub House Management Company Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Glenaub House Management Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Glenaub House Management Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Glenaub House Management Company Limited. You consider that Glenaub House Management Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Glenaub House Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Alwyn Thomas Limited
Glenaub House
Old School Rd
Porthcawl
Bridgend
CF36 3AW

20 February 2017

Page 1

Glenaub House Management Company Limited
(Registration number: 05495912)
Abbreviated Balance Sheet at 30 June 2016

	Note	2016 £	2015 £
Current assets
Debtors		1,582	1,772
Cash at bank and in hand		6,074	4,370
		7,656	6,142
Creditors: Amounts falling due within one year		(6,897)	(5,383)
Net assets		759	759
Capital and reserves
Called up share capital	2	5	5
Profit and loss account		754	754
Shareholders' funds		759	759

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

Approved by the Board on 20 February 2017 and signed on its behalf by:

.........................................
M R Jones
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Glenaub House Management Company Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 the lessees' contributions towards the maintenance and management of the property at Glenaub House.

Maintenance reserve
Any excess of income over expenditure is transferred to a maintenance reserve in order to meet future costs.

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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary shares of £1 each		5	5		5	5

Page 3