ACCOUNTS - Final Accounts preparation

LONG MEADOW (CHARSFIELD) MANAGEMENT COMPANY LIMITED - Company Information

Registered number: 04792600

LONG MEADOW (CHARSFIELD) MANAGEMENT COMPANY LIMITED

UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016


LONG MEADOW (CHARSFIELD) MANAGEMENT COMPANY LIMITED

The following reproduces the text of the Chartered Accountants' Report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LONG MEADOW (CHARSFIELD) 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 financial statements of Long Meadow (Charsfield) Management Company Limited for the year ended 30 June 2016 which comprise the Profit and loss account, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a 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/membership/
regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Long Meadow (Charsfield) 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 financial statements of Long Meadow (Charsfield) Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Long Meadow (Charsfield) Management Company Limited, as a body, in this report in accordance with ICAEW Technical release TECH07/16AAF . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Long Meadow (Charsfield) 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 Long Meadow (Charsfield) Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Long Meadow (Charsfield) Management Company Limited. You consider that Long Meadow (Charsfield) Management Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Long Meadow (Charsfield) 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 financial statements.

Scrutton Bland

Chartered Accountants

Fitzroy House

Crown Street

Ipswich

Suffolk

IP1 3LG

4 March 2017

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LONG MEADOW (CHARSFIELD) MANAGEMENT COMPANY LIMITED REGISTERED NUMBER: 04792600

ABBREVIATED BALANCE SHEET

AS AT 30 JUNE 2016

2016

2015

	Note	£	£	£	£
Fixed assets
Tangible assets	3		25,779		25,779

Current assets
Cash at bank	127		92
Creditors: amounts falling due within one year	(440)		(420)
Net current liabilities		(313)		(328)

Total assets less current liabilities

25,466

25,451

Capital and reserves
Called up share capital	4	7	7
Share premium account		27,493	27,493
Profit and loss account		(2,034)	(2,049)

Shareholders' funds

25,466

25,451

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question 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 for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 June 2016 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:

Mr J Gugenheim

Director

Date: 4 March 2017

The notes on pages 3 to 4 form part of these financial statements.

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LONG MEADOW (CHARSFIELD) MANAGEMENT COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

1.Accounting Policies

	1.1	Basis of preparation of financial statements
		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).

	1.2	Turnover
		Turnover comprises of contributions towards overheads, contributed by the shareholders.

	1.3	Tangible fixed assets and depreciation
		Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property

	1.4	Financial instruments
		Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.


2.	Profit

During the year, no director received any emoluments (2015 - £NIL).

3.Tangible fixed assets

		£
	Cost
	At 1 July 2015 and 30 June 2016	25,779

	Depreciation
	At 1 July 2015 and 30 June 2016	-

	Net book value
	At 30 June 2016	25,779
	At 30 June 2015	25,779

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LONG MEADOW (CHARSFIELD) MANAGEMENT COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

4.Share capital

	2016	2015
	£	£
Allotted, called up and fully paid

7 Ordinary shares of £1 each	7	7

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