Company Registration No. 3044227 (England and Wales)
THE CORNEY REACH ESTATE MANAGEMENT COMPANY LIMITED
(LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2016
THE CORNEY REACH ESTATE MANAGEMENT COMPANY LIMITED
(LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL)
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
THE CORNEY REACH ESTATE MANAGEMENT COMPANY LIMITED
(LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL)
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
10,599
10,599
Current assets
Debtors
1,427
1,286
Cash at bank and in hand
91,933
94,928
93,360
96,214
Creditors: amounts falling due within one year
(4,092)
(8,596)
Net current assets
89,268
87,618
Total assets less current liabilities
99,867
98,217
Capital and reserves
Profit and loss account
99,867
98,217
Shareholders' funds
99,867
98,217
For the financial year ended 29 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 13 December 2016
D Claridge
Director
Company Registration No. 3044227
THE CORNEY REACH ESTATE MANAGEMENT COMPANY LIMITED
(LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL)
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Service charges represents the annual contributions receivable from tenants towards the upkeep of the communal areas.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Nil
2
Fixed assets
Tangible assets
£
Cost
At 30 June 2015 & at 29 June 2016
10,599
At 29 June 2015
10,599
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