Abbreviated Company Accounts - MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED

Abbreviated Company Accounts - MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED

MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED - Company Information

Print Friendly Version

Registered Number 01966458

MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED

Abbreviated Accounts

28 September 2016

MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED Registered Number 01966458

Abbreviated Balance Sheet as at 28 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 148 185
148 185
Current assets
Debtors 3 528 249
Cash at bank and in hand 1,525 5,970
2,053 6,219
Prepayments and accrued income 2,285 2,118
Creditors: amounts falling due within one year 0 (610)
Net current assets (liabilities) 4,338 7,727
Total assets less current liabilities 4,486 7,912
Total net assets (liabilities) 4,486 7,912
Capital and reserves
Called up share capital 150 150
Revaluation reserve 7,762 10,912
Profit and loss account (3,426) (3,150)
Shareholders' funds 4,486 7,912
  • For the year ending 28 September 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 7 March 2017

And signed on their behalf by:
Andre Leon Erasmus, Director

MAGNOLIA COURT MANAGEMENT (BECKENHAM) LIMITED Registered Number 01966458

Notes to the Abbreviated Accounts for the period ended 28 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover shown in the profit and loss represents service charges received during the period.

2Tangible fixed assets
£
Cost
At 29 September 2015 269
Additions -
Disposals -
Revaluations -
Transfers -
At 28 September 2016 269
Depreciation
At 29 September 2015 84
Charge for the year 37
On disposals -
At 28 September 2016 121
Net book values
At 28 September 2016 148
At 28 September 2015 185

Depreciation is provided after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, plant and machinery - 15% on costs, furniture fixtures and fittings - 10% on cost.

3Debtors

Debtors are unpaid service charges due.