ACCOUNTS - Final Accounts

ASHBOURNE HOUSE MANAGEMENT COMPANY LIMITED - Company Information

Caseware UK (AP4) 2014.0.91 2014.0.91 2016-12-312016-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueFlat Management Companyfalse2016-01-01 05072312 2016-01-01 2016-12-31 05072312 2016-12-31 05072312 2015-12-31 05072312 c:Director6 2016-01-01 2016-12-31 05072312 c:Director8 2016-01-01 2016-12-31 05072312 d:CurrentFinancialInstruments 2016-12-31 05072312 d:CurrentFinancialInstruments 2015-12-31 05072312 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 05072312 d:CurrentFinancialInstruments d:WithinOneYear 2015-12-31 05072312 d:ShareCapital 2016-12-31 05072312 d:ShareCapital 2015-12-31 05072312 d:RetainedEarningsAccumulatedLosses 2016-12-31 05072312 d:RetainedEarningsAccumulatedLosses 2015-12-31 05072312 c:FRS102 2016-01-01 2016-12-31 05072312 c:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 05072312 c:FullAccounts 2016-01-01 2016-12-31 05072312 c:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 iso4217:GBP

Registered number: 05072312

ASHBOURNE HOUSE MANAGEMENT COMPANY LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

ASHBOURNE HOUSE MANAGEMENT COMPANY LTD

REGISTERED NUMBER: 05072312

BALANCE SHEET

AS AT 31 DECEMBER 2016

		2016		2015
Note		£		£


Current assets
Cash at bank and in hand	4	1,270		1,545
		1,270		1,545
Creditors: amounts falling due within one year	5	(392)		(996)
Net current assets			878		549
Total assets less current liabilities			878		549

Net assets			878		549

Capital and reserves
Called up share capital	5	5
Profit and loss account	873	544
	878	549

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 May 2017.

Mrs H Gowing	Mrs A Foister
Director	Director

The notes on pages 2 to 3 form part of these financial statements.

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ASHBOURNE HOUSE MANAGEMENT COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

1.	General information

The Company is a United Kingdom company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is Shimpling Hall, Dickleburgh Road, Shimpling, Diss, Norfolk, IP21 4UF
The company's principle activity is that of Flat Management.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.
The financial statements for the year ended 31 December 2016 are the company’s first financial statements that comply with FRS 102. The company’s date of transition to FRS 102 is 1 January 2015. The company’s last financial statements prepared in accordance with previous UK GAAP were for the year ended 31 December 2015.
Information on the impact of first-time adoption of FRS 102 is given in note 6.
The following principal accounting policies have been applied:

2.2

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.3

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 12 (2015 - 8).

4.	Cash and cash equivalents
		2016	2015
		£	£

Cash at bank and in hand	1,270	1,545
	1,270	1,545

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ASHBOURNE HOUSE MANAGEMENT COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

5.	Creditors: Amounts falling due within one year
		2016	2015
		£	£

Trade creditors	-	759
Other creditors	392	237
	392	996

6.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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