Lidgett Grange Management Company Limited - Period Ending 2016-08-31

Lidgett Grange Management Company Limited - Period Ending 2016-08-31

LIDGETT GRANGE MANAGEMENT COMPANY LIMITED - Company Information

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Registration number: 05530833

Lidgett Grange Management Company Limited

(A company limited by guarantee)

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
S1 1WR

 

Lidgett Grange Management Company Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

 

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
Lidgett Grange Management Company Limited
for the Year Ended 31 August 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lidgett Grange Management Company Limited for the year ended 31 August 2016 set out on pages 4 to 7 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of Lidgett Grange 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 Lidgett Grange Management Company Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lidgett Grange 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 Lidgett Grange 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 loss of Lidgett Grange Management Company Limited. You consider that Lidgett Grange 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 Lidgett Grange 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.

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

Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
S1 1WR

15 May 2017

Page 1

 

Lidgett Grange Management Company Limited
(Registration number: 05530833)
Abbreviated Balance Sheet at 31 August 2016

 

Note

    

2016
£

    

2015
£

  

Current assets

  

   

   

 

Debtors

  

   

515

   

634

 

Cash at bank and in hand

  

   

1,582

   

4,459

 

 

   

2,097

   

5,093

 

Creditors: Amounts falling due within one year

  

   

(964)

   

(2,824)

 

Net assets

  

   

1,133

   

2,269

 

Capital and reserves

  

   

   

 

Profit and loss account

  

   

1,133

   

2,269

 

For the year ending 31 August 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the Board on 9 May 2017 and signed on its behalf by:

.........................................
M M Jones
Company secretary

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

 

Lidgett Grange Management Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 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 amounts chargeable in respect of the sale of services to customers in relation to property management. Revenue is recognised net of rebates and discounts on the transfer of significant risks and rewards when services are rendered.

2

Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

Page 3