Abbreviated Company Accounts - PROGRESS 55 MANAGEMENT LIMITED

PROGRESS 55 MANAGEMENT LIMITED - Company Information

05805302 PROGRESS 55 MANAGEMENT LIMITED 2016-09-30 false 2015-10-01 2016-09-30 true 05805302 2015-10-01 2016-09-30 05805302 2016-09-30 05805302 2015-09-30 05805302 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 05805302 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP shares

Registered Number 05805302

PROGRESS 55 MANAGEMENT LIMITED

Abbreviated Accounts

30 September 2016

PROGRESS 55 MANAGEMENT LIMITED Registered Number 05805302

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Current assets
Debtors		18	18
		18	18
Net current assets (liabilities)		18	18
Total assets less current liabilities		18	18
Total net assets (liabilities)		18	18
Capital and reserves
Called up share capital	2	18	18
Shareholders' funds		18	18

For the year ending 30 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 6 June 2017

And signed on their behalf by:
J K East, Director

PROGRESS 55 MANAGEMENT LIMITED Registered Number 05805302

Notes to the Abbreviated Accounts for the period ended 30 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 January 2015.

Other accounting policies
Income and expenditure account
The company has no income and expenditure in its own right. All transactions in the year relate to maintenance of properties sited at 55 Progress Road, Leigh-on-Sea, Essex, in accordance with the lease. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company. All service charge monies received from the tenants of the property are held on trust for the tenants.

Contractual commitments
The company contracts with third parties for the supply of services to the properties sited at 55 Progress Road, Leigh-on-Sea, Essex, for maintenance of the common parts in accordance with the terms of the lease. At 30 September 2016, the company had not entered into any non-cancellable contractual commitments.

Ownership of the Common Parts
On 30 March 2007, the common parts of 55 Progress Road, Leigh-on-Sea, Essex, were acquired by the company and are held separately under title number EX791824. This acquisition took place for no monetary value.

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
18 Ordinary shares of £1 each	18	18