Bromford (Great Barr) Management Company - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 01741662 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2016

FOR

BROMFORD (GREAT BARR) MANAGEMENT COMPANY

LIMITED

COMPANY LIMITED BY GUARANTEE

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr B Postans

Mr J Nock

SECRETARY:

Mrs K Peach-Robinson

REGISTERED OFFICE:

Featherstone Hall Farm

New Road

Featherstone

West Midlands

WV10 7NW

REGISTERED NUMBER:

01741662 (England and Wales)

ACCOUNTANTS:

Guy & Co Chartered Certified Accountants

12 Johnson Street

Woodcross

Coseley

West Midlands

WV14 9RL

FIXED ASSETS

Tangible assets

4

1

1

CURRENT ASSETS

Debtors

5

3,375

6,754

Cash at bank

3,393

309

6,768

7,063

CREDITORS

Amounts falling due within one year

6

12,216

21,388

NET CURRENT LIABILITIES

(5,448

)

(14,325

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,447

)

(14,324

)

RESERVES

Members Loans

18

18

Income and expenditure account

(5,465

)

(14,342

)

(5,447

)

(14,324

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6th July 2017 and were signed on its behalf by:

Mr J Nock - Director

1.	STATUTORY INFORMATION

Bromford (Great Barr) Management Company Limited is a private company, limited by guarantee , registered in

England and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Fixed assets

All fixed assets are initially recorded at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Tangible fixed assets

The tangible asset is the company's freehold interest in the development. The company has granted 18 leases

expiring in 2108.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st January 2016

and 31st December 2016

1

NET BOOK VALUE

At 31st December 2016

1

At 31st December 2015

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

3,375

6,754

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

17

-

Trade creditors

-

1

Other creditors

12,199

21,387

12,216

21,388

7.	ULTIMATE CONTROLLING PARTY

The controlling party is the company directors.

8.	LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. The liability of each member is limited to

a maximum of £1. An amount equal to the guarantee has been paid into the company by each member. The total

number of members at 31 December 2016 was 18.

9.	RELATED PARTY DISCLOSURES

Mr B Postans - Director

During the year Mr Postans was reimbursed £80 for telephone expenses and £200 for administrative expenses in

the normal course of business.