| Clarendon Court (Leamington Spa) Management Company Limited |
| Registered number: |
05185973 |
| Balance Sheet |
| as at 24 March 2017 |
|
| Notes |
|
2017 |
|
2016 |
| £ |
£ |
£ |
£ |
| Current assets |
| Debtors |
2 |
|
28,175 |
|
|
26,031 |
| Cash at bank and in hand |
|
|
17,210 |
|
|
40,606 |
|
|
|
45,385 |
|
|
66,637 |
|
| Creditors: amounts falling due within one year |
3 |
|
(40,874) |
|
|
(30,569) |
|
| Net current assets |
|
|
|
4,511 |
|
|
36,068 |
|
| Net assets |
|
|
|
4,511 |
|
|
36,068 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
24 |
|
|
24 |
| Reserve Fund for Major Works |
4 |
|
|
24,572 |
|
|
48,174 |
| Income and Expenditure Reserve |
|
|
|
(20,085) |
|
|
(12,130) |
|
| Property funds |
|
|
|
4,511 |
|
|
36,068 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The income and expenditure account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A Tempest |
| Director |
| Approved by the board on 20 June 2017 |
|
| Clarendon Court (Leamington Spa) Management Company Limited |
| Notes to the Accounts |
| for the year ended 24 March 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover represents the invoiced value of Service charges recharged to residents. |
|
|
| 2 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Resident Service Charge Arrears |
13,060 |
|
16,689 |
|
Service Charge adjustments due from Residents |
|
|
|
|
7,955 |
|
- |
|
Other debtors |
7,160 |
|
9,342 |
|
|
|
|
|
|
28,175 |
|
26,031 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
9,489 |
|
(203) |
|
Service charges Invoiced in advance of current period |
|
|
|
|
31,385 |
|
30,772 |
|
|
|
|
|
|
40,874 |
|
30,569 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Reserve Fund for Major Works |
2017 |
|
2016 |
| £ |
£ |
|
|
At 25 March 2016 |
48,174 |
|
34,174 |
|
Service Charge contribution current year |
14,000 |
|
14,000 |
|
Expenditure from Reserves |
(37,602) |
|
- |
|
|
At 24 March 2017 |
24,572 |
|
48,174 |
|
|
|
|
|
|
|
|
|
| 5 |
Income and Expenditure Reserve |
2017 |
|
2016 |
| £ |
£ |
|
|
At 25 March 2016 |
(12,130) |
|
(9,060) |
|
Deficit for the year |
(7,955) |
|
(3,070) |
|
|
At 24 March 2017 |
(20,085) |
|
(12,130) |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
The company derives its income from the property residents who are also its shareholders. Some of the directors are residents and therefore enter into transactions with the company in the form of service charges to the company.
All such transactions are conducted on the same terms as transactions with other shareholders, and on an arms length basis. |
|
|
| 7 |
Other information |
|
|
Clarendon Court (Leamington Spa) Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Six Olton Bridge |
|
245 Warwick Road |
|
Solihull |
|
West Midlands |
|
B92 7AH |
