Matley Court Management Company Limited Company Accounts

MATLEY COURT MANAGEMENT COMPANY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05400705

Matley Court Management Company Limited

Filleted Unaudited Financial Statements

31 March 2017

Matley Court Management Company Limited

Financial Statements

Year ended 31 March 2017

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

Matley Court Management Company Limited

Officers and Professional Advisers

Director	R. C. Harrison

Company secretary	J. Harrison

Registered office	15 Corporation Street
	Stalybridge
	Cheshire
	SK15 2JL

Accountants	Morris Gregory
	Chartered Accountants
	County End Business Centre
	Jackson Street
	Springhead
	Oldham
	Lancashire
	OL4 4TZ

Bankers	National Westminster Bank Plc
	20 Melbourne Street
	Stalybridge
	Cheshire
	SK15 2JQ

Matley Court Management Company Limited

Statement of Financial Position

31 March 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	4	1,037	1,356
Cash at bank and in hand		–	2,259
		-------	-------
		1,037	3,615

Creditors: amounts falling due within one year	5	( 2,257)		( 6,614)
		-------		-------
Net current liabilities			( 1,220)	( 2,999)
			-------	-------
Total assets less current liabilities			( 1,220)	( 2,999)
			-------	-------
Net liabilities			( 1,220)	( 2,999)
			-------	-------

Capital and reserves

Called up share capital	12	12
Profit and loss account	( 1,232)	( 3,011)
	-------	-------
Members deficit	( 1,220)	( 2,999)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 1 August 2017 , and are signed on behalf of the board by:

R. C. Harrison
Director

Company registration number: 05400705

Matley Court Management Company Limited

Notes to the Financial Statements

Year ended 31 March 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Corporation Street, Stalybridge, Cheshire, SK15 2JL.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

Revenue recognition

Turnover is measured at the fair value of the service charges received or receivable, stated net of discounts and of Value Added Tax. Revenue from these services is recognised when the amount of revenue can be measured reliably, and it is probable that the associated economic benefits will flow to the entity.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Debtors

	2017	2016
	£	£
Trade debtors	–	325
Other debtors	1,037	1,031
	-------	-------
	1,037	1,356
	-------	-------

5. Creditors: amounts falling due within one year

	2017	2016
	£	£
Bank loans and overdrafts	19	–
Trade creditors	170	–
Other creditors	2,068	6,614
	-------	-------
	2,257	6,614
	-------	-------

6. Related party transactions

The management of the company is the responsibility of Mrs J. Harrison , who is the wife of the director, and the accounts include a management fee of £1,000 (2016 : £1,000).

7. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.

No transitional adjustments were required in equity or profit or loss for the year.