Patriot Way Management Company Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05163871 (England and Wales)

Abridged Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Patriot Way Management Company Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

P W Hanson FCA

J Dickson

SECRETARY:

K Singh

REGISTERED OFFICE:

18 St Christophers Way

Pride Park

DERBY

Derbyshire

DE24 8JY

REGISTERED NUMBER:

05163871 (England and Wales)

ACCOUNTANTS:

HSKS Greenhalgh

Chartered Accountants

18 St Christopher's Way

Pride Park

Derby

DE24 8JY

CURRENT ASSETS

Debtors

356

351

Cash at bank

3,689

3,164

4,045

3,515

CREDITORS

Amounts falling due within one year

2,217

2,117

NET CURRENT ASSETS

1,828

1,398

TOTAL ASSETS LESS CURRENT LIABILITIES

1,828

1,398

CAPITAL AND RESERVES

Called up share capital

3

47

47

Retained earnings

4

1,781

1,351

SHAREHOLDERS' FUNDS

1,828

1,398

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 profit or loss 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 September 2017 and were signed on its behalf by:

P W Hanson FCA - Director

1.	STATUTORY INFORMATION

Patriot Way Management Company Limited is a private company, limited by shares , registered in

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

the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced service charges to members, excluding value added tax.

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 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.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

47

Ordinary shares of £1.00 each

1

47

47

4.

RESERVES

Retained

earnings

£

At 1 January 2016

1,351

Profit for the year

430

At 31 December 2016

1,781

5.	RELATED PARTY DISCLOSURES

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the shareholders by virtue of their shareholdings in the company.

7.	FIRST YEAR ADOPTION

The company has adopted Section 1A of FRS 102 for the first time in the year ended 31 December

2016 and has restated the comparative year accounts where required.

There have been no changes in the nature of the accounting policies during the transition from UK

GAAP to Section 1A of FRS 102 .

There have been no effects on the amounts included within the financial statements during the

transition from the previous UK GAAP to Section 1A of FRS 102.

The following reproduces the text of the report prepared for the directors and members in respect of

the company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Directors are not required to be

filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Patriot Way Management Company Limited for the year ended 31 December 2016

which comprise the Income Statement, Abridged Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Patriot Way Management Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Patriot Way Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Patriot Way Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Patriot Way Management Company Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Patriot Way Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Patriot Way Management Company Limited. You consider that Patriot Way 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 financial statements of Patriot Way 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 financial statements.

HSKS Greenhalgh

Chartered Accountants

18 St Christopher's Way

Pride Park

Derby

DE24 8JY

12 September 2017