Hawthorn Court Management Company Limited Company Accounts

Hawthorn Court Management Company Limited Company Accounts

HAWTHORN COURT MANAGEMENT COMPANY LIMITED - Company Information

Print Friendly Version

false false false false false false false false false true false false false false false false false No description of principal activity 2016-01-01 Sage Accounts Production Advanced 2017 Update 2 - FRS xbrli:pure xbrli:shares iso4217:GBP 04346981 2016-01-01 2016-12-31 04346981 2016-12-31 04346981 2015-12-31 04346981 bus:Director3 2016-01-01 2016-12-31 04346981 core:WithinOneYear 2016-12-31 04346981 core:WithinOneYear 2015-12-31 04346981 core:ShareCapital 2016-12-31 04346981 core:ShareCapital 2015-12-31 04346981 core:RetainedEarningsAccumulatedLosses 2016-12-31 04346981 core:RetainedEarningsAccumulatedLosses 2015-12-31 04346981 bus:FRS102 2016-01-01 2016-12-31 04346981 bus:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 04346981 bus:FullAccounts 2016-01-01 2016-12-31 04346981 bus:SmallCompaniesRegimeForAccounts 2016-01-01 2016-12-31 04346981 bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31
COMPANY REGISTRATION NUMBER: 04346981
Hawthorn Court Management Company Limited
Filleted Unaudited Financial Statements
31 December 2016
Hawthorn Court Management Company Limited
Financial Statements
Year ended 31 December 2016
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 3
Hawthorn Court Management Company Limited
Statement of Financial Position
31 December 2016
2016
2015
Note
£
£
£
£
Current assets
Debtors
4
5,264
4,059
Creditors: amounts falling due within one year
5
( 499)
( 276)
------------
------------
Net current assets
4,765
3,783
------------
------------
Total assets less current liabilities
4,765
3,783
------------
------------
Net assets
4,765
3,783
------------
------------
Capital and reserves
Called up share capital
26
26
Profit and loss account
4,739
3,757
------------
------------
Members funds
4,765
3,783
------------
------------
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 and directors' report have not been delivered.
For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
The financial statements were approved by the board of directors and authorised for issue on 29 September 2017 and are signed on behalf of the board by:
A Tait
Director
Company registration number: 04346981
Hawthorn Court Management Company Limited
Notes to the Financial Statements
Year ended 31 December 2016
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/o Joseph Miller & Co, Floor A, Milburn House, Dean Street, Newcastle upon Tyne, NE1 1LE.
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 . The financial statements are prepared in sterling, which is the functional currency of the entity.
Service charges
Under section 42 of the Landlord and Tenant Act 1987, service charge funds are held in trust by the management company on behalf of the tenants. Such funds do not belong to the management company and are therefore not accounted for by it.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 6.
Revenue recognition
Turnover represents ground rent receivable from the lessees.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Debtors
2016
2015
£
£
Other debtors
5,264
4,059
------------
------------
5. Creditors: amounts falling due within one year
2016
2015
£
£
Corporation tax
246
23
Other creditors
253
253
------------
------------
499
276
------------
------------
6. Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.
No transitional adjustments were required in equity or profit or loss for the year.