Newland Mill Management Services Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06510297 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28TH FEBRUARY 2014

FOR

NEWLAND MILL MANAGEMENT SERVICES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr K Morgan

Mr J P Heyns

SECRETARY:

Mr K Morgan

REGISTERED OFFICE:

Castle Hill

South Street

TORRINGTON

Devon

EX38 8AA

REGISTERED NUMBER:

06510297 (England and Wales)

ACCOUNTANTS:

Berrys, Chartered Accountants

Castle Hill

South Street

TORRINGTON

Devon

EX38 8AA

CURRENT ASSETS

Debtors

443

-

Cash at bank

127

546

570

546

CREDITORS

Amounts falling due within one year

564

540

NET CURRENT ASSETS

6

6

TOTAL ASSETS LESS CURRENT LIABILITIES

6

6

CAPITAL AND RESERVES

Called up share capital

2

6

6

SHAREHOLDERS' FUNDS

6

6

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28th November 2014 and were signed on its behalf by:

Mr K Morgan - Director

Mr J P Heyns - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

In the preparation of the company financial statements for the year ended 28th February 2014 the

directors have considered the disclosure requirements detailed in FRED50. The directors have

decided to adopt the principles fo FRED50 earlier than required as this is recommended. This means

that a statutory trust is imposed over service charge monies received under s42 of the LTA 87 and

that the residential management company acts as a trustee in this capacity.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

6

Ordinary

1

6

6

3.	RESIDENTS' FUNDS

The amount shown in the Balance Sheet as Cash at Bank and in Hand reflects the service charges

collected from residents that have already been assigned to company expenses at 28th February

2014.

The difference between that shown in the Balance Sheet and the amounts held in the company bank

account is £1,294.34 (2013: £1,506.73) and this represents residents' service charges collected and

held in trust on their behalf at 28th February 2014.