| Pool Lane Management Limited |
| Registered number: |
02454317 |
| Balance Sheet |
| as at 31 March 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Current assets |
| Debtors |
2 |
|
175 |
|
|
133 |
| Cash at bank and in hand |
|
|
6,876 |
|
|
4,342 |
|
|
|
7,051 |
|
|
4,475 |
|
| Creditors: amounts falling due within one year |
3 |
|
(1,191) |
|
|
(1,190) |
|
| Net current assets |
|
|
|
5,860 |
|
|
3,285 |
|
| Net assets |
|
|
|
5,860 |
|
|
3,285 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
71 |
|
|
71 |
| Profit and loss account |
|
|
|
5,789 |
|
|
3,214 |
|
| Members Funds |
|
|
|
5,860 |
|
|
3,285 |
|
|
|
|
|
|
|
|
| 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 profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| K J Ball |
| Director |
| Approved by the board on 26 September 2017 |
|
| Pool Lane Management Limited |
| Notes to the Accounts |
| for the year ended 31 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 (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Service charges received represents the amounts received during the year from the members to meet expenditure incurred during the year.
Residents Contributions
The company's accounting system records the contributions received from residents on an actual collection basis. Accordingly the financial statements reflect income in accordance with this and the accounting policy noted above. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Other debtors |
175 |
|
133 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other creditors |
1,191 |
|
1,190 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Controlling party |
|
|
There is no ultimate controlling party. |
|
|
| 5 |
Other information |
|
|
Pool Lane Management Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
11 Bents Lane |
|
Dronfield |
|
Derbyshire |
|
S18 2EW |
