Abbreviated Company Accounts - ST. ANDREWS MANSIONS (DORSET STREET) MANAGEMENT COMPANY LIMITED

ST. ANDREWS MANSIONS (DORSET STREET) MANAGEMENT COMPANY LIMITED - Company Information

Registered Number 02291326

ST. ANDREWS MANSIONS (DORSET STREET) MANAGEMENT COMPANY LIMITED

Abbreviated Accounts

31 March 2014

ST. ANDREWS MANSIONS (DORSET STREET) MANAGEMENT COMPANY LIMITED Registered Number 02291326

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	83,643	83,643
		83,643	83,643
Current assets
Debtors		2,268	2,318
Cash at bank and in hand		5,743	5,252
		8,011	7,570
Creditors: amounts falling due within one year		(8,526)	(6,444)
Net current assets (liabilities)		(515)	1,126
Total assets less current liabilities		83,128	84,769
Creditors: amounts falling due after more than one year		(89,363)	(89,363)
Total net assets (liabilities)		(6,235)	(4,594)
Capital and reserves
Called up share capital		28	28
Profit and loss account		(6,263)	(4,622)
Shareholders' funds		(6,235)	(4,594)

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 November 2014

And signed on their behalf by:
J Saunders, Director

ST. ANDREWS MANSIONS (DORSET STREET) MANAGEMENT COMPANY LIMITED Registered Number 02291326

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total ground rents receivable and management fees from the lessees of the property.

Tangible assets depreciation policy
No depreciation was provided on freehold land and buildings. This treatment is a departure from the Companies Act 2006, which requires all fixed to be depreciated. However the directors consider that the calculations of systematic annual depreciation would fail to give a true and fair view of freehold land and buildings for which the current value, and changes in that value are of prime importance. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 April 2013	83,643
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	83,643
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	83,643
At 31 March 2013	83,643