| Foxglades Management Company Limited |
| Registered number: |
02273462 |
| Balance Sheet |
| as at 31 March 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Current assets |
| Debtors |
2 |
|
3,363 |
|
|
425 |
| Cash at bank and in hand |
|
|
1,768 |
|
|
985 |
|
|
|
5,131 |
|
|
1,410 |
|
| Creditors: amounts falling due within one year |
3 |
|
(4,061) |
|
|
(923) |
|
| Net current assets |
|
|
|
1,070 |
|
|
487 |
|
| Net assets |
|
|
|
1,070 |
|
|
487 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
1,070 |
|
|
487 |
|
| Shareholder's funds |
|
|
|
1,070 |
|
|
487 |
|
|
|
|
|
|
|
|
| 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 member has 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. |
|
|
|
|
| Mrs. J.F. Phipps |
| Director |
| Approved by the board on 14 October 2017 |
|
| Foxglades Management Company 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 |
|
Turnover is measured at the fair value of the service charge consideration received or receivable from members. |
|
|
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. |
|
|
Taxation |
|
The company falls within the definition of a mutual company and is not liable to corporation tax on it's income. |
|
|
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 |
| £ |
£ |
|
|
Trade debtors |
3,000 |
|
- |
|
Prepayments |
|
|
|
|
363 |
|
425 |
|
|
|
|
|
|
3,363 |
|
425 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
142 |
|
52 |
|
Accruals |
|
|
|
|
319 |
|
321 |
|
Tenants contributions in advance |
|
|
|
|
3,600 |
|
550 |
|
|
|
|
|
|
4,061 |
|
923 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Members liabilities |
|
|
The liability of the members of the company is limited by guarantee to £1 each whilst they are a member or within one year after they cease to be a member. |
|
|
| 5 |
Related parties |
|
|
There were no material transactions between the Company and it's related parties during the year. |
|
|
| 6 |
Other information |
|
|
Foxglades Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
c/o SBA Bureau Services Limited |
|
10 Cheshire Road |
|
Thame |
|
Oxon |
|
OX9 3LQ |
