Eran House Management Company Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06397880 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Eran House Management Company Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J E Bull

Mrs A D Quinn

REGISTERED OFFICE:

First Floor

7 Pillory Street

Nantwich

Cheshire

CW5 5BZ

REGISTERED NUMBER:

06397880 (England and Wales)

FIXED ASSETS

Intangible assets

4

1

1

CURRENT ASSETS

Debtors

5

400

1,308

Cash at bank

1,502

1,120

1,902

2,428

CREDITORS

Amounts falling due within one year

6

(1,898

)

(2,424

)

NET CURRENT ASSETS

4

4

TOTAL ASSETS LESS CURRENT LIABILITIES

5

5

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

1

1

SHAREHOLDERS' FUNDS

5

5

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 December 2017 and were signed on its behalf by:

Mrs J E Bull - Director

1.	STATUTORY INFORMATION

Eran House Management Company Limited ('The Company') is a management company.

The company is a private company limited by shares and is incorporated in England and Wales. The address of

the principle place of business is Eran House, 98 West Avenue, Rudheath, Northwich, CW9 7ET and the

registered office is First Floor,7 Pillory Street, Nantwich, Cheshire, CW5 5BZ . The registered number can be

found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

Theses financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the companies Act 2006. This is the first set of financial statements prepared by the company in

accordance with FRS 102 (Section 1A).

3.	ACCOUNTING POLICIES

Summary of significant accounting policies

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply

with the United Kingdom Accounting Standards and Companies Act 2006.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents amounts

receivable for services rendered, stated net of discounts and of Value Added Tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Freehold are being amortised evenly over their estimated useful life of nil years.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank

loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest,

and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted

amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective

evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the

Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Impairment of assets

Assets not measured at fair value are reviewed for any indications that the asset maybe impaired at each

statement of financial position date. If such indications exists the recoverable amount of the asset or the assets

cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its

recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the

impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the

appropriate heading.

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2016

and 31 March 2017

1

NET BOOK VALUE

At 31 March 2017

1

At 31 March 2016

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

934

Other debtors

2

2

Prepayments

398

372

400

1,308

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Directors' loan accounts

63

1,037

Accrued expenses

1,835

1,387

1,898

2,424

7.	TRANSITION TO FRS 102 (SECTION 1A)

The company has adopted FRS 102 (Section 1A) for the year ended 31 March 2017. No restatement of the

comparative prior year amounts has been required.