32_ST_JOHNS_ROAD_(EASTBOU - Accounts

The directors present their annual report and financial statements for the year ended 29 September 2017.

The principal activity of the Company is to hold the freehold reversionary interest of 32 St Johns Road, Eastbourne.

The day to day management and maintenance of the freehold property is delegated to a managing agent to perform.

In accordance with Tech Guidance 03/11 released by ICAEW in conjunction with ARMA and RICS Service Charge income and expenditure is recorded in separate annual Service Charge Accounts.

The Company does not trade and the only source of income is £25 per annum ground rent which is used towards meeting the cost of general company operating expenses.

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company with undertaking legal action for the recovery of service charges.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.

32 St Johns Road (Eastbourne) Management Company Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 7 Gildredge Road, Eastbourne, East Sussex, BN21 4RB.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.

For the year ended 29 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.