Osborne Close Management Company Limited - Accounts to registrar (filleted) - small 17.3
Osborne Close Management Company Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2017 |
| for |
| Osborne Close Management Company Limited |
| Osborne Close Management Company Limited (Registered number: 06693395) |
| Contents of the Financial Statements |
| for the year ended 30 September 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 3 |
| Notes to the Financial Statements | 5 |
| Osborne Close Management Company Limited |
| Company Information |
| for the year ended 30 September 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| Osborne Close Management Company Limited |
| Company Information |
| for the year ended 30 September 2017 |
| ACCOUNTANTS: |
| Chartered Accountants |
| Emstrey House |
| Shrewsbury Business Park |
| Shrewsbury |
| Shropshire |
| SY2 6LG |
| Osborne Close Management Company Limited (Registered number: 06693395) |
| Statement of Financial Position |
| 30 September 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 3 | ( |
) |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Road Fund Contingency Fund | 5 |
| Insurance reserve | 5 |
| General contingency fund | 5 |
| Osborne Close Management Company Limited (Registered number: 06693395) |
| Statement of Financial Position - continued |
| 30 September 2017 |
| 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 surplus or deficit 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. |
| 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 on its behalf by: |
| Osborne Close Management Company Limited (Registered number: 06693395) |
| Notes to the Financial Statements |
| for the year ended 30 September 2017 |
| 1. | STATUTORY INFORMATION |
| Osborne Close Management Company Limited is a |
| registered in England and Wales. The company's registered number and registered office address |
| can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| 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. |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors | ( |
) |
| Other debtors |
| ( |
) |
| Osborne Close Management Company Limited (Registered number: 06693395) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2017 |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Other creditors |
| 5. | RESERVES |
| Income |
| and | Road Fund | General |
| expenditure | Contingency | Insurance | contingency |
| account | Fund | reserve | fund | Totals |
| £ | £ | £ | £ | £ |
| At 1 October 2016 | 3,927 |
| Surplus for the year |
| Reserve movement | - | 1,400 | - | 224 | 1,624 |
| At 30 September 2017 | 5,551 |
| 6. | FIRST YEAR ADOPTION |
| These are the first financial statements that comply with FRS 102. The company transitioned to FRS |
| 102 on 1st October 2015. |
| Reconciliation of equity |
| No transitional adjustments were required. |
| Reconciliation of profit or loss for the year |
| No transitional adjustments were required. |