Worle Management Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04728153 (England and Wales)

Unaudited Financial Statements for the Year Ended 23 June 2017

for

WORLE MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J D Wrench

REGISTERED OFFICE:

Pembroke House

15 Pembroke Road

Clifton

Bristol

BS8 3BA

REGISTERED NUMBER:

04728153 (England and Wales)

ACCOUNTANT:

Grahame J Harbour Limited

1 Windrush Road

Keynsham

Bristol

Avon

BS31 1QL

CURRENT ASSETS

Debtors

3

26,077

7,750

Cash at bank

27,777

94,744

53,854

102,494

CREDITORS

Amounts falling due within one year

4

40,283

40,212

NET CURRENT ASSETS

13,571

62,282

TOTAL ASSETS LESS CURRENT LIABILITIES

13,571

62,282

CREDITORS

Amounts falling due after more than one year

5

13,566

62,277

NET ASSETS

5

5

CAPITAL AND RESERVES

Called up share capital

5

5

SHAREHOLDERS' FUNDS

5

5

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 10 March 2018 and were signed by:

J D Wrench - Director

1.	STATUTORY INFORMATION

Worle Management Limited is a private company, limited by shares , 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

These 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. The financial statements have been prepared under the historical cost convention.

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 balance sheet date.

Deferred tax

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

Sinking fund

A sinking fund is held which sets aside funds for life cycle fabric maintenance as identified in the planned maintenance

schedule.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

23.6.17

23.6.16

£

£

HM Revenue and Customs

11,514

1,371

Other debtors

14,563

6,379

26,077

7,750

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

23.6.17

23.6.16

£

£

Other creditors

40,283

40,212

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

23.6.17

23.6.16

£

£

Provision for refurbishment re Sinking Fund

13,566

62,277

6.	RELATED PARTY DISCLOSURES

The buildings are held by the shareholders for investment purposes and underlet to occupational tenants. There were no

transactions between shareholders and the company.