The Point(Western Esplanade) Management Company Limited
The Point(Western Esplanade) Management Company Limited
Registered number: 08769589
Unaudited Financial Statements
For The Year Ended 30 November 2017
Kent Coast Accounts Ltd
Certified Public Accountants
39 Brooke Avenue
Margate
Kent
CT9 5NG
The Point(Western Esplanade) Management Company Limited
Unaudited Financial Statements
For The Year Ended 30 November 2017
Unaudited Financial Statements
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| Page | |
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| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
The Point(Western Esplanade) Management Company Limited
Balance Sheet
As at
30 November 2017
Balance Sheet
Registered number:
08769589
For the year ending 30 November 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 2 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 3 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| Income and Expenditure Account |
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| MEMBERS' FUNDS | 8,606 | 6,857 | |||
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
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The notes on page 2 form part of these financial statements.
Page 1
The Point(Western Esplanade) Management Company Limited
Notes to the Unaudited Accounts
For The Year Ended 30 November 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Going Concern Disclosure
The directors believe that the going concern basis is not appropriate as the company is not a trading company and exists solely for the collection of service charges for the upkeep and maintenance of the freehold building.
1.3.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added tax.
1.4.
Cash at bank
Cash at bank includes the following:-
Bank current account £2,793.14
Reserve Account £3,755.35
Total £6,548.49
2.
Debtors
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| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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| Other debtors |
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Included with debtors within 1 year includes the following:-
Prepayments which includes insurance, gate maint, management fees, lift maint and light and heat.
3.
Creditors: Amounts Falling Due Within One Year
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| £ | £ | ||
| Accruals and deferred income |
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4.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
5.
Ultimate Controlling Party Not Known
The company's ultimate controlling party is unknown.
6.
General Information
The Point(Western Esplanade) Management Company Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 08769589 . The registered office is C/O Cockett Henderson, 133 High Street, Broadstairs, Kent, CT10 1NG.
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