Lindsay Street Management Company Limited Company Accounts

LINDSAY STREET MANAGEMENT COMPANY LIMITED - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2016-07-01 Sage Accounts Production Advanced 2017 Update 2 - FRS xbrli:pure xbrli:shares iso4217:GBP 06285095 2016-07-01 2017-06-30 06285095 2017-06-30 06285095 2015-07-01 2016-06-30 06285095 2016-06-30 06285095 bus:RegisteredOffice 2016-07-01 2017-06-30 06285095 bus:LeadAgentIfApplicable 2016-07-01 2017-06-30 06285095 bus:Director1 2016-07-01 2017-06-30 06285095 core:WithinOneYear 2017-06-30 06285095 core:WithinOneYear 2016-06-30 06285095 core:ShareCapital 2017-06-30 06285095 core:ShareCapital 2016-06-30 06285095 bus:FRS102 2016-07-01 2017-06-30 06285095 bus:AuditExempt-NoAccountantsReport 2016-07-01 2017-06-30 06285095 bus:FullAccounts 2016-07-01 2017-06-30 06285095 bus:SmallCompaniesRegimeForAccounts 2016-07-01 2017-06-30 06285095 bus:PrivateLimitedCompanyLtd 2016-07-01 2017-06-30

COMPANY REGISTRATION NUMBER: 06285095

LINDSAY STREET MANAGEMENT COMPANY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 June 2017

LINDSAY STREET MANAGEMENT COMPANY LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2017

CONTENTS	PAGES

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3 to 4

LINDSAY STREET MANAGEMENT COMPANY LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

DIRECTOR	Ms J Hicks

REGISTERED OFFICE	Perfecta Works
	Bath Road
	Kettering
	United Kingdom
	NN16 8NQ

ACCOUNTANTS	Meadows & Co Limited
	Chartered Accountants
	Headlands House
	1 Kings Court
	Kettering Parkway
	Kettering
	NN15 6WJ

LINDSAY STREET MANAGEMENT COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

30 June 2017

	2017		2016
Note	£	£	£	£

CURRENT ASSETS

Debtors	4	10,111	10,488
Cash at bank and in hand		772	356
		--------	--------
		10,883	10,844

CREDITORS: amounts falling due within one year	5	10,783		10,744
		--------		--------
NET CURRENT ASSETS			100		100
			----		----
TOTAL ASSETS LESS CURRENT LIABILITIES			100		100
			----		----
NET ASSETS			100		100
			----		----

CAPITAL AND RESERVES

Called up share capital fully paid	100	100
	----	----
MEMBERS FUNDS	100	100
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 March 2018 , and are signed on behalf of the board by:

Ms J Hicks
Director

Company registration number: 06285095

LINDSAY STREET MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2017

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Perfecta Works, Bath Road, Kettering, NN16 8NQ, United Kingdom.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 July 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

4. DEBTORS

	2017	2016
	£	£
Trade debtors	6,798	10,188
Other debtors	3,313	300
	--------	--------
	10,111	10,488
	--------	--------

5. CREDITORS: amounts falling due within one year

	2017	2016
	£	£
Other creditors - Ground Rents	3,358	2,799
Other creditors - Maintenance reserve fund	–	1,497
Other creditors	7,425	6,448
	--------	--------
	10,783	10,744
	--------	--------

6. RELATED PARTY TRANSACTIONS

Property Angels Management Services Limited, a company in which Mrs J Hicks is also a director, charged property management services which amounted to £1,200 (2016 - £1,260).

7. TRANSITION TO FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 July 2015.

No transitional adjustments were required in equity or profit or loss for the year.