235 Stoke Newington Church Street Manage - Accounts to registrar (filleted) - small 17.3
235 Stoke Newington Church Street Manage - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
235 STOKE NEWINGTON CHURCH STREET |
MANAGEMENT COMPANY LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
235 STOKE NEWINGTON CHURCH STREET |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 05486210) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
235 STOKE NEWINGTON CHURCH STREET |
MANAGEMENT COMPANY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
First Floor |
94 Stamford Hill |
London |
N16 6XS |
235 STOKE NEWINGTON CHURCH STREET |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 05486210) |
BALANCE SHEET |
30 JUNE 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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 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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors on behalf by: |
235 STOKE NEWINGTON CHURCH STREET |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 05486210) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
1. | STATUTORY INFORMATION |
235 Stoke Newington Church Street 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. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on the historical cost basis, as modified to include |
investment properties measured at fair value through profit or loss. |
First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 30 June 2017 are the first that are prepared in |
accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance |
with UK GAAP, the date of transition to FRS 102 Section 1A is 1 July 2015. |
Significant judgements and estimates |
In the application of the company's accounting policies, the directors are required to make judgements, |
estimates and assumptions about the carrying amounts of assets and liabilities that are not readily |
apparent from other sources. The estimates and associated assumptions are based on historical |
experience and other factors that are considered to be relevant. The estimates and underlying |
assumptions are reviewed on an ongoing basis. |
Turnover |
Turnover is recognised at the fair value of the consideration receivable in respect of services provided |
in the normal course of business. The turnover of the company is represented by rents and charges |
receivable in respect of the company's investment portfolio. Rental income is accounted for on an |
accruals basis. |
Investment property |
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially |
recorded at cost, which includes purchase price and any directly attributable expenditure. |
Investment property is revalued to its fair value at each reporting date and any changes in fair value |
are recognised in profit or loss. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2016 - NIL). |
235 STOKE NEWINGTON CHURCH STREET |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 05486210) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2017 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2016 |
and 30 June 2017 |
NET BOOK VALUE |
At 30 June 2017 |
At 30 June 2016 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
The company is controlled by its shareholders. The company is run for the benefit of its members only. |
8. | FIRST YEAR ADOPTION |
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. |