Charlton Bedford Limited Company Accounts

Charlton Bedford Limited Company Accounts

CHARLTON BEDFORD LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05391143
Charlton Bedford Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
28 September 2017
Charlton Bedford Limited
Company Limited by Guarantee
Financial Statements
Year ended 28 September 2017
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3 to 4
Charlton Bedford Limited
Company Limited by Guarantee
Officers and Professional Advisers
The board of directors
Mr J Charlton
Mr R Charlton
Company secretary
Mr R Charlton
Registered office
40 Kimbolton Road
Bedford
MK40 2NR
Accountants
Collett Hulance LLP
Chartered Certified Accountants
40 Kimbolton Road
Bedford
MK40 2NR
Bankers
Lloyds TSB Bank Plc
Thavies Inn House
6 Holborn Circus
London
EC1N 2HP
Charlton Bedford Limited
Company Limited by Guarantee
Statement of Financial Position
28 September 2017
2017
2016
Note
£
£
£
Current assets
Debtors
5
3,053
7,315
Cash at bank and in hand
8,340
1,359
--------
-------
11,393
8,674
Creditors: amounts falling due within one year
6
11,392
8,674
--------
-------
Net current assets
1
–
----
----
Total assets less current liabilities
1
–
----
----
Net assets
1
–
----
----
Capital and reserves
Profit and loss account
1
–
----
----
Members funds
1
–
----
----
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 28 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 20 April 2018 , and are signed on behalf of the board by:
Mr J Charlton
Director
Company registration number: 05391143
Charlton Bedford Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 28 September 2017
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 40 Kimbolton Road, Bedford, MK40 2NR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, '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 29 September 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
Revenue recognition
Turnover represents service charges receivable from the residential lessees.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Company limited by guarantee
The company is limited by guarantee and therefore does not have any share capital. The property freeholder and all of the flat leaseholders are eligible to be members of the company. The liability of each member is limited to £1.
5. Debtors
2017
2016
£
£
Trade debtors
1,020
5,100
Other debtors
2,033
2,215
-------
-------
3,053
7,315
-------
-------
6. Creditors: amounts falling due within one year
2017
2016
£
£
Other creditors
11,392
8,674
--------
-------
7. Related party transactions
During the year Mr J Charlton was paid management fees of £2,160 (2016: £1,800) for his services to the company as managing agent.
8. Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 29 September 2015.
No transitional adjustments were required in equity or profit or loss for the year.