ACCOUNTS - Final Accounts

GATEWAY RUGBY MANAGEMENT COMPANY LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-12-312017-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2017-01-01 08822680 2017-01-01 2017-12-31 08822680 2017-12-31 08822680 2016-12-31 08822680 c:Director3 2017-01-01 2017-12-31 08822680 d:CurrentFinancialInstruments 2017-12-31 08822680 d:CurrentFinancialInstruments 2016-12-31 08822680 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 08822680 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 08822680 c:FRS102 2017-01-01 2017-12-31 08822680 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 08822680 c:FullAccounts 2017-01-01 2017-12-31 08822680 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 iso4217:GBP

Registered number: 08822680

GATEWAY RUGBY MANAGEMENT COMPANY LIMITED

(A company limited by guarantee)

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2017

GATEWAY RUGBY MANAGEMENT COMPANY LIMITED

(A company limited by guarantee)

REGISTERED NUMBER: 08822680

BALANCE SHEET

AS AT 31 DECEMBER 2017

		2017		2016
Note		£		£


Current assets
Debtors: amounts falling due within one year	3	5,440		13,563
Cash at bank and in hand		54,774		28,953
		60,214		42,516
Creditors: amounts falling due within one year	4	(60,214)		(42,516)
Net current assets			-		-
Total assets less current liabilities			-		-

Net assets			-		-

Capital and reserves
	-	-

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 May 2018.

A J Hollinshead

Director

The notes on pages 2 to 3 form part of these financial statements.

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GATEWAY RUGBY MANAGEMENT COMPANY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

1.	General information

Gateway Rugby Management Company Limited is a private company limited by guarantee incorporated and domiciled in England. The registered office is shown on the Company Information page. The financial statements are prepared in sterling. The financial statements are for a period of 52 weeks ended 31 December 2017 (2016: 52 weeks ended 31 December 2016).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Service charge income

Service charge income represents maintenance, management and administration costs recoverable from owners or occupiers of units on the site, exclusive of Value Added Tax. Amounts are charged quarterly on account and any surplus or deficit are refunded or recharged to the relevant parties.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.4

Creditors

Short term creditors are measured at the transaction price.

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GATEWAY RUGBY MANAGEMENT COMPANY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Debtors

					2017	2016
					£	£


Trade debtors	934	9,070
Other debtors	-	2,303
Prepayments and accrued income	4,506	2,190
	5,440	13,563

4.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Trade creditors	3,696	3,846
Other taxation and social security	1,454	-
Service charge surplus due back to tenants	49,248	35,149
Accruals and deferred income	5,816	3,521
	60,214	42,516


5.	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

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