| Courtland Property Management Limited |
| Registered number: |
04015954 |
| Statement of Financial Position |
| as at 30 September 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
319,093 |
|
|
319,093 |
|
| Current assets |
| Debtors |
3 |
|
6,789 |
|
|
5,759 |
| Cash at bank and in hand |
|
|
164,306 |
|
|
148,762 |
|
|
|
171,095 |
|
|
154,521 |
|
| Creditors: amounts falling due within one year |
4 |
|
(5,580) |
|
|
(7,238) |
|
| Net current assets |
|
|
|
165,515 |
|
|
147,283 |
|
| Net assets |
|
|
|
484,608 |
|
|
466,376 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
72 |
|
|
72 |
| Share premium |
|
|
|
352,576 |
|
|
352,576 |
| Revaluation reserve |
5 |
|
|
26,183 |
|
|
26,183 |
| Profit and loss account |
|
|
|
105,777 |
|
|
87,545 |
|
| Shareholders' funds |
|
|
|
484,608 |
|
|
466,376 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| DP Whitehead |
| Director |
| Approved by the board on 30 May 2018 |
|
| Courtland Property Management Limited |
| Notes to the Accounts |
| for the year ended 30 September 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared in accordance with the provisions of the lease and have been prepared on the accruals basis. |
|
|
Income |
|
Income represents the value, of service charges due from residents during the period. Where residents pay in advance these advance charges are shown under creditors. Where residents are late paying the service charges these are shown as debtors. |
|
|
Service charge bank account |
|
All service charge monies are kept in a designated bank account with NatWest Bank. |
|
|
Financial Reporting |
|
The company holds the service charges on trust on behalf of the residents. The directors deal with the day to day management of the company. Consequently, the company does not report the service charge income as part of its own income and expenditure, but accounts for it separately. The company submits its own dormant accounts showing no activity. |
|
|
General Reserve |
|
The Directors make provision each year for the general dilapidations of the common parts by transfer to the capital reserve. In due course the dilapidations will require remedial works and this prudent approach is made to ensure sufficient funds are available to meet the liability as it arises. |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 October 2016 |
319,093 |
|
At 30 September 2017 |
319,093 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 September 2017 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2017 |
319,093 |
|
At 30 September 2016 |
319,093 |
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
1,315 |
|
1,023 |
|
Prepayments |
5,474 |
|
4,736 |
|
|
|
|
|
|
6,789 |
|
5,759 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
404 |
|
2 |
|
Accruals |
1,950 |
|
2,590 |
|
Corporation tax |
3 |
|
1,509 |
|
Service charges in advance |
3,223 |
|
3,137 |
|
|
|
|
|
|
5,580 |
|
7,238 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Revaluation reserve |
2017 |
|
2016 |
| £ |
£ |
|
|
At 1 October 2016 |
26,183 |
|
26,183 |
|
|
At 30 September 2017 |
26,183 |
|
26,183 |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Courtland Property Management Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
269 Farnborough Road |
|
Farnborough |
|
Hampshire |
|
GU14 7LY |
