| The 122 Management Company Limited |
| Registered number: |
02662256 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Current assets |
| Debtors |
|
|
4,115 |
|
|
3,275 |
| Cash at bank and in hand |
|
|
500 |
|
|
571 |
|
|
|
4,615 |
|
|
3,846 |
|
| Creditors: amounts falling due within one year |
|
|
(510) |
|
|
(840) |
|
| Net current assets |
|
|
|
4,105 |
|
|
3,006 |
|
| Net assets |
|
|
|
4,105 |
|
|
3,006 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
16 |
|
|
16 |
| Profit and loss account |
|
|
|
4,089 |
|
|
2,990 |
|
| Shareholders' funds |
|
|
|
4,105 |
|
|
3,006 |
|
|
|
|
|
|
|
|
| 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. |
| 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 provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Dr H McGovern |
| Director |
| Approved by the board on 21 December 2014 |
|
| The 122 Management Company Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents service charges and transfer charges receivable. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
55 |
|
At 31 March 2014 |
55 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2013 |
55 |
|
At 31 March 2014 |
55 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
- |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
16 |
|
16 |
|
16 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Dr H McGovern |
|
Service charges due |
140 |
|
- |
|
- |
|
140 |
|
|
Mr D Thalia-Smith |
|
Service charges due |
175 |
|
- |
|
- |
|
175 |
|
|
|
315 |
|
- |
|
- |
|
315 |
|
|
|
|
|
|
|
|
|
