The Cooperage Management Company Ltd - Limited company accounts 18.1.1

REGISTERED NUMBER: 03339126 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2017

FOR

THE COOPERAGE MANAGEMENT COMPANY LTD

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

P W Bigge

SECRETARY:

P W Bigge

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

03339126 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

The director presents his report with the financial statements of the company for the year ended 30th September 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the management, on a non-profit making

basis, of The Cooperage Estate, in Nottingham.

DIRECTOR

P W Bigge held office during the whole of the period from 1st October 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

P W Bigge - Director

10th May 2018

INCOME

33,283

31,877

Service charge expenditure

31,185

32,149

OPERATING PROFIT/(LOSS)

2,098

(272

)

Interest receivable and similar income

4

13

PROFIT/(LOSS) BEFORE TAXATION

2,102

(259

)

Tax on profit/(loss)

3

1

3

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

2,101

(262

)

FIXED ASSETS

Tangible assets

4

1,639

CURRENT ASSETS

Debtors

5

34,489

29,228

CREDITORS

Amounts falling due within one year

6

8,577

8,316

NET CURRENT ASSETS

25,912

20,912

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,551

22,551

PROVISIONS FOR LIABILITIES

7

27,518

22,518

NET ASSETS

33

CAPITAL AND RESERVES

Called up share capital

8

33

SHAREHOLDERS' FUNDS

33

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 1st June 2018 and were signed by:

P W Bigge - Director

1.	STATUTORY INFORMATION

The Cooperage Management Company Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements are the first which the company has prepared in accordance with the provisions of

Financial Reporting Standard 102 (FRS 102), including those of Section 1A relating to "Small Entities". The

transition to FRS 102 has had no effect on any item included within the opening balance sheet of the comparative

period at 1st October 2015, the income statement for the comparative period ended 30th September 2016 or the

closing balance sheet of the comparative period at 30th September 2016.

Income

During the year,the company recived monies, as agent, from lessees in respect of service charges and related

income, which are held on trust and do not comprise turnover.

Tangible fixed assets

Freehold land and buildings are included in these financial statements at director's valuation which reflects

diminution in value due to the granting of leases. For this reason the director considers that it is inappropriate to

charge depreciation on the remaining value of the freehold land and buildings. Furthermore, the director

considers the residential value of the freehold land and buildings in fifty years time would not be less that its

current value.

Presentation of the income statement

The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company

accounts in order to provide more information to lessees and other parties who may be interested in the

expenditure incurred in the management of the property.

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

30/9/17

30/9/16

£

Current tax:

UK corporation tax

1

3

Tax on profit/(loss)

1

3

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1st October 2016

and 30th September 2017

1,639

NET BOOK VALUE

At 30th September 2017

1,639

At 30th September 2016

1,639

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/17

30/9/16

£

Trade debtors

1,451

585

Sundry Debtors

-

113

Bank Balances held by Managing Agents

27,383

24,429

Prepayments

5,655

4,101

34,489

29,228

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/17

30/9/16

£

Trade creditors

4,277

7,251

Service Charge Surplus

1,988

-

Accrued expenses

2,312

1,065

8,577

8,316

7.	PROVISIONS FOR LIABILITIES

30/9/17

30/9/16

£

Other provisions

Reserve Fund for Future Maintenance

27,518

22,518

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/17

30/9/16

value:

£

33

Ordinary shares

£1

33

9.

RESERVES

Retained

earnings

£

Profit for the year

2,101

Transfer (to)/from Reserve Fund

(2,101

)

At 30th September 2017

-

10.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 30th September 2017 (2016 - none).

11.	CAPITAL COMMITMENTS

30/9/17

30/9/16

£

Contracted but not provided for in the

financial statements

-

12.	RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such received income in the form of service charge from

residents, some of who are directors of the company. Service charges payable by the directors are on the same

basis as for all the other residents. No other transactions with related parties were undertaken such as required to

be disclosed under the FRS 102.