Western Mansions Management Limited - Period Ending 2017-12-31

Registration number: 02373056

Western Mansions Management Limited

Unaudited Financial Statements

for the Year Ended 31 December 2017

Western Mansions Management Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 5

Western Mansions Management Limited

Company Information

Directors

Miss E A Parsons Ms C R L Spalding-Vidal Mr D J Smith

Company secretary

Miss E L B Garner

Registered office

C/O Saturley Garner & Co Ltd Office 3, Pure Offices Pastures Avenue, St Georges Weston-super-Mare North Somerset BS22 7SB

Accountants

Four Fifty Partnership Chartered Accountants 34 Boulevard Weston-super-Mare Somerset BS23 1NF

Page 1

Western Mansions Management Limited

(Registration number: 02373056)
Balance Sheet as at 31 December 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets		648	648
Current assets
Debtors		9	9
Creditors: Amounts falling due within one year		(648)	(648)
Net current liabilities		(639)	(639)
Net assets		9	9
Capital and reserves
Called up share capital		9	9
Total equity		9	9

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 2

Western Mansions Management Limited

(Registration number: 02373056)
Balance Sheet as at 31 December 2017

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 4 September 2018 and signed on its behalf by:
 

.........................................

Ms C R L Spalding-Vidal
Director

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 3

Western Mansions Management Limited

Notes to the Financial Statements for the Year Ended 31 December 2017

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of these accounts is Pound Sterling (£).

Contractual commitments

The company contracts with third parties in its own name for the supply of services to the property for maintenance of the common parts in accordance with the terms of the lease. At 31 December 2017 the company had not entered into any non-cancellable contractual commitments. (2016 Non-contractual commitment to the sun of £Nil).

Residential property trust

The company has no income or expenditure in its own right. All transactions in the year relate to the maintenance of the common parts in accordance with the lease. Income and expenditure arising from these transactions are shown in separate service charge accounts for the property, they do not form part of the annual accounts of the company and are not filed at Companies House. All service charge monies received from the residents of the property are held on trust for the residents. At the balance sheet date, the monies held in trust for future maintenance of the aforementioned property amount to £4,680 (2016 - £2,671).

Page 4

Western Mansions Management Limited

Notes to the Financial Statements for the Year Ended 31 December 2017

2	Accounting policies (continued)

Tangible assets

Freehold property represents a notional value assigned to the freehold of the property that the company manages. The directors consider that it is not necessary to depreciate this value as any movement is not material.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2016 - 0).

4	Related party transactions

Summary of transactions with other related parties

Included in the other debtors is £9 (2016:£9) held in trust bank account on behalf of the company. Included in other creditors is £648 (2016:£648) which relates to the value of the freehold property, that is due to the trust account upon winding up of the company, if and when that occurs.

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