| The Quayside (Shoreham) Management Company Ltd |
| Registered number: |
05306520 |
| Directors' Report |
|
| The directors present their report and accounts for the year ended 31 August 2018. |
|
| Principal activities |
| The company's principal activity during the year continued to be that of the management and administration , on a non profit making basis, of the communal areas of the development on behalf of the property. |
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| Directors |
| The following persons served as directors during the year: |
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|
E R Cotter |
|
Mrs E Ripley |
|
S F J Tucker |
|
| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| This report was approved by the board on 17 September 2018 and signed on its behalf. |
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|
|
|
|
| E R Cotter |
| Director |
|
| The Quayside (Shoreham) Management Company Ltd |
| Accountants' Report |
|
|
| Accountants' report to the directors of |
| The Quayside (Shoreham) Management Company Ltd |
|
| You consider that the company is exempt from an audit for the year ended 31 August 2018. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
| Albion Accounting and Taxation Services Ltd |
| Chartered Certified Accountants |
|
| 35 Roman Avenue |
| Angmering |
| Littlehampton |
| West Sussex |
| BN16 4GH |
|
| 17 September 2018 |
|
| The Quayside (Shoreham) Management Company Ltd |
| Registered number: |
05306520 |
| Balance Sheet |
| as at 31 August 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Current assets |
| Debtors |
2 |
|
597 |
|
|
579 |
| Cash at bank and in hand |
|
|
36,359 |
|
|
35,091 |
|
|
|
36,956 |
|
|
35,670 |
|
| Creditors: amounts falling due within one year |
3 |
|
(13,658) |
|
|
(17,511) |
|
| Net current assets |
|
|
|
23,298 |
|
|
18,159 |
|
| Net assets |
|
|
|
23,298 |
|
|
18,159 |
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|
|
|
|
|
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| Capital and reserves |
| Reserves |
|
|
|
23,298 |
|
|
18,159 |
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| Shareholder's funds |
|
|
|
23,298 |
|
|
18,159 |
|
|
|
|
|
|
|
|
| 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 member has 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 and delivered 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. |
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|
|
|
| E R Cotter |
| Director |
| Approved by the board on 17 September 2018 |
|
| The Quayside (Shoreham) Management Company Ltd |
| Notes to the Accounts |
| for the year ended 31 August 2018 |
|
|
| 1 |
Accounting policies |
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|
Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
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Turnover represents maintenace charges receivable and contributions to the reserve fund. |
|
|
Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice 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 |
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Short term creditors are measured at transaction price (which is usually the invoice 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 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Prepayments |
597 |
|
579 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Monies held on behalf of tenants |
12,271 |
|
16,114 |
|
Other creditors |
1,387 |
|
1,397 |
|
|
|
|
|
|
13,658 |
|
17,511 |
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| 4 |
Other information |
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The Quayside (Shoreham) Management Company Ltd is a private company limited by guarantee and incorporated in England. Its registered office is: |
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35 Roman Avenue |
|
Angmering |
|
Littlehampton |
|
West Sussex |
|
BN16 4GH |
|
| 5 |
Reserves |
|
|
An amount of £6,000 was collected during the year towards reserves and is included in the |
|
sum of £29,863 collected. £861 was used against current years expenditure and £5,139 |
|
transferred to reserves. |
