Gatehouse Mews Management Company Limited - Period Ending 2018-02-14

Registration number: 03924910

Gatehouse Mews Management Company Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 14 February 2018

Matthews Hanton Limited
Chartered Certified Accountants
93 Aldwick Road
Bognor Regis
West Sussex
PO21 2NW

Gatehouse Mews Management Company Limited

Profit and Loss Account for the Year Ended 14 February 2018

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 1

Gatehouse Mews Management Company Limited

(Registration number: 03924910)
Balance Sheet as at 14 February 2018

	Note	2018 £	2017 £
Current assets
Debtors	3	4	4
Creditors: Amounts falling due within one year	4	(1,052)	(1,052)
Net liabilities		(1,048)	(1,048)
Capital and reserves
Called up share capital	5	4	4
Profit and loss account		(1,052)	(1,052)
Total equity		(1,048)	(1,048)

For the financial year ending 14 February 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 10 September 2018 and signed on its behalf by:
 

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

Mr Andrew Miles Campbell
Director

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 2

Gatehouse Mews Management Company Limited

Notes to the Financial Statements for the Year Ended 14 February 2018

1	General information

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

The address of its registered office is:
93 Aldwick Road
Bognor Regis
West Sussex
PO21 2NX

These financial statements were authorised for issue by the Board on 10 September 2018.

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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 3

Gatehouse Mews Management Company Limited

Notes to the Financial Statements for the Year Ended 14 February 2018

3

Debtors

	2018 £	2017 £
Other debtors	4	4
	4	4

4

Creditors

	2018 £	2017 £
Due within one year
Accruals	1,052	1,052

5	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary of £1 each	4	4	4	4

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