Church Street (West Hanney) Management Company - Period Ending 2017-12-31
Church Street (West Hanney) Management Company - Period Ending 2017-12-31
Registration number:
Church Street (West Hanney) Management Company
for the Year Ended 31 December 2017
Chartered Certified Accountants
1B Bassaleg Road
Newport
Gwent
NP20 3EB
Church Street (West Hanney) Management Company
Contents
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Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Balance Sheet |
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Notes to the Financial Statements |
Church Street (West Hanney) Management Company
Company Information
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Directors |
Mr N Bennett Mrs C J Clayton Mr P W Mobbs Mr J Atkins Ms K A Atkins |
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Registered office |
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Accountants |
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Page 1 |
Church Street (West Hanney) Management Company
Directors' Report for the Year Ended 31 December 2017
The directors present their report and the financial statements for the year ended 31 December 2017.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is Residents property management
Small companies provision statement
This report has 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.
Approved by the Board on
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Mr N Bennett
Director
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Mrs C J Clayton
Director
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Mr P W Mobbs
Director
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Mr J Atkins
Director
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Page 2 |
Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Church Street (West Hanney) Management Company
for the Year Ended 31 December 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Church Street (West Hanney) Management Company for the year ended 31 December 2017 as set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
This report is made solely to the Board of Directors of Church Street (West Hanney) Management Company , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Church Street (West Hanney) Management Company and state those matters that we have agreed to state to the Board of Directors of Church Street (West Hanney) Management Company , as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Church Street (West Hanney) Management Company and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Church Street (West Hanney) Management Company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Church Street (West Hanney) Management Company . You consider that Church Street (West Hanney) Management Company is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Church Street (West Hanney) Management Company . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Certified Accountants
Newport
Gwent
NP20 3EB
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Page 3 |
Church Street (West Hanney) Management Company
Profit and Loss Account for the Year Ended 31 December 2017
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Note |
Total |
Total |
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Turnover |
- |
- |
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Administrative expenses |
( |
( |
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Other operating income |
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Operating (deficit)/surplus |
( |
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(Deficit)/surplus before tax |
( |
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(Deficit)/surplus for the financial year |
( |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
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Page 4 |
Church Street (West Hanney) Management Company
(Registration number: 07792550)
Balance Sheet as at 31 December 2017
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Note |
2017 |
2016 |
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Current assets |
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Cash at bank and in hand |
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Capital and reserves |
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Profit and loss account |
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Total equity |
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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:
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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.
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Page 5 |
Church Street (West Hanney) Management Company
(Registration number: 07792550)
Balance Sheet as at 31 December 2017
Approved and authorised by the
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Mr N Bennett
Director
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Mrs C J Clayton
Director
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Mr P W Mobbs
Director
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Mr J Atkins
Director
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Page 6 |
Church Street (West Hanney) Management Company
Notes to the Financial Statements for the Year Ended 31 December 2017
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General information |
The company is a company limited by guarantee incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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Page 7 |
Church Street (West Hanney) Management Company
Detailed Profit and Loss Account for the Year Ended 31 December 2017
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2017 |
2016 |
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Turnover (analysed below) |
- |
- |
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Administrative expenses |
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Establishment costs (analysed below) |
(295) |
(294) |
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General administrative expenses (analysed below) |
(137) |
(23) |
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(432) |
(317) |
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Other operating income (analysed below) |
400 |
480 |
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Operating (deficit)/surplus |
(32) |
163 |
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(Deficit)/surplus before tax |
(32) |
163 |
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Page 8 |
Church Street (West Hanney) Management Company
Detailed Profit and Loss Account for the Year Ended 31 December 2017
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2017 |
2016 |
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Establishment costs |
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Insurance |
(295) |
(294) |
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General administrative expenses |
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Sundry expenses |
- |
(10) |
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Legal Fees |
(124) |
- |
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Legal and professional fees |
(13) |
(13) |
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(137) |
(23) |
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Other operating income |
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Other operating income |
400 |
400 |
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Exceptional income |
- |
80 |
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400 |
480 |
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Page 9 |