Yalding Watermill Management Association - Accounts to registrar (filleted) - small 18.1

Yalding Watermill Management Association - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 02440532 (England and Wales)















Financial Statements for the Year Ended 31 March 2018

for

Yalding Watermill Management Association
Limited

Yalding Watermill Management Association
Limited (Registered number: 02440532)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Yalding Watermill Management Association
Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: I Greig
R H Oldfield
P G Tweddle





SECRETARY: R H Oldfield





REGISTERED OFFICE: 1 The Watermill
Yalding
Kent
ME18 6DY





REGISTERED NUMBER: 02440532 (England and Wales)

Yalding Watermill Management Association
Limited (Registered number: 02440532)

Abridged Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,000 100,000

CURRENT ASSETS
Debtors 15 15
Cash at bank 113 416
128 431
CREDITORS
Amounts falling due within one year 234 394
NET CURRENT (LIABILITIES)/ASSETS (106 ) 37
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,894

100,037

CREDITORS
Amounts falling due after more than one
year

(30,000

)

(30,000

)

PROVISIONS FOR LIABILITIES (13,300 ) (13,300 )
NET ASSETS 56,594 56,737

Yalding Watermill Management Association
Limited (Registered number: 02440532)

Abridged Balance Sheet - continued
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 5 56,700 56,700
Retained earnings (1,106 ) (963 )
SHAREHOLDERS' FUNDS 56,594 56,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 September 2018 and were signed on
its behalf by:





R H Oldfield - Director


Yalding Watermill Management Association
Limited (Registered number: 02440532)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Yalding Watermill Management Association Limited 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.

Turnover
Turnover consists of contributions from the shareholders of £1,363 (2017 - £500) towards expenses
incurred.

Tangible fixed assets
No depreciation is provided on the cost of the freehold property on the basis that it relates to land and
not buildings.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 3 ).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017
and 31 March 2018 100,000
NET BOOK VALUE
At 31 March 2018 100,000
At 31 March 2017 100,000

Freehold land was valued on a fair value basis by the directors on 31 March 2018.

5. RESERVES
Fair
value
reserve
£   
At 1 April 2017
and 31 March 2018 56,700