Omega Court Management Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02281018 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

OMEGA COURT MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L W Davies

J A B Short

J R T Gaunt

S Renshaw-Smith

C McBoyle

K Doherty

T Siddique

G K Day

D S Hinchliffe

T S Ralston

SECRETARY:

L W Davies

REGISTERED OFFICE:

Fowler Sandford

8 St James Street

SHEFFIELD

S1 1XN

REGISTERED NUMBER:

02281018 (England and Wales)

AUDITORS:

Hollis and Co Limited

Chartered Accountants

Statutory Auditor

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

CURRENT ASSETS

Debtors

4

10,977

10,712

Cash at bank

34,086

39,176

45,063

49,888

CREDITORS

Amounts falling due within one year

5

2,680

2,737

NET CURRENT ASSETS

42,383

47,151

TOTAL ASSETS LESS CURRENT LIABILITIES

42,383

47,151

CAPITAL AND RESERVES

Called up share capital

14

14

Retained earnings

42,369

47,137

SHAREHOLDERS' FUNDS

42,383

47,151

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.

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 3 September 2018 and were signed on its behalf by:

L W Davies - Director

1.	STATUTORY INFORMATION

Omega Court Management Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents service charges receivable in respect of the year, excluding value added tax.

Service charges are invoiced in advance twice per annum. These are estimated and based on anticipated

expenditure. Where actual expenditure is less than service charges invoiced this surplus is reflected as a profit in

the accounts. These profits are only available to reduce future service charges.

Taxation

The company's business consists exclusively of trading between itself and members. Under these circumstances

the company's trading profits are exempt from corporation tax. Interest received remains taxable as this does not

arise from the mutual trading activities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,500

1,500

Other debtors

9,477

9,212

10,977

10,712

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

-

2

Other creditors

2,680

2,735

2,680

2,737

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Hollis (Senior Statutory Auditor)

for and on behalf of Hollis and Co Limited

7.	TRANSACTIONS WITH DIRECTORS AND RELATED PARTIES

The nature of the company is that it trades exclusively with its members and the tenants of Omega Court who are

all obliged to become members of the company.

As a consequence, the whole of the reported turnover is derived from tenants of Omega Court, all of which are

members of the company. Also the trade debtors as shown in note 4 are due from members of the company.