Guthrum Close Management Company Limited - Accounts to registrar (filleted) - small 18.2

GUTHRUM CLOSE MANAGEMENT COMPANY LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms A M Mahon

G Paszkowski

Miss L Williams

N P Dunn

REGISTERED OFFICE:

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

REGISTERED NUMBER:

01806419 (England and Wales)

ACCOUNTANTS:

Haslehursts Limited

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

FIXED ASSETS

Tangible assets

3

10

10

CURRENT ASSETS

Cash at bank

5

5

TOTAL ASSETS LESS CURRENT LIABILITIES

15

15

CAPITAL AND RESERVES

Called up share capital

4

15

15

SHAREHOLDERS' FUNDS

15

15

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.

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 10 September 2018 and were signed on its behalf by:

Ms A M Mahon - Director

1.	STATUTORY INFORMATION

Guthrum Close 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

The directors consider that the freehold interest is maintained in such a state of repair that its residual

value is at least equal to its net book value. As a result, the corresponding depreciation would not be

material and therefore is not charged in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Depreciation

No depreciation is provided on the freehold reversionary interest and in this respect the financial

statements do not comply with FRS 102 Section 1A or the Companies Act 2006 which require the

building element of this asset to be depreciated. If depreciation had been provided at 2% per annum

straight line on the total cost of land and buildings the charge for this year would have amounted to

less than £1. In the opinion of the directors this amount is not material.

Service charge accounting

The company is responsible for the management of Guthrum Close, Erdington and collects service

charges from lessees in order to fund expenditure incurred in the management and maintenance of

the estate and buildings. The company acts as a trustee of a statutory trust in accordance with the

Landlord and Tenant Act 1987 in respect of service charge monies collected and expenditure incurred.

Accordingly these funds are excluded from the company's financial statements as separate Service

Charge accounts are prepared and certified.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2017

and 31 March 2018

10

NET BOOK VALUE

At 31 March 2018

10

At 31 March 2017

10

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

15

Ordinary

£1

15

15

5.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.