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

REGISTERED NUMBER: 03163966 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

ROSERROW MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Curtis

J Govett

J Parker

N S Lucas

I Maccabe

D Gist

N Whitfeld

L Berry

P Perkins

SECRETARY:

N S Lucas

REGISTERED OFFICE:

The Courtyard

80 High Street

Old Amersham

Buckinghamshire

HP7 0DS

REGISTERED NUMBER:

03163966 (England and Wales)

ACCOUNTANTS:

N S Lucas & Co

The Courtyard

80 High Street

Old Amersham

Buckinghamshire

HP7 0DS

FIXED ASSETS

Tangible assets

3

12,962

12,962

CURRENT ASSETS

Debtors

4

4,772

781

Cash at bank

35,805

28,729

40,577

29,510

CREDITORS

Amounts falling due within one year

5

2,940

2,940

NET CURRENT ASSETS

37,637

26,570

TOTAL ASSETS LESS CURRENT LIABILITIES

50,599

39,532

CAPITAL AND RESERVES

Called up share capital

65

65

General reserve

6

18,081

18,081

Maintenance reserve

6

32,453

21,386

SHAREHOLDERS' FUNDS

50,599

39,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 11 April 2018 and were signed on its behalf by:

D Curtis - Director

1.	STATUTORY INFORMATION

Roserrow 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

No depreciation is provided on freehold land.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 March 2017

and 28 February 2018

12,962

NET BOOK VALUE

At 28 February 2018

12,962

At 28 February 2017

12,962

Included in cost of land and buildings is freehold land of £ 12,962 (2017 - £ 12,962 ) which is not depreciated.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Prepayments

4,772

781

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Accrued expenses

2,940

2,940

6.

RESERVES

Retained

General

Maintenance

earnings

reserve

reserve

Totals

£

£

£

£

At 1 March 2017

-

18,081

21,386

39,467

Profit for the year

-

-

Contribution for year

-

-

11,067

11,067

At 28 February 2018

-

18,081

32,453

50,534

Each homeowner initially contributed to a general reserve fund when they purchased their property for the

purpose of establishing the Management Company. Following the transfer of the common land, these funds were

received on 9 June 2006.

7.	RELATED PARTY DISCLOSURES

The Company is set up for the benefit of the shareholders in respect of the management of the common land. All

the transactions undertaken are related party transactions by virtue of them being of direct benefit to the

individual shareholders, some of whom are also directors.

The Company contracts with N S Lucas & Co in respect of the provision of accountancy and secretarial services.

N S Lucas is a principal in N S Lucas & Co, as well as being a director and shareholder of the Company. During

the year fees of £2,940 have been paid to N S Lucas & Co.