| Buckingham Hillcrest Limited |
| Registered number: |
02330805 |
| Balance Sheet |
| as at 31 March 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
909 |
|
|
- |
|
| Current assets |
| Debtors |
3 |
|
1,050 |
|
|
2,280 |
| Cash at bank and in hand |
|
|
13,260 |
|
|
13,654 |
|
|
|
14,310 |
|
|
15,934 |
|
| Creditors: amounts falling due within one year |
4 |
|
(3,719) |
|
|
(4,429) |
|
| Net current assets |
|
|
|
10,591 |
|
|
11,505 |
|
| Net assets |
|
|
|
11,500 |
|
|
11,505 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
29 |
|
|
29 |
| Profit and loss account |
|
|
|
11,471 |
|
|
11,476 |
|
| Shareholders' funds |
|
|
|
11,500 |
|
|
11,505 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr M. Blackwell |
| Director |
| Approved by the board on 20 November 2018 |
|
| Buckingham Hillcrest Limited |
| Notes to the Accounts |
| for the year ended 31 March 2018 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable for maintenance services charged to leaseholders for the year. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
The company falls within the definition of a mutual company, and is not liable to corporation tax on it's maintenance income. The HM Revenue & Customs has given a concession to the company that corporation tax need not be paid on it's interest income. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
Additions |
1,136 |
|
At 31 March 2018 |
1,136 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
227 |
|
At 31 March 2018 |
227 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2018 |
909 |
|
|
| 3 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade debtors |
1,050 |
|
2,280 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade creditors |
44 |
|
- |
|
Accruals |
630 |
|
1,674 |
|
Deferred income |
3,045 |
|
2,755 |
|
|
|
|
|
|
3,719 |
|
4,429 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
Buckingham Hillcrest Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 1A Hillcrest Rise |
|
Buckingham Industrial Estate |
|
Buckingham |
|
Bucks |
|
MK18 1SL |
