Warlingham House Management Company Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02398410 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Warlingham House Management

Company Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

G Z Szabo

SECRETARY:

PM Services London Limited

REGISTERED OFFICE:

Stanley House

49 Dartford Road

Sevenoaks

Kent

TN13 3TE

REGISTERED NUMBER:

02398410 (England and Wales)

ACCOUNTANTS:

ah partnership

Chartered Accountants

Stanley House

49 Dartford Road

Sevenoaks

Kent

TN13 3TE

CURRENT ASSETS

Debtors

3

3,156

3,200

Cash at bank

8,371

15,973

11,527

19,173

CREDITORS

Amounts falling due within one year

4

8,422

11,335

NET CURRENT ASSETS

3,105

7,838

TOTAL ASSETS LESS CURRENT LIABILITIES

3,105

7,838

RESERVES

Other reserves

5

3,105

7,838

3,105

7,838

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 director acknowledges his 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 surplus or deficit 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 director on 24 November 2018 and were signed by:

G Z Szabo - Director

1.	STATUTORY INFORMATION

Warlingham House Management Company Limited is a private company, limited by guarantee , 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 collected from residents from the property.

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 statement of financial position date.

Income and expenditure

Income is derived from service charge demands issued to the residents of the property. These funds are used to

maintain the upkeep of the property.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

3,156

3,200

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

8,422

11,335

Included in other creditors is a surplus of service charge income b/fwd from earlier years of £565 (2017: £3,978).

5.

RESERVES

Reserve Fund for longer term maintenance

The only reserve figures held at the year end were in respect of long term maintenance which are

collected/transferred with standard service charges. Funds held in this reserve are collected for preplanned

maintenance work scheduled for the future. It is policy of the association that all surplus funds collected for

standard services charges are distributed back to the residents, alternatively any deficits will be collected from

the residents in the following year.

During the year specific demands were sent out for this reserve amounting to £5,280 and expenditure made

amounted to £10,013 leaving a balance to be carried forward of £3,105.

6.	ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the board of directors.

7.	TRANSFER FROM TRUST ACCOUNTS

Until 1 April 2012 the transactions being all income, expenditure, assets and liabilities were included in Trust

accounts. From 1 April 2012 all transactions have now been reflected in Warlingham House Management

Company Limited accounts.