Arches Business Centre Management Compan - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01698145 (England and Wales)

ARCHES BUSINESS CENTRE MANAGEMENT

COMPANY LIMITED

LIMITED BY GUARANTEE

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P E Bale

J C Cheetham

SECRETARY:

P E Bale

REGISTERED OFFICE:

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

REGISTERED NUMBER:

01698145 (England and Wales)

ACCOUNTANTS:

Atkinson Finch & Co

Chartered Accountants

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

FIXED ASSETS

Tangible assets

4

4,882

5,743

CURRENT ASSETS

Debtors

5

5,514

4,492

Cash at bank

32,115

22,086

37,629

26,578

CREDITORS

Amounts falling due within one year

6

5,676

2,363

NET CURRENT ASSETS

31,953

24,215

TOTAL ASSETS LESS CURRENT LIABILITIES

36,835

29,958

RESERVES

Income and expenditure account

36,835

29,958

36,835

29,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 31st October 2018 and were signed on its behalf by:

P E Bale - Director

1.	STATUTORY INFORMATION

Arches Business Centre 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.

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.

Significant judgements and estimates

There are no significant judgements that have a material effect on the accounts nor any accounting estimates that

have a high risk of causing a material adjustment in a future accounting period.

Turnover

Turnover represents service charges from the owners of the units on the business development.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st April 2017

and 31st March 2018

15,226

DEPRECIATION

At 1st April 2017

9,483

Charge for year

861

At 31st March 2018

10,344

NET BOOK VALUE

At 31st March 2018

4,882

At 31st March 2017

5,743

The freehold of the current leasehold properties reverts back to the company on 25th March 2108. There is no

original cost attributable to these freehold reversions.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

5,514

4,492

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

3,476

-

Other creditors

450

450

Accrued expenses

1,750

1,913

5,676

2,363

7.	COMPANY GUARANTEE

The company is a company limited by guarantee, all members guarantee an amount not to exceed £1,000 payable

in the event of the company being wound up with a deficiency of net assets. At 31st March 2018, there were 12

members (2017 - 12 members).