Steart House (Burnham-on-Sea) Management Company Limited - Period Ending 2018-06-30

Registration number: 01410401

Steart House (Burnham-on-Sea) Management Company Limited

Unaudited Financial Statements

for the Year Ended 30 June 2018

Steart House (Burnham-on-Sea) Management Company Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 5

Steart House (Burnham-on-Sea) Management Company Limited

Company Information

Directors

R G Edwards S T B Young

Company secretary

S T B Young

Registered office

51a Elm Park Gardens London SW10 9PA

Accountants

Four Fifty Partnership Chartered Accountants 34 Boulevard Weston-super-Mare Somerset BS23 1NF

Page 1

Steart House (Burnham-on-Sea) Management Company Limited

(Registration number: 01410401)
Balance Sheet as at 30 June 2018

	Note	2018 £	2017 £
Current assets
Debtors	4	1,099	380
Cash at bank and in hand		14,665	18,618
		15,764	18,998
Creditors: Amounts falling due within one year	5	(728)	(695)
Total assets less current liabilities		15,036	18,303
Provisions for liabilities		(15,036)	(18,303)
Net assets/(liabilities)		-	-
Capital and reserves
Total equity		-	-

For the financial year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 2

Steart House (Burnham-on-Sea) Management Company Limited

(Registration number: 01410401)
Balance Sheet as at 30 June 2018

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 December 2018 and signed on its behalf by:
 

.........................................

S T B Young
Company secretary and director

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 3

Steart House (Burnham-on-Sea) Management Company Limited

Notes to the Financial Statements for the Year Ended 30 June 2018

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of these accounts is that of pound sterling. (£)

Revenue recognition

Turnover comprises of service charges receivable for the management of the property known as Steart House, Burnham-on-Sea.

Provisions

Provisions are monies set aside to cover future repair costs for the building managed by the company.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2017 - 0).

Page 4

Steart House (Burnham-on-Sea) Management Company Limited

Notes to the Financial Statements for the Year Ended 30 June 2018

4

Debtors

	2018 £	2017 £
Trade debtors	1,099	380
	1,099	380

5

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Accruals and deferred income	715	683
Other creditors	13	12
	728	695

Page 5