Bannister Court Residents Limited Small abridged accounts

BANNISTER COURT RESIDENTS LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of Bannister Court Residents Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 30 April 2018 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 06196237

Bannister Court Residents Limited

Filleted Unaudited Abridged Financial Statements

30 April 2018

Bannister Court Residents Limited

Abridged Financial Statements

Year ended 30 April 2018

Contents	Page

Director's report	1

Abridged statement of financial position	2

Notes to the abridged financial statements	4

Bannister Court Residents Limited

Director's Report

Year ended 30 April 2018

The director presents his report and the unaudited abridged financial statements of the company for the year ended 30 April 2018 .

Directors

The directors who served the company during the year were as follows:

Mr J Croysdill
Mr P Staniforth	(Retired 31 July 2017)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 8 January 2019 and signed on behalf of the board by:

Mr J Croysdill
Director

Registered office:

5 Bannister Court

Queens Promenade

Blackpool

Lancashire

FY2 9LW

Bannister Court Residents Limited

Abridged Statement of Financial Position

30 April 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	4		4,762	4,762

Current assets

Debtors	199	235
Cash at bank and in hand	7,531	6,051
	-------	-------
	7,730	6,286

Creditors: amounts falling due within one year	12,443		10,999
	--------		--------
Net current liabilities		4,713	4,713
		-------	-------
Total assets less current liabilities		49	49
		----	----
Net assets		49	49
		----	----

Capital and reserves

Called up share capital	13	13
Profit and loss account	36	36
	----	----
Members funds	49	49
	----	----

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

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

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

Bannister Court Residents Limited

Abridged Statement of Financial Position (continued)

30 April 2018

These abridged financial statements were approved by the board of directors and authorised for issue on 8 January 2019 , and are signed on behalf of the board by:

Mr J Croysdill
Director

Company registration number: 06196237

Bannister Court Residents Limited

Notes to the Abridged Financial Statements

Year ended 30 April 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Bannister Court, Queens Promenade, Blackpool, Lancashire, FY2 9LW.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	£
Cost
At 1 May 2017 and 30 April 2018	4,762
	-------
Depreciation
At 1 May 2017 and 30 April 2018	–
	-------
Carrying amount
At 30 April 2018	4,762
	-------

5. Director's advances, credits and guarantees

At the year end, the directors loan account was in credit therefore no disclosure is required.

6. Related party transactions

The company was under the control of Mr P Staniforth , until his resignation as a director on the 28 July 2017, and Mr J Croysdill during the current year. Mr J Croysdill remains a shareholder in the company.