ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

PROLOGIS PARK MIDPOINT 2 MANAGEMENT COMPANY LIMITED - Company Information

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Caseware UK (AP4) 2018.0.111 2018.0.111 2018-04-302018-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2017-05-01 06882407 2017-05-01 2018-04-30 06882407 2016-05-01 2017-04-30 06882407 2018-04-30 06882407 2017-04-30 06882407 c:Director1 2017-05-01 2018-04-30 06882407 d:CurrentFinancialInstruments 2018-04-30 06882407 d:CurrentFinancialInstruments 2017-04-30 06882407 d:CurrentFinancialInstruments d:WithinOneYear 2018-04-30 06882407 d:CurrentFinancialInstruments d:WithinOneYear 2017-04-30 06882407 d:ShareCapital 2018-04-30 06882407 d:ShareCapital 2017-04-30 06882407 c:OrdinaryShareClass2 2017-05-01 2018-04-30 06882407 c:OrdinaryShareClass2 2018-04-30 06882407 c:FRS102 2017-05-01 2018-04-30 06882407 c:AuditExempt-NoAccountantsReport 2017-05-01 2018-04-30 06882407 c:FullAccounts 2017-05-01 2018-04-30 06882407 c:PrivateLimitedCompanyLtd 2017-05-01 2018-04-30 06882407 c:SmallCompaniesRegimeForAccounts 2017-05-01 2018-04-30 06882407 c:ConsolidatedGroupCompanyAccounts 2017-05-01 2018-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06882407









PROLOGIS PARK MIDPOINT 2 MANAGEMENT COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018
 
PROLOGIS PARK MIDPOINT 2 MANAGEMENT COMPANY LIMITED
REGISTERED NUMBER: 06882407

BALANCE SHEET
AS AT 30 APRIL 2018

2018
2017
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
67,382
22,296

Cash at bank and in hand
  
82,441
101,252

  
149,823
123,548

Creditors: amounts falling due within one year
 5 
(149,569)
(123,294)

Net current assets
  
 
 
254
 
 
254

Total assets less current liabilities
  
254
254

  

Net assets
  
254
254


Capital and reserves
  

Called up share capital 
 6 
254
254

  
254
254


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 January 2019.



N D M Smith
Director
The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
PROLOGIS PARK MIDPOINT 2 MANAGEMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018

1.


General information

Prologis Park Midpoint 2 Management Company Limited is a limited liability company incorporated and domiciled in England. The registered office is shown on the Company Information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Service charge income

Service charge income represents maintenance, management and administration costs recoverable from owners or occupiers of units on the site, exclusive of Value Added Tax. Amounts are charged quarterly on account and any surplus or deficit are refunded or recharged to the relevant parties.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.5

Creditors

Short term creditors are measured at the transaction price. 


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2017 - 2).


4.


Debtors

2018
2017
£
£


Trade debtors
60,656
20,358

VAT Repayable
1,382
-

Prepayments
5,344
1,938

67,382
22,296


Page 2
 
PROLOGIS PARK MIDPOINT 2 MANAGEMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018

5.


Creditors: Amounts falling due within one year

2018
2017
£
£

Trade creditors
35,382
(300)

Other creditors
22,019
22,019

Service charge in advance
29,325
29,325

Service charge surplus due back to tenants
15,055
29,887

Accruals
45,705
38,190

Amounts due to Landlord
2,083
2,083

VAT Payable
-
2,090

149,569
123,294



6.


Share capital

2018
2017
£
£
Shares classified as equity

Allotted, called up and fully paid



254 B Ordinary Shares shares of £1 each
254
254

Page 3