St Johns Chapel Management Company Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09581802 (England and Wales)

St Johns Chapel Management

Company Limited

Unaudited Financial Statements for the Year Ended 31 December 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C S Hargreaves

Miss S D Torn

SECRETARY:

P A High

REGISTERED OFFICE:

30 Sleaford Road

Bracebridge Heath

Lincoln

Lincolnshire

LN4 2ND

REGISTERED NUMBER:

09581802 (England and Wales)

ACCOUNTANTS:

M.D. Cobb F.M.A.A.T.

Cobb & Co Accountants Limited

30 Sleaford Road

Bracebridge Heath

Lincoln

Lincolnshire

LN4 2ND

FIXED ASSETS

Tangible assets

4

573

637

CURRENT ASSETS

Debtors

5

428

275

Cash at bank and in hand

4,700

3,312

5,128

3,587

CREDITORS

Amounts falling due within one year

6

6,524

6,416

NET CURRENT LIABILITIES

(1,396

)

(2,829

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(823

)

(2,192

)

CAPITAL AND RESERVES

Called up share capital

10

1

Retained earnings

(833

)

(2,193

)

SHAREHOLDERS' FUNDS

(823

)

(2,192

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 profit or loss 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 Board of Directors on 13 February 2019 and were signed on its behalf by:

C S Hargreaves - Director

Miss S D Torn - Director

1.	STATUTORY INFORMATION

St Johns Chapel Management Company Limited is a private company, limited by shares , 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Equipment

-

10% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Going concern

These accounts are prepared on a going concern basis, subject to the continuing support of the other creditors.

This support is continuing at the date of signing the accounts.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 January 2018

and 31 December 2018

756

DEPRECIATION

At 1 January 2018

119

Charge for year

64

At 31 December 2018

183

NET BOOK VALUE

At 31 December 2018

573

At 31 December 2017

637

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Other debtors

428

275

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

-

(1

)

Other creditors

6,524

6,417

6,524

6,416

7.	ULTIMATE CONTROLLING PARTY

Prior to 29th January 2018 the controlling party was Mrs S A Green.

On 29th January 2018, shares were issued to the other nine apartment owners, so from this date onwards each

owner owns a tenth share in the Company. Therefore the controlling interest of the Company now rests with the

10 apartment owners of The Chapel.