Chesterfields (Darlington) Mngmnt Co Ltd - Limited company accounts 18.2

REGISTERED NUMBER: 04550376 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2018

FOR

CHESTERFIELDS (DARLINGTON) MANAGEMENT

COMPANY LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

I MacLean

I D Martin

M J Adams

SECRETARY:

P Bigge

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

04550376 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

The directors present their report with the financial statements of the company for the year ended 31st December 2018.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2018 to the date of this report.

I MacLean

I D Martin

M J Adams

The company is limited by guarantee and has no share capital.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

I MacLean - Director

1st April 2019

INCOME

29,881

29,270

Service charge expenditure

29,182

29,794

OPERATING SURPLUS/(DEFICIT)

699

(524

)

Interest receivable and similar income

28

(1

)

SURPLUS/(DEFICIT) BEFORE TAXATION

727

(525

)

Tax on surplus/(deficit)

3

-

-

SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR

727

(525

)

CURRENT ASSETS

Debtors

4

11,947

16,061

CREDITORS

Amounts falling due within one year

5

11,947

16,061

TOTAL ASSETS LESS CURRENT LIABILITIES

-

-

RESERVES

-

-

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1st April 2019 and were signed on its behalf by:

I MacLean - Director

1.	STATUTORY INFORMATION

Chesterfields (Darlington) 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.

Income

During the year the company received from lessees, as agents, monies relating to service charges and associated income,

which are held on trust and do not constitute turnover.

Freehold property

No figure has been included in these accounts in respect of any value that could be placed on the freehold property known

as Chesterfields, Darlington, Co Durham. In the opinion of the directors, the freehold interest in the company based on net

rental income is negligible, and the directors cannot envisage a situation where the company would dispose of the freehold

interest in the property.

Presentation of the income statement

The presentation of the Income Statement on page 3 has been modified from the prescribed format for company accounts in

order to provide more information to residents and other parties who may be interested in the expenditure incurred in the

management of the property.

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31st December 2018 nor for the year ended

31st December 2017.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

£

£

Trade debtors

1,546

473

Other debtors

10,401

15,588

11,947

16,061

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

£

£

Trade creditors

1,245

4,778

Other creditors

10,702

11,283

11,947

16,061

6.

RESERVES

Income

and

expenditure

account

£

Surplus for the year

727

Transfer to Service Charge Account

(727

)

At 31st December 2018

-

7.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st December 2018 (2017 - None).

8.	CAPITAL COMMITMENTS

31/12/18

31/12/17

£

£

Contracted but not provided for in the

financial statements

-

-

9.	RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such received income in the form of service charge from residents, some

of whom are directors of the company. Service charges payable by the directors are on the same basis as for all the other

residents. No other transactions with related parties were undertaken such as are required to be disclosed under FRS102.

10.	LIMIT OF MEMBERS LIABILITY

The liability of the members of the company is limited by guarantee to £1 each.