The Austen Place Management Company Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04753772 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

The Austen Place Management Company

Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

R J Nicholson

J L Wintle

D Everett

M J Fitch

SECRETARY:

Hillcrest Estate Management Limited

REGISTERED OFFICE:

5 Grove Road

Redland

Bristol

BS66UJ

REGISTERED NUMBER:

04753772 (England and Wales)

ACCOUNTANTS:

Raymarsh Ford Limited

Chartered Accountants

Ground Floor

41 High Street

Kingswood

Gloucestershire

BS15 4AA

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of The Austen Place Management Company Limited for the year ended

31 December 2018 which comprise the Income Statement, Balance Sheet and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Austen Place Management Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Austen Place Management Company Limited and state those matters that we have agreed to state to the Board of Directors of The Austen Place Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Austen Place Management Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Austen Place Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Austen Place Management Company Limited. You consider that The Austen Place Management Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Austen Place Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Raymarsh Ford Limited

Chartered Accountants

Ground Floor

41 High Street

Kingswood

Gloucestershire

BS15 4AA

7 March 2019

CURRENT ASSETS

Debtors

4

2,835

2,783

Cash at bank

21,454

33,683

24,289

36,466

CREDITORS

Amounts falling due within one year

5

1,989

1,993

NET CURRENT ASSETS

22,300

34,473

TOTAL ASSETS LESS CURRENT LIABILITIES

22,300

34,473

CAPITAL AND RESERVES

Called up share capital

22

22

Retained earnings

22,278

34,451

SHAREHOLDERS' FUNDS

22,300

34,473

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 7 March 2019 and were signed on its behalf by:

J L Wintle - Director

1.	STATUTORY INFORMATION

The Austen Place 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.

Turnover

Turnover relates to the service charges charged to leaseholders on a monthly basis and accumulated

over the year. No invoices are raised but the service charge is based on a budget agreed with the

leaseholders.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

£

£

Amounts due from leaseholders

17

122

Prepayments

2,818

2,661

2,835

2,783

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

£

£

Trade creditors

594

1,470

Amounts paid in advance

by leaseholders

1,096

203

Accrued expenses

299

320

1,989

1,993

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Loans to directors relate to the balances on their service charge account invoiced to them in the

normal course of business.