The Oaks Wattisfield Management Company Limited - Period Ending 2014-12-31

Registration number: 02706659

The Oaks Wattisfield Management Company Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

The Oaks Wattisfield Management Company Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Oaks Wattisfield Management Company Limited
for the Year Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Oaks Wattisfield Management Company Limited for the year ended 31 December 2014 set out on pages 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of The Oaks Wattisfield Management Company Limited, as a body, in accordance with the terms of our engagement letterdated 2 July 2007. Our work has been undertaken solely to prepare for your approval the accounts of The Oaks Wattisfield Management Company Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Oaks Wattisfield 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 Oaks Wattisfield Management Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Oaks Wattisfield Management Company Limited. You consider that The Oaks Wattisfield 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 accounts of The Oaks Wattisfield 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 accounts.

......................................

Jacobs Allen Limited
Chartered Accountants & Chartered Tax Advisers
59 Abbeygate Street
Bury St Edmunds
Suffolk
IP33 1LB

20 February 2015

Page 1

The Oaks Wattisfield Management Company Limited
(Registration number: 02706659)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Current assets
Debtors					686			473
Cash at bank and in hand					1,039			828
					1,725			1,301
Creditors: Amounts falling due within one year					(1,407)			(1,185)
Net assets					318			116
Capital and reserves
Called up share capital		2			120			120
Profit and loss account					198			(4)
Shareholders' funds					318			116

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 16 February 2015 and signed on its behalf by:

.........................................
Mr Daniel Ernest Wilson
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

The Oaks Wattisfield Management Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents service charges due to the company.

2	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £10.00 each		12			120			12			120

3

Control

The company is controlled by the shareholders.

Page 3