Beacon (St Andrews) Management Company Limited - Abbreviated accounts

Beacon (St Andrews) Management Company Limited - Abbreviated accounts


Beacon (St Andrews) Management Company Limited
Registered number: 01620006
Directors' Report
The directors present their report and financial statements for the period ended 31 March 2019.
Principal activities
The company's principal activity during the year continued to be the management of St Andrews Court, Brookfield Avenue, Sutton, Surrey.
Directors
The following persons served as directors during the year:
Mr C Chambers
Miss E Ebrahimifar
Miss H Varnava
Ms F D Bardrick
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 20 August 2019 and signed on its behalf.
Miss H Varnava
Director
Beacon (St Andrews) Management Company Limited
Balance Sheet
as at 31 March 2019
Notes 2019 2018
£ £
Fixed Assets 5
Intangible Assets - -
Tangible Assets - -
Investments - -
Current Assets
Debtors 6 616 679
Cash at bank and in hand 13,338 19,013
13,954 19,692
Creditors ; amounts falling due within one year (Liabilities) 5 (1,201) (1,881)
Net current assets 12,753 17,811
Total Assets less current liabilities 12,753 17,811
Creditors ; amounts falling due after more than one year (Liabilities) - -
Provisions for Liabilities 8 - -
Capital & Reserves
Called up Share Capital 12 12
Profit & Loss (Reserve Account) 9 12,741 17,799
Shareholders Funds 12,753 17,811
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.The profit and loss account has not been delivered to the Registrar of Companies
Miss E Ebrahimifar
Director
Approved by the Board on 20 August 2019
Beacon (St Andrews) Management Company Limited
Notes to the Accounts
for the year ended 31 March 2019
1 Accounting policies
Basis of preparation
The accounts and this 'Statement of Service Charge Accounts' has been prepared under the historical cost convention and in accordance with FRS 102. The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
1 Turnover Income related to the period (Service Charge Income receivable in respect of communial expenditure)
2 Administrative expenses All expenses (expenditure) incurred in the period.
3 Operating Profit Profit (Surplus) after deduction of all expenditure incurred in the period
2 Interest receivable 2019 2018
£ £
Interest receivable 11 2
Tax Deducted - -
Net Interest received 11 2
5 Fixed Assets
No Fixed Assets are held (Intangible Fixed Assets, Tangible Fixed Assets, Investments)
3 Debtors
Short term debtors are measured at transaction price (which is usually the 'Service Charge Invoice'), less any impairment losses for bad and doubtful debts.
2019 2018
£ £
Service charge Invoices outstanding 321 415
Prepayments 295 264
Other debtors - -
616 679
Amounts due after more than one year included above - -
4 Bank account
Service charge monies were held in trust at HSBC Bank, 184 High St. Bromley, Kent under the title 'David James Letting & Property Management Ltd re Beacon (St Andrews) Management Company Ltd' Sort Code 40-15-05 Account. 93665917
5 Creditors
Short term creditors are measured at transaction price (which is usually the 'Invoice Price')
2019 2018
£ £
Service charge invoices paid in advance 140 441
Trade creditors - -
Accruals 1,061 1,440
Other creditors -
1,201 1,881
8 Provisions Provisions (i.e. Liabilities of uncertain timing or amount) are recognised when there is an obligationat the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably
6 Reserve Funds (Profit & Loss Account)
The reserves have been retained/established to meet the cost of large, non regular repair and maintenance work. The present level of the fund (Profit & Loss Account) may prove insufficient given the uncertainty of when costs may arise
2019 2018
£ £
Reserves
Balance brought forward 17,799 16,964
Transfer from Income & Expenditure (5,058) (261)
Write back of balance due to be returned from 2017 accounts 1,096
Balance carried forward 12,741 17,799
Reserves breakdown
Internal Redecoration 4,399
External Redecoration 5,661
General Reserve 12,102
Roof Reserve 639 7,739
12,741 17,799
10 Employees
There were no persons employed by the company
11 Events after the reporting date
There were no events after the reporting date that require noting in these accounts
12 Controlling Party
There is no controlling party
13 Other Information
Beacon (St Andrews) Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is: 187C Southborough Lane, Bromley, Kent. BR2 8AR
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