| 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 |
