Overdale and Elmhurst Management Company Limited 31/12/2018 iXBRL

OVERDALE AND ELMHURST MANAGEMENT COMPANY LIMITED - Company Information

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Company registration number: 04666315

Overdale and Elmhurst Management Company Limited

Unaudited filleted financial statements

31 December 2018

Overdale and Elmhurst Management Company Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Overdale and Elmhurst Management Company Limited

Directors and other information


Directors	Mr D B King
	Mrs G Lewis-Culpin
	Mrs L Abernethy
	Mrs L A Dossary	(Resigned 18 January 2018)
	Mrs J Marriott


Company number	04666315


Registered office	16a Neville Crescent
	Gargrave
	Skipton
	North Yorkshire
	BD23 3RH


Accountants	Windle & Bowker Limited
	Croft House
	Station Road
	Barnoldswick
	Lancashire
	BB18 5NA

Overdale and Elmhurst Management Company Limited

Statement of financial position

31 December 2018

		2018		2017
	Note	£	£	£	£

Fixed assets
Tangible assets	5	2		2
		_______		_______
			2		2

Current assets
Debtors	6	800		675
Cash at bank and in hand		651		6,182
		_______		_______
		1,451		6,857
Creditors: amounts falling due
within one year	7	( 277)		( 502)
		_______		_______
Net current assets			1,174		6,355
			_______		_______
Total assets less current liabilities			1,176		6,357

			_______		_______
Net assets			1,176		6,357
			_______		_______

Capital and reserves
Called up share capital			6		6
Profit and loss account			1,170		6,351
			_______		_______
Shareholders funds			1,176		6,357
			_______		_______

For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 26 February 2019 , and are signed on behalf of the board by:

Mr D B King

Director

Company registration number: 04666315

Overdale and Elmhurst Management Company Limited

Notes to the financial statements

Year ended 31 December 2018

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 16a Neville Crescent, Gargrave, Skipton, North Yorkshire, BD23 3RH.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover represents service charges due and receivable during the year.Service charges are invoiced annually in advance, and are shown in the income statement for the period to which they relate.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	No depreciation charged

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2017: 5 ).

5. Tangible assets

	Freehold property	Total
	£	£
Cost
At 1 January 2018 and 31 December 2018	2	2
	_______	_______
Depreciation
At 1 January 2018 and 31 December 2018	-	-
	_______	_______
Carrying amount
At 31 December 2018	2	2
	_______	_______
At 31 December 2017	2	2
	_______	_______

6. Debtors

	2018	2017
	£	£
Trade debtors	800	675
	_______	_______

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Other creditors	277	502
	_______	_______