Kings Reach Management Company Limited - Accounts to registrar (filleted) - small 18.2

Kings Reach Management Company Limited - Accounts to registrar (filleted) - small 18.2

KINGS REACH MANAGEMENT COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 04353231 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2018

for

KINGS REACH MANAGEMENT COMPANY LIMITED
KINGS REACH MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04353231)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KINGS REACH MANAGEMENT COMPANY LIMITED

Company Information
for the Year Ended 31 December 2018







DIRECTOR: G T L Kreike





REGISTERED OFFICE: Longden and Cook Victoria Buildings
Silver Street
Bury
Lancashire
BL9 0EU





REGISTERED NUMBER: 04353231 (England and Wales)





ACCOUNTANTS: Haworths Limited
Chartered Accountants
The Old Tannery
Eastgate
Accrington
Lancashire
BB5 6PW
Page 1
KINGS REACH MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04353231)

Balance Sheet
31 December 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Debtors 4 9,949 8,600
Cash at bank 13,216 11,391
23,165 19,991
CREDITORS
Amounts falling due within one year 5 22,628 19,454
NET CURRENT ASSETS 537 537
TOTAL ASSETS LESS CURRENT
LIABILITIES
537
537

CAPITAL AND RESERVES
Called up share capital 537 537
SHAREHOLDERS' FUNDS 537 537

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 director acknowledges his 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 director on 26 September 2019 and were signed by:





G T L Kreike - Director


The notes form part of these financial statements

Page 2
KINGS REACH MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04353231)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

Kings Reach 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents service charges receivable from tenants in respect of communal expenditure incurred,
excluding VAT.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 3,830 2,484
Other debtors 5,383 5,383
Amounts due from related parties 337 337
Prepayments and accrued income 399 396
9,949 8,600

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 189 190
Social security and other taxes 273 440
Other creditors 1,500 1,500
Amounts owed to related parties 16,835 13,514
Accrued expenses 3,831 3,810
22,628 19,454

6. RELATED PARTY DISCLOSURES

Seddon Kings Reach Limited, which is registered in England and Wales, owns the one issued ordinary A share.
The unit holders of the managed property currently constructed own all the ordinary B shares issued to date.

Upon the transfer to the company of the freehold of the managed property, the ordinary A share shall
automatically be converted into one deferred share.

Seddon Kings Reach Limited will be the controlling party until the transfer of the freehold managed property is
completed.

Balances with related parties disclosed in notes 4 and 5 are balances due from/to B shareholders in relation to
the service charge account.

Page 3