4 Morley Road Residents Limited - Period Ending 2019-03-31

Registration number: 04692066

4 Morley Road Residents Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2019

4 Morley Road Residents Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 3

4 Morley Road Residents Limited

(Registration number: 04692066)
Balance Sheet as at 31 March 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	4	4,254	4,254
Current assets
Cash at bank and in hand		30	30
Creditors: Amounts falling due within one year	5	(310)	(310)
Net current liabilities		(280)	(280)
Net assets		3,974	3,974
Capital and reserves
Called up share capital		3	3
Profit and loss account		3,971	3,971
Total equity		3,974	3,974

For the financial year ending 31 March 2019 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 11 December 2019 and signed on its behalf by:
 

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

EL Whelan
Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

4 Morley Road Residents Limited

Notes to the Financial Statements for the Year Ended 31 March 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 West Mills
Newbury
Berkshire
RG14 5HG
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of property management services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2018 - 2).

Page 2

4 Morley Road Residents Limited

Notes to the Financial Statements for the Year Ended 31 March 2019

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2018	4,254	4,254
At 31 March 2019	4,254	4,254
Depreciation
Carrying amount
At 31 March 2019	4,254	4,254
At 31 March 2018	4,254	4,254

Included within the net book value of land and buildings above is £4,254 (2018 - £4,254) in respect of freehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

	2019 £	2018 £
Due within one year
Other creditors	310	310

Page 3