Temple Quay Management Limited - Limited company accounts 18.2

REGISTERED NUMBER: 04035406 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

TEMPLE QUAY MANAGEMENT LIMITED

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

J D Mellings

C J Turner

SECRETARY:

I S Padbury

REGISTERED OFFICE:

C/O GVA Grimley Ltd

3 Brindley Place

Birmingham

B1 2JB

REGISTERED NUMBER:

04035406 (England and Wales)

ACCOUNTANTS:

Websters

12 Melcombe Place

London

NW1 6JJ

The directors present their report with the financial statements of the company for the year ended 31 March 2019.

PRINCIPAL ACTIVITY

The company's activities comprise the control, supervision and management, on behalf of the occupiers, of the site

known as Temple Quay, Bristol.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2018 to the date of this report.

J D Mellings

C J Turner

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with

applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors

have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not

approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the

company and of the profit or loss of the company for that period. In preparing these financial statements, the directors

are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company and

enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for

safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud

and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

J D Mellings - Director

23 December 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Temple Quay Management Limited for the year ended 31 March 2019 which comprise the

Income Statement, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Temple Quay Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Temple Quay Management Limited and state those matters that we have agreed to state to the Board of Directors of Temple Quay Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Temple Quay Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Temple Quay Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Temple Quay Management Limited. You consider that Temple Quay Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Temple Quay Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Websters

12 Melcombe Place

London

NW1 6JJ

23 December 2019

SERVICE CHARGES RECEIVABLE

454,334

484,935

Service charge expenditure

(476,839

)

(499,948

)

GROSS LOSS

(22,505

)

(15,013

)

Administrative expenses

(1,550

)

(2,064

)

(24,055

)

(17,077

)

Other operating income

23,915

17,000

OPERATING LOSS

(140

)

(77

)

Interest receivable and similar income

140

77

PROFIT BEFORE TAXATION

-

Tax on profit

4

-

PROFIT FOR THE FINANCIAL YEAR

-

FIXED ASSETS

Tangible assets

5

-

CURRENT ASSETS

Debtors

6

263,744

226,702

Cash at bank

130,749

147,366

394,493

374,068

CREDITORS

Amounts falling due within one year

7

(393,497

)

(373,072

)

NET CURRENT ASSETS

996

TOTAL ASSETS LESS CURRENT
LIABILITIES

996

CAPITAL AND RESERVES

Called up share capital

996

SHAREHOLDERS' FUNDS

996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 December 2019 and were signed on its behalf
by:

J D Mellings - Director

1.	STATUTORY INFORMATION

Temple Quay Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost

convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life:

Plant and machinery - 25% straight line

Service charges receivable

Service charges receivable represents costs incurred in respect of the year which are recoverable from the

owners or occupiers of the site. Amounts are charged quarterly on account and any surplus or deficit is credited

or charged to the same parties, resulting in no profit or loss to the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.

TAXATION

Service charge funds are held by the company in trust for the tenants and hence any income tax chargeable at

the rate applicable to such trusts is not reflected in these accounts.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

120,135

DEPRECIATION

At 1 April 2018

and 31 March 2019

120,135

NET BOOK VALUE

At 31 March 2019

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Trade debtors

93,150

86,375

Other debtors

170,594

140,327

263,744

226,702

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Trade creditors

8,076

4,434

Other creditors

385,421

368,638

393,497

373,072

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by a voting majority of its shareholders and accordingly there is no controlling related

party.