Regents Court (Stonegrove) - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00647825 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2019

for

Regents Court (Stonegrove) Property

Management Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms B Cohen

Ms J Kenton

D B R Shah

Ms J Davis

SECRETARY:

Ms J Davis

REGISTERED OFFICE:

Health Aid House

Marlborough Hill

Harrow

Middlesex

HA1 1UD

REGISTERED NUMBER:

00647825 (England and Wales)

ACCOUNTANTS:

Grant Harrod Lerman Davis LLP

Chartered Accountants

1st Floor

Healthaid House

Marlborough Hill

Harrow

Middlesex

HA1 1UD

FIXED ASSETS

Tangible assets

3

2

2

CURRENT ASSETS

Debtors

4

117,625

108,934

Cash at bank

61,872

59,755

179,497

168,689

CREDITORS

Amounts falling due within one year

5

12,590

13,782

NET CURRENT ASSETS

166,907

154,907

TOTAL ASSETS LESS CURRENT LIABILITIES

166,909

154,909

RESERVES

Sinking fund

166,909

154,909

166,909

154,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 surplus or deficit 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 January 2020 and were signed on its behalf by:

Ms J Davis - Director

Ms B Cohen - Director

1.	STATUTORY INFORMATION

Regents Court (Stonegrove) Property Management Co. Limited is a private company, limited by guarantee , registered in

England and Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents income receivable for the year, excluding value added tax.

Tangible fixed assets

The freehold land has not been depreciated in accordance with the Financial Reporting Standard for Smaller Entities

(effective April 2008).

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2018

and 30 September 2019

1

737

738

DEPRECIATION

At 1 October 2018

and 30 September 2019

-

736

736

NET BOOK VALUE

At 30 September 2019

1

1

2

At 30 September 2018

1

1

2

Investment

The company holds 197 Ordinary Shares in Lloyds PLC. It initially received 318 shares when Halifax Building Society

converted into a bank. The market value of the investment is £117 (2017 - £113).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

117,625

108,934

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other creditors

12,590

13,782

6.	RELATED PARTY DISCLOSURES

The directors of the company are also leaseholders of the property and, as such, pay service charges to the company.

Payments are computed by reference to the size and number of flats in the building, and the directors pay similar amounts

to those paid by other tenants in flats of similar sizes.