Brooklands Farm Barns (Management Company) LTD Filleted accounts for Companies House (small and micro)
Brooklands Farm Barns (Management Company) LTD Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
07623860
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Company Limited by Guarantee |
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Company Limited by Guarantee |
Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
£ |
Current assets
Cash at bank and in hand |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves
Profit and loss account |
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Members funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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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
;
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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 were approved by the
board of directors
and authorised for issue on
27 February 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
07623860
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Company Limited by Guarantee |
Notes to the Financial Statements |
Year ended 31 May 2019
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is The Old Laterie, Brooklands Farm Barns, Winsford Road, Wettenhall, Cheshire, CW7 4DL, UK.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Financial instruments
4.
Company limited by guarantee
The company was incorporated on 5 May, 2011. The company is limited by guarantee & as such no share capital has been issued.
Liability of members
In the current financial year the company has 6 members.
The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the company in the event of its being wound up while he is a member or within one year after he ceases to be a member, for,
a) payment of the company's debts and liabilities contracted before he ceases to be a member;
b) payment of the costs, charges and expenses of winding up; &
c) adjustment of the rights of the contributions among themselves.
Directors' general authority
The directors are responsible for the management of the company's business, for which purpose they may exercise all the powers of the company.
Members' reserve power
The members may, by special resolution, direct the directors to take, or refrain from taking, specific action. No such special resolution invalidates anything which the directors have done before the passing of the resolution.
Directors to take decisions collectively
The general rule about decision-making by directors is that any decision of the directors must be a majority decision at a meeting.
Members
No person shall become a member of the company unless, a) that person has completed an application for membership in a form approved by the directors; & b) the directors have approved the application.
A member may withdraw from membership of the company by giving 7 days notice to the company in writing.
Membership is not transferable.
A person's membership terminates when that person dies.
5.
Related party transactions
The company was under the common control of all the directors throughout the current year. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.