Chesterfields (Darlington) Mngmnt Co Ltd - Limited company accounts 20.1
Chesterfields (Darlington) Mngmnt Co Ltd - Limited company accounts 20.1
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2019 |
FOR |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04550376) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2019 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED |
COMPANY INFORMATION |
for the Year Ended 31st December 2019 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Ossington Chambers |
6-8 Castle Gate |
Newark |
Nottinghamshire |
NG24 1AX |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04550376) |
REPORT OF THE DIRECTORS |
for the Year Ended 31st December 2019 |
The directors present their report with the financial statements of the company for the year ended 31st December 2019. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1st January 2019 to the date of this report. |
The company is limited by guarantee and has no share capital. |
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: |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04550376) |
INCOME STATEMENT |
for the Year Ended 31st December 2019 |
31/12/19 | 31/12/18 |
Notes | £ | £ |
INCOME |
Service charge expenditure |
OPERATING (DEFICIT)/SURPLUS | ( |
) |
Interest receivable and similar income |
(DEFICIT)/SURPLUS BEFORE TAXATION | ( |
) |
Tax on (deficit)/surplus | 4 |
(DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
( |
) |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04550376) |
BALANCE SHEET |
31st December 2019 |
31/12/19 | 31/12/18 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
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 were approved by the Board of Directors and authorised for issue on its behalf by: |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04550376) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2019 |
1. | STATUTORY INFORMATION |
Chesterfields (Darlington) Management Company Limited is a |
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 |
Income |
During the year the company received from lessees, as agents, monies relating to service charges and associated income, |
which are held on trust and do not constitute turnover. |
Freehold property |
No figure has been included in these accounts in respect of any value that could be placed on the freehold property known |
as Chesterfields, Darlington, Co Durham. In the opinion of the directors, the freehold interest in the company based on net |
rental income is negligible, and the directors cannot envisage a situation where the company would dispose of the freehold |
interest in the property. |
Presentation of the income statement |
The presentation of the Income Statement on page 3 has been modified from the prescribed format for company accounts in |
order to provide more information to residents and other parties who may be interested in the expenditure incurred in the |
management of the property. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2018 - NIL). |
31/12/19 | 31/12/18 |
£ | £ |
Directors' remuneration |
4. | TAXATION |
Analysis of the tax charge |
No liability to UK corporation tax arose for the year ended 31st December 2019 nor for the year ended |
31st December 2018. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/19 | 31/12/18 |
£ | £ |
Trade debtors |
Sundry Debtors | 360 | - |
Bank balances held by managing agent |
Service Charge Account | 200 | - |
Prepayments |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04550376) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2019 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/19 | 31/12/18 |
£ | £ |
Trade creditors |
Reserve Fund | 11,514 | 9,714 |
Service Charge Surplus | - | 202 |
Accrued expenses |
7. | RESERVES |
Income |
and |
expenditure |
account |
£ |
Deficit for the year | ( |
) |
Transfer to Service Charge Account | 927 |
At 31st December 2019 |
8. | RELATED PARTY DISCLOSURES |
The company is a mutual trading company and as such received income in the form of service charge from residents, some |
of whom are directors of the company. Service charges payable by the directors are on the same basis as for all the other |
residents. No other transactions with related parties were undertaken such as are required to be disclosed under FRS102. |
9. | LIMIT OF MEMBERS LIABILITY |
The liability of the members of the company is limited by guarantee to £1 each. |