Mostyn House Leasehold Management Company Limited Filleted accounts for Companies House (small and micro)

MOSTYN HOUSE LEASEHOLD MANAGEMENT COMPANY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08845503

Mostyn House Leasehold Management Company Limited

Company Limited by Guarantee

Filleted Unaudited Financial Statements

31 December 2019

Mostyn House Leasehold Management Company Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2019

Contents	Page

Officers and professional advisers	1

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Mostyn House Leasehold Management Company Limited

Company Limited by Guarantee

Officers and Professional Advisers

The board of directors	Mr P Williams
	Mr RA Harris (Died 14 May 2019)
	Mr K Jones
	Mr R Burnett (Appointed 19 September 2019)
	Ms P A Moon (Served from 21 October 2019 to 18 May 2020)
	Ms J Naylor (Appointed 25 February 2020)

Registered office	St John's Chambers
	Love Street
	Chester
	CH1 1QN

Accountants	UHY Hacker Young
	Chartered Accountants
	St John's Chambers
	Love Street
	Chester
	Cheshire
	CH1 1QN

Mostyn House Leasehold Management Company Limited

Company Limited by Guarantee

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Mostyn House Leasehold Management Company Limited

Year ended 31 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 Mostyn House Leasehold Management Company Limited for the year ended 31 December 2019, which comprise the statement of financial position 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Mostyn House Leasehold Management Company Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Mostyn House Leasehold Management Company Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mostyn House Leasehold Management Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mostyn House Leasehold Management Company 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 Mostyn House Leasehold Management Company Limited. You consider that Mostyn House Leasehold Management Company 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 Mostyn House Leasehold Management Company 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.

UHY Hacker Young Chartered Accountants

St John's Chambers Love Street Chester Cheshire CH1 1QN

15 July 2020

Mostyn House Leasehold Management Company Limited

Company Limited by Guarantee

Statement of Financial Position

31 December 2019

	2019	2018
Note	£	£

Current assets

Debtors	5	18,233	11,131
Cash at bank and in hand		75,427	26,631
		---------	---------
		93,660	37,762

Creditors: amounts falling due within one year	6	20,603	12,981
		---------	---------
Net current assets		73,057	24,781
		---------	---------
Total assets less current liabilities		73,057	24,781
		---------	---------
Net assets		73,057	24,781
		---------	---------

Mostyn House Leasehold Management Company Limited

Company Limited by Guarantee

Statement of Financial Position (continued)

31 December 2019

	2019	2018
Note	£	£

Capital and reserves

Sinking fund reserves	73,057	24,781
	---------	---------
Members funds	73,057	24,781
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;

- 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 22 September 2020 , and are signed on behalf of the board by:

Mr P Williams

Director

Company registration number: 08845503

Mostyn House Leasehold Management Company Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 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 St John's Chambers, Love Street, Chester, CH1 1QN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements are prepared in sterling, which is the functional currency of the entity. As a Residential Management company, a statutory trust exists over service charge monies received under Section 42 of the Landlord and Tenant Act 1987 and that the company accts as a trustee in this capacity For similar reasons, the closing balance of cash and other assets are held in trust by the company and include: o Bank balance o Debtors

Revenue recognition

Turnover comprises the total amount received by the company from the apartment owners of Mostyn House Flats to cover expenditure on services provided and future maintenance costs.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Company limited by guarantee

The company is limited by guarantee with no share capital.

5. Debtors

	2019	2018
	£	£
Trade debtors	2,737	3,222
Other debtors	15,496	7,909
	---------	---------
	18,233	11,131
	---------	---------

6. Creditors: amounts falling due within one year

	2019	2018
	£	£
Other creditors	20,603	12,981
	---------	---------