Staincross House Management Company Limited - Period Ending 2020-03-24
Staincross House Management Company Limited - Period Ending 2020-03-24
Registration number:
Staincross House Management Company Limited
for the Year Ended 24 March 2020
Staincross House Management Company Limited
Contents
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Staincross House Management Company Limited
(Registration number: 01224131)
Balance Sheet as at 24 March 2020
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Note |
2020 |
2019 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
500 |
500 |
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Other reserves |
2,004 |
50,879 |
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Profit and loss account |
2,175 |
2,175 |
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Shareholders' funds |
4,679 |
53,554 |
For the financial year ending 24 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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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 accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
Staincross House Management Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 24 March 2020
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - '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 and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised at the transaction price.
Staincross House Management Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 24 March 2020
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Debtors |
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2020 |
2019 |
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Trade debtors |
- |
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Prepayments |
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Staincross House Management Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 24 March 2020
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Creditors |
Creditors: amounts falling due within one year
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2020 |
2019 |
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Due within one year |
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Trade creditors |
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- |
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Accruals and deferred income |
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Share capital |
Allotted, called up and fully paid shares
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2020 |
2019 |
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No. |
£ |
No. |
£ |
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500 |
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500 |
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Related party transactions |
Summary of transactions with other related parties
All the directors pay rent and service charges to the company, at the full rate, in respect of the properties they own in Staincross House. At the balance sheet date the amount due to the directors was £87 (2019 - the amount due from the directors was £475).