Beacon (St. Andrews) Management Company Ltd - Period Ending 2015-03-31

Company registration number: 01620006

Beacon (St. Andrews) Management Company Ltd
 
  Annual Report and Unaudited Abbreviated Accounts
 
  Period from 1 January 2014 to 31 March 2015
 
 

Beresfords
  Chartered Accountants
  Castle House
  Castle Hill Avenue
  Folkestone
  Kent
  CT20 2TQ

Beacon (St. Andrews) Management Company Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3

Beacon (St. Andrews) Management Company Ltd
(Company registration number: 01620006)
Abbreviated Balance Sheet
31 March 2015

		Note			31 March 2015 £			31 December 2013 £
Current assets
Debtors					489			939
Cash at bank and in hand					14,473			10,968
					14,962			11,907
Creditors: Amounts falling due within one year					(3,517)			(1,398)
Net assets					11,445			10,509
Capital and reserves
Called up share capital		2			12			12
Profit and loss account					11,433			10,497
Shareholders' funds					11,445			10,509

The notes on page 3 form an integral part of these financial statements.
 
  Page 1

Beacon (St. Andrews) Management Company Ltd
(Company registration number: 01620006)
Abbreviated Balance Sheet
31 March 2015......... continued

For the year ending 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 19 June 2015 and signed on its behalf by:

 
 
 
  .........................................
 Mr S J Steer
 Director

The notes on page 3 form an integral part of these financial statements.
 
  Page 2

Beacon (St. Andrews) Management Company Ltd
Notes to the Abbreviated Accounts
Period from 1 January 2014 to 31 March 2015......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Income represents service charges receivable from the residential lessees

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	31 March 2015						31 December 2013
		No.			£			No.			£
Ordinary shares of £1 each		12			12			12			12

3

Control

The company is controlled by the residential lessees. Each lessee holds one share in the company. This share is transfered when the property is sold to a new lessee.

Page 3