186 Bishopsgate Management Limited - Limited company accounts 20.1

186 Bishopsgate Management Limited - Limited company accounts 20.1

186 BISHOPSGATE MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 03463599 (England and Wales)










REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

186 BISHOPSGATE MANAGEMENT LIMITED
186 BISHOPSGATE MANAGEMENT LIMITED (REGISTERED NUMBER: 03463599)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020




Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


186 BISHOPSGATE MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTOR: V Dattani





SECRETARY: Michael Laurie Magar Limited





REGISTERED OFFICE: C/O MLM
Premiere House
Elstree Way
Borehamwood
Hertfordshire
WD6 1JH





REGISTERED NUMBER: 03463599 (England and Wales)





ACCOUNTANTS: Websters
12 Melcombe Place
London
NW1 6JJ
Page 1
186 BISHOPSGATE MANAGEMENT LIMITED (REGISTERED NUMBER: 03463599)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 DECEMBER 2020

The director presents his report with the financial statements of the company for the year ended 31 December 2020.

PRINCIPAL ACTIVITY
The company's principal activities comprise the control, supervision and management, on behalf of the lessees, of the site known as 186 Bishopsgate, London EC2M 4NR. Northern Trust Fiduciary Services (Guernsey) Limited and Arnold Limited both registered in Guernsey own the reversionary freehold interest.

DIRECTOR
V Dattani held office during the whole of the period from 1 January 2020 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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:





V Dattani - Director


17 June 2021

Page 2
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
186 BISHOPSGATE MANAGEMENT LIMITED


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 186 Bishopsgate Management Limited for the year ended 31 December 2020 which comprise the Income Statement, Balance Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of 186 Bishopsgate Management Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 186 Bishopsgate Management Limited and state those matters that we have agreed to state to the director of 186 Bishopsgate Management Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 186 Bishopsgate Management Limited and its director for our work or for this report.

It is your duty to ensure that 186 Bishopsgate Management 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 186 Bishopsgate Management Limited. You consider that 186 Bishopsgate Management 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 186 Bishopsgate Management 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.






Websters
12 Melcombe Place
London
NW1 6JJ


17 June 2021

This page does not form part of the statutory financial statements

Page 3
186 BISHOPSGATE MANAGEMENT LIMITED (REGISTERED NUMBER: 03463599)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2020

31.12.20 31.12.19
Notes £    £   

SERVICE CHARGE RECEIVABLE - -
OPERATING PROFIT and
PROFIT BEFORE TAXATION - -

Tax on profit 5 - -
PROFIT FOR THE FINANCIAL YEAR - -

The notes form part of these financial statements

Page 4
186 BISHOPSGATE MANAGEMENT LIMITED (REGISTERED NUMBER: 03463599)

BALANCE SHEET
31 DECEMBER 2020

31.12.20 31.12.19
Notes £    £   
CURRENT ASSETS
Debtors 6 190 190
TOTAL ASSETS LESS CURRENT
LIABILITIES
190
190

CAPITAL AND RESERVES
Called up share capital 190 190
SHAREHOLDERS' FUNDS 190 190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 17 June 2021 and were signed by:





V Dattani - Director


The notes form part of these financial statements

Page 5
186 BISHOPSGATE MANAGEMENT LIMITED (REGISTERED NUMBER: 03463599)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

1. STATUTORY INFORMATION

186 Bishopsgate Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Service charge funds
The company receives contributions towards property outgoings from the lessees to the service charge fund. However, as set out in Section 42 of The Landlord & Tenant Act 1987, the company holds these funds in trust for the lessees and therefore it is the opinion of the directors that these contributions along with the assets and liabilities of the service charge fund should not be reflected in the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. OPERATING PROFIT

The directors received no remuneration in respect of their services to the company for the year.

5. TAXATION

Service charge funds are held by the company in trust for the tenants and hence any income tax chargeable at the rate applicable to such trusts is not reflected in these accounts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Other debtors 190 190

7. ULTIMATE CONTROLLING PARTY

The company is controlled by a voting majority of its shareholders and accordingly there is no controlling related party.

Page 6