124 Westexe South Management Company Limited - Period Ending 2014-10-31

Registration number: 07130474

124 Westexe South Management Company Limited

(A company limited by guarantee)

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2014
 

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

124 Westexe South Management Company Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

124 Westexe South Management Company Limited
(Registration number: 07130474)
Abbreviated Balance Sheet at 31 October 2014

		Note			2014 £			2013 £
Current assets
Debtors					283			22
Cash at bank and in hand					304			565
					587			587
Creditors: Amounts falling due within one year					(587)			(587)
Net assets/(liabilities)					-			-

For the year ending 31 October 2014 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 25 July 2015

Mr Jamie Oliver Wright
 Director

The notes on page 2 form an integral part of these financial statements.
Page 1

124 Westexe South Management Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... 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).

Format of accounts

In the opinion of the director, the standard format of the profit and loss account laid down by the Companies Act 2006 would not present a fair view of the results of the company. Accordingly the format of the profit and loss account has been amended under the provisions of the Companies Act 2006.

Service charges

Service charges represent the amounts recovered from the lessees to meet the costs of insurance, lighting & repairs and maintenance of the property.

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	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

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