| Ellerton Court Management Company Limited |
| Registered number: |
03900479 |
| Balance Sheet |
| as at 31 December 2020 |
|
| Notes |
|
|
2020 |
|
|
2019 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
750 |
|
|
1,780 |
| Cash at bank and in hand |
|
|
6,899 |
|
|
6,496 |
|
|
|
7,649 |
|
|
8,276 |
|
| Creditors: amounts falling due within one year |
4 |
|
(960) |
|
|
(480) |
|
| Net current assets |
|
|
|
6,689 |
|
|
7,796 |
|
| Net assets |
|
|
|
6,689 |
|
|
7,796 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
6,689 |
|
|
7,796 |
|
| Shareholders' funds |
|
|
|
6,689 |
|
|
7,796 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| K Small |
| Director |
| Approved by the board on 20 August 2021 |
|
| Ellerton Court Management Company Limited |
| Notes to the Accounts |
| for the year ended 31 December 2020 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Service charges |
|
The company is responsible for the management of Ellerton Court and collects service charges from lessees in order to fund expenditure incurred in the management of the property. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2020 |
|
2019 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2020 |
|
2019 |
| £ |
£ |
|
|
Trade debtors |
750 |
|
700 |
|
Other debtors |
- |
|
1,080 |
|
|
|
|
|
|
750 |
|
1,780 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2020 |
|
2019 |
| £ |
£ |
|
|
Trade creditors |
960 |
|
480 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Controlling party |
|
|
The directors do not consider there to be a controlling party. As the company is limited by guarantee, the members of the company have agreed to contribute £1.00 each to the assets of the company in the event of it being wound up. |
|
|
| 6 |
Other information |
|
|
Ellerton Court Management Company Limited is a private company limited by guarantee without share capital and incorporated in England. Its registered office is: |
|
Residential Management Group Limited |
|
RMG House |
|
Essex Road |
|
Hoddesdon |
|
EN11 0DR |
