POWELL GARDENS (NEWHAVEN) NO. 1 MNG LTD - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 01176541 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 24 June 2014

for

Powell Gardens (Newhaven) No. 1

Managements Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P Hare

SECRETARY:

REGISTERED OFFICE:

10 South Way

Newhaven

East Sussex

BN9 9LL

REGISTERED NUMBER:

01176541 (England and Wales)

ACCOUNTANTS:

Tasker Osman & Co

10 South Way

Newhaven

East Sussex

BN9 9LL

SOLICITORS:

FIXED ASSETS

Tangible assets

2

1,800

1,800

CURRENT ASSETS

Debtors

-

130

Cash at bank

6,816

5,358

6,816

5,488

CREDITORS

Amounts falling due within one year

660

600

NET CURRENT ASSETS

6,156

4,888

TOTAL ASSETS LESS CURRENT LIABILITIES

7,956

6,688

CAPITAL AND RESERVES

Called up share capital

3

6

6

Other reserves

1,500

1,500

Profit and loss account

6,450

5,182

SHAREHOLDERS' FUNDS

7,956

6,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 June 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 2 August 2014 and were signed by:

P Hare - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 25 June 2013

and 24 June 2014

1,800

NET BOOK VALUE

At 24 June 2014

1,800

At 24 June 2013

1,800

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

24.6.14

24.6.13

value:

£

£

6

Ordinary

1

6

6