THE_OLD_KNIGHT_NUMBER_THR - Accounts

THE OLD KNIGHT NUMBER THREE MANAGEMENT COMPANY LIMITED - Company Information

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Company Registration No. 04907002 (England and Wales)

THE OLD KNIGHT NUMBER THREE MANAGEMENT COMPANY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

THE OLD KNIGHT NUMBER THREE MANAGEMENT COMPANY LIMITED

CONTENTS

PAGE

Abbreviated balance sheet

Notes to the abbreviated accounts

THE OLD KNIGHT NUMBER THREE MANAGEMENT COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

FIXED ASSETS

Tangible assets

Debtors

TOTAL ASSETS LESS CURRENT LIABILITIES

CAPITAL AND RESERVES

Called up share capital

SHAREHOLDERS' FUNDS

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

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 4 May 2016

M A Nicholls

DIRECTOR

COMPANY REGISTRATION NO. 04907002

THE OLD KNIGHT NUMBER THREE MANAGEMENT COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

ACCOUNTING POLICIES

1.1

ACCOUNTING CONVENTION

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

BASIS OF ACCOUNTING

The principal activity of the company in the year under review was that of the management of Price Close East, Warwick.

The company did not trade during the year and therefore made neither a profit or a loss.

As part of the management of that property, service charges are collected from lessees to meet the costs of managing the property. Service charges are held in trust for the benefit of the lessees. Accordingly the service charge income and expenditure is excluded from the company's accounts and separate service charge accounts are prepared for the mutual benefit of the members of the company.

1.2

COMPLIANCE WITH ACCOUNTING STANDARDS

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

CASH AT BANK AND IN HAND

The company holds monies held on behalf of the lessees deemed to be held in trust in accordance with section 42 of The Landlord and Tenants Act 1987. The bank balance is reflected in the service charge accounts.

1.4

SERVICE CHARGE ACCOUNTS

Separate service charge accounts are prepared detailing the income and expenditure for the property at Price Close East, Warwick.

SHARE CAPITAL

2015

2014

ALLOTTED, CALLED UP AND FULLY PAID

15 Ordinary shares of £1 each