Steadfast Management Limited - Period Ending 2015-12-31

Registration number: 03586254

Steadfast Management Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

A J Wheeler Limited
Chartered Certified Accountants
338 London Road
Portsmouth
Hampshire
PO2 9JY

Steadfast Management Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Steadfast Management Limited
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Steadfast Management Limited for the year ended 31 December 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Steadfast Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Steadfast Management Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Steadfast Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Steadfast Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Steadfast Management Limited. You consider that Steadfast 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 accounts of Steadfast 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 accounts.

......................................

A J Wheeler Limited
Chartered Certified Accountants
338 London Road
Portsmouth
Hampshire
PO2 9JY

19 December 2016

Page 1

Steadfast Management Limited
(Registration number: 03586254)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Current assets
Debtors					84			89
Cash at bank and in hand					3,270			3,095
					3,354			3,184
Creditors: Amounts falling due within one year					(1,308)			(1,351)
Net assets					2,046			1,833
Capital and reserves
Called up share capital		2			254			258
Profit and loss account					1,792			1,575
Shareholders' funds					2,046			1,833

For the year ending 31 December 2015 the company was entitled to exemption 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 .

Approved by the Board on 19 December 2016 and signed on its behalf by:

.........................................
Mr Nicholas Faulkner
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Steadfast Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

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	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2
Non partcipating property shares of £1 each		252			252			256			256
		254			254			258			258

3

Control

The company is controlled by Hampshire County Estates Limited The ordinary share capital giving full control is held by Hampshire County Estates Limited. This company is controlled by Mr N A Faulkner who by this nature also controls Steadfast Management Limited..

Page 3