Abbreviated Company Accounts - 193 SUSSEX GARDENS RIGHT TO MANAGE LIMITED

193 SUSSEX GARDENS RIGHT TO MANAGE LIMITED - Company Information

Registered Number 05424367

193 SUSSEX GARDENS RIGHT TO MANAGE LIMITED

Abbreviated Accounts

30 April 2016

193 SUSSEX GARDENS RIGHT TO MANAGE LIMITED Registered Number 05424367

Abbreviated Balance Sheet as at 30 April 2016

	2016	2015
	£	£
Current assets
Debtors	10,266	11,548
Cash at bank and in hand	6,114	4,809
	16,380	16,357
Creditors: amounts falling due within one year	(7,357)	(6,595)
Net current assets (liabilities)	9,023	9,762
Total assets less current liabilities	9,023	9,762
Creditors: amounts falling due after more than one year	(888)	(888)
Provisions for liabilities	(13,648)	(14,387)
Total net assets (liabilities)	(5,513)	(5,513)
Reserves
Income and expenditure account	(5,513)	(5,513)
Members' funds	(5,513)	(5,513)

For the year ending 30 April 2016 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 27 February 2017

And signed on their behalf by:
DR D K AGBLE, Director

193 SUSSEX GARDENS RIGHT TO MANAGE LIMITED Registered Number 05424367

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2015.

Turnover policy
The turnover shown in the income and expenditure account is attributable to property management services.

Other accounting policies
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

Taxation

The company is a mutual trader whose income, other than interest income, is derived from members and thus is not subject to corporation tax. Tax at the rate applicable to trusts is payable on interest income from bank deposits.

RELATED PARTY TRANSACTIONS

No transactions with related parties were undertaken such as are required to be disclosed under FRSSE.

2Company limited by guarantee
231 Sussex Gardens Right to Manage Limited is incorporated as a company limited by guarantee and so does not have share capital.

The guarantee of the members is limited to a contribution of £10 each in the event of the company being wound up.