HOPTON_MANAGEMENT_COMPANY - Accounts

HOPTON MANAGEMENT COMPANY LIMITED - Company Information

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Company Registration No. 06344737 (England and Wales)

HOPTON MANAGEMENT COMPANY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

HOPTON MANAGEMENT COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

HOPTON MANAGEMENT COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Current assets

Cash at bank and in hand

Total assets less current liabilities

Capital and reserves

Called up share capital

Shareholders' funds

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 30 May 2017

Nigel Reynolds

Director

Company Registration No. 06344737

HOPTON MANAGEMENT COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 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).

Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of Section 42 of the Landlord and Tenant Act 1987 and the company acts as a trustee in this capacity. Information relating to service charges is dealt with as a separate statement of account.

The trust bank balance is not included in these accounts. The trust bank balance at 31 August 2016 was £9,477 (2015: £9,648).

The company acts as principal when transacting with third party suppliers in the management and arrangement of maintenance of the property.

The company recognises the service charges expense arising from the maintenance of the property in its profit and loss account.

1.2

Turnover

Income represents the amount the company is entitled to draw from service charge monies to meet the service charge expenses arising from its management and arrangement of maintenance of the property.

1.3

Accounting framework

The statutory accounts and service charge statement complies with changes in past years as required by Accounting for Service Charges Technical Release 03/11 issued by the Institute of Chartered Accountants in England & Wales in October 2011 and FRED 50 Residential Management Companies' Financial Statements issued by the Financial Reporting Council in August 2013.

Share capital

2016

2015

Allotted, called up and fully paid

24 ordinary shares of £1 each