Bellway Close Management Company Limited Company Accounts

BELLWAY CLOSE MANAGEMENT COMPANY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05533128

BELLWAY CLOSE MANAGEMENT COMPANY LIMITED

Company Limited by Guarantee

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2016

BELLWAY CLOSE MANAGEMENT COMPANY LIMITED

COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2016

CONTENTS	PAGES

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3 to 4

BELLWAY CLOSE MANAGEMENT COMPANY LIMITED

COMPANY LIMITED BY GUARANTEE

OFFICERS AND PROFESSIONAL ADVISERS

THE BOARD OF DIRECTORS	Mr G Gray
	Mr P Bracey
	Mr S Brown

COMPANY SECRETARY	Ms J Hicks

REGISTERED OFFICE	Perfecta Works
	Bath Road
	Kettering
	Northants
	NN16 8NQ

ACCOUNTANTS	Meadows & Co Limited
	Chartered accountant
	Headlands House
	1 Kings Court
	Kettering Parkway
	Kettering
	NN15 6WJ

BELLWAY CLOSE MANAGEMENT COMPANY LIMITED

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31 December 2016

	2016		2015
Note	£	£	£	£

CURRENT ASSETS

Debtors	5	18,189	13,153
Cash at bank and in hand		7,421	6,165
		--------	--------
		25,610	19,318

CREDITORS: amounts falling due within one year	6	25,610		19,318

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 financial statements were approved by the board of directors and authorised for issue on 16 June 2017 , and are signed on behalf of the board by:

Mr G Gray Director

Company registration number: 05533128

BELLWAY CLOSE MANAGEMENT COMPANY LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2016

1. GENERAL INFORMATION

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Perfecta Works, Bath Road, Kettering, Northants, NN16 8NQ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. COMPANY LIMITED BY GUARANTEE

In accordance with the companies memorandum of association, the members have given a personal guarantee of £10.

5. DEBTORS

	2016	2015
	£	£
Trade debtors	16,120	11,168
Other debtors	2,069	1,985
	--------	--------
	18,189	13,153
	--------	--------

6. CREDITORS: amounts falling due within one year

	2016	2015
	£	£
Bank loans and overdrafts	249	134
Trade creditors	290	291
Other creditors	25,071	18,893
	--------	--------
	25,610	19,318
	--------	--------

7. TRANSITION TO FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.

No transitional adjustments were required in equity or profit or loss for the year.