Micro-entity Accounts - STATION ROAD (GLENFIELD) MANAGEMENT COMPANY LIMITED
Micro-entity Accounts - STATION ROAD (GLENFIELD) MANAGEMENT COMPANY LIMITED
Registered Number 06946744
STATION ROAD (GLENFIELD) MANAGEMENT COMPANY LIMITED
Micro-entity Accounts
31 December 2016
STATION ROAD (GLENFIELD) MANAGEMENT COMPANY LIMITED Registered Number 06946744
Micro-entity Balance Sheet as at 31 December 2016
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£ | £ | ||
Current Assets |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 1 |
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Other reserves |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 December 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 Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
STATION ROAD (GLENFIELD) MANAGEMENT COMPANY LIMITED Registered Number 06946744
Notes to the Micro-entity Accounts for the period ended 31 December 2016
2Accounting Policies
Basis of measurement and preparation of accounts
The company was formed for the sole purpose of managing and administering as Trustee, the communal responsibilities of the freehold residential properties at Field Gate Gardens, Glenfield, Leicester. Funds are only receivable from the company's members and can only be applied for the discharge of communal expenditure and administration costs. The company contracts as Principal rather than Agent for the supply of goods and services and consequently records all income and expenditure in its financial statements on an accruals basis. As Trustee, the company does not enjoy legal ownership of the assets and funds under its control. However, in the opinion of the directors, the overriding requirement of prevailing legislation is that the company's accounts should show a true and fair view of its activities during the year, which is achieved by providing a comprehensive accounting to the residents / members of all assets and liabilities under its control.