Curo Park Management Limited - Accounts to registrar

REGISTERED NUMBER: 04406565 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Curo Park Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Nayee

SECRETARY:

K A MacBain

REGISTERED OFFICE:

5 Theobald Court

Theobald Street

Elstree

Hertfordshire

WD6 4RN

REGISTERED NUMBER:

04406565 (England and Wales)

ACCOUNTANTS:

VBK Accountancy Limited

21 Hillersdon Avenue

Edgware

Middlesex

HA8 7SG

CURRENT ASSETS

Debtors

3

6,977

3,306

Cash at bank

22,052

15,221

29,029

18,527

CREDITORS

Amounts falling due within one year

4

27,490

16,988

NET CURRENT ASSETS

1,539

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,539

CAPITAL AND RESERVES

Called up share capital

9

Retained earnings

1,530

SHAREHOLDERS' FUNDS

1,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 13 October 2017 and were signed by:

M Nayee - Director

1.	STATUTORY INFORMATION

Curo Park Management Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Service Charge debtors

6,533

2,302

Other debtors

444

1,004

6,977

3,306

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade creditors

5,266

341

Taxation and social security

1,269

-

Other creditors

20,955

16,647

27,490

16,988

5.	RELATED PARTY DISCLOSURES

The sole director of this company is also a director and shareholder of Boston Limited, a company

which owns one of the freehold properties within the Curo Park Estate. Other than the normal service

charges rendered by this company to Boston Limited no other transactions took place between the two

entities.

6.	BANK ACCOUNT

For the period of these accounts, monies maintained by the managing agents, Fresh Property

Management Limited were and are held by way of a statutory trust, in interest bearing no notice

designated client bank accounts as follows:

Barclays Bank Plc - St Albans 2, Leicester - (Account designated as "Fresh Property Management

Limited re Curo Park client account")

This is in accordance with Section 42 and Section 42A of the Landlord and Tenant Act 1987.

7.

TAXATION

The company operates on a mutual trading basis and is not liable to Corporation Tax. Funds held by

the company on behalf of the residents are deemed to be a trust under Section 42 of the Landlord &

Tenant Act 1987 and liable to taxation of 20% on interest received.

Curo Park Management Limited - Accounts to registrar - small 17.2

Curo Park Management Limited - Accounts to registrar - small 17.2