Asturian Gate Management Company Limited - Accounts to registrar (filleted) - small 17.3
Asturian Gate Management Company Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
FOR |
ASTURIAN GATE MANAGEMENT COMPANY LIMITED |
ASTURIAN GATE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04776178) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Statement of Financial Position | 3 |
Notes to the Financial Statements | 4 |
ASTURIAN GATE MANAGEMENT COMPANY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Phoenix Park |
Blakewater Road |
Blackburn |
Lancashire |
BB1 5BG |
BANKERS: |
35 King Williams Street |
Blackburn |
Lancashire |
BB1 7DL |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
ASTURIAN GATE MANAGEMENT COMPANY LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Statement of Financial Position. Readers are cautioned that the Income |
Statement and certain other primary statements and the Report of the Directors are not required to be |
filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
the financial statements of Asturian Gate Management Company Limited for the year ended 31 March 2017 |
which comprise the Income Statement, Statement of Financial Position and the related notes from the |
company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Asturian Gate Management Company Limited, as a body, in accordance with the terms of our engagement letter dated 6 June 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Asturian Gate Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Asturian Gate Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Asturian Gate Management Company Limited Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Asturian Gate Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Asturian Gate Management Company Limited. You consider that Asturian Gate Management Company Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Asturian Gate Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
Phoenix Park |
Blakewater Road |
Blackburn |
Lancashire |
BB1 5BG |
ASTURIAN GATE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04776178) |
STATEMENT OF FINANCIAL POSITION |
31 MARCH 2017 |
2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Reserve fund - Estate | 5 |
Reserve fund- Block no lift |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on behalf by: |
ASTURIAN GATE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04776178) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
1. | STATUTORY INFORMATION |
Asturian Gate Management Company Limited is a |
Not specified/Other. 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 |
Turnover |
Revenue 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the statement of financial position 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 |
2017 | 2016 |
£ | £ |
Trade debtors |
Other debtors |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
Other creditors |
ASTURIAN GATE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04776178) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
5. | RESERVES |
Reserve |
fund - |
Estate |
£ |
At 1 April 2016 |
Redistribution | 3,815 |
At 31 March 2017 |
6. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr R Neville. |
7. | COMPANY LIMITED BY GUARANTEE |
The company is limited by guarantee without share capital. |
All members of the company shall undertake to contribute such amount as is required (not to exceed |
£1) to the assets of the company should it be wound up whilst he or she is a member or within one |
year after he or she ceases to be a member, full payment of companies debts and liabilities contracted |
before he or she cease to be a member and of any costs, expenses and charges incurred in the |
winding up, and for the adjustment of the rights of the contributories among themselves. |
There is a legal charge dated 30 November 2007 between Asturian Gate Management Company |
Limited and East Lancashire Primary Care Trust securing the payment of all such overage monies |
(with interest) as may become due under a Deed of Covenant. |