West Mills Yard Management Company Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02301650 (England and Wales)

Financial Statements for the Year Ended 30 June 2017

for

West Mills Yard Management Company

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTORS:

C Woodhead

G Leech

SECRETARY:

G A Copps

REGISTERED OFFICE:

St Luke's House

Oxford Square

Newbury

Berkshire

RG14 1JQ

REGISTERED NUMBER:

02301650 (England and Wales)

ACCOUNTANTS:

Maughans Limited

Norfolk House

75 Bartholomew Street

Newbury

Berkshire

RG14 5DU

FIXED ASSETS

Tangible assets

3

100

100

CURRENT ASSETS

Debtors

4

416

990

Cash at bank

16,991

12,009

17,407

12,999

CREDITORS

Amounts falling due within one year

5

4,711

4,936

NET CURRENT ASSETS

12,696

8,063

TOTAL ASSETS LESS CURRENT LIABILITIES

12,796

8,163

CAPITAL AND RESERVES

Called up share capital

12

12

Road maintenance fund

6

1,895

1,263

Retained earnings

6

10,889

6,888

SHAREHOLDERS' FUNDS

12,796

8,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 23 November 2017 and were signed on its behalf by:

C Woodhead - Director

1.	STATUTORY INFORMATION

West Mills Yard Management Company 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

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.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 July 2016

and 30 June 2017

100

NET BOOK VALUE

At 30 June 2017

100

At 30 June 2016

100

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

-

703

VAT

355

206

Prepayments

61

81

416

990

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

761

658

Receipt in advance

3,550

3,190

Accrued expenses

400

1,088

4,711

4,936

6.

RESERVES

Road

Retained

maintenance

earnings

fund

Totals

£

£

£

At 1 July 2016

6,888

1,263

8,151

Profit for the year

4,633

4,633

Road maintenance fund

-

632

632

Road maintenance fund transfer

(632

)

-

(632

)

At 30 June 2017

10,889

1,895

12,784

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors are all involved with companies that own shares in West Mills Yard Management Company

Limited.The rent is received through an independent receiving agent.

The following reproduces the text of the report prepared for the directors and members 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 Balance Sheet. 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended

30 June 2017 set out on pages three to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

We have performed the procedures detailed below for the year ended 30 June 2017 in order to provide a report of the

factual findings about the service charge accounts that you have issued

Basis of report

Our work was carried out having regard to TECH 03/11 "Residential Service Charge Accounts" published jointly by the

professional accountancy bodies with ARMA and RICS. In summary, the procedures we carried out with respect to the

service charge accounts were:

1. We obtained the service charge accounts and checked whether the figures in the accounts were extracted correctly

from the accounting records maintained on behalf of the landlord;

2. We checked, based on a sample, whether entries in the accounting records were supported by receipts; and

3. We checked whether the balance of service charge monies for this property shown on page 4 of the accounts agreed to

the agent's account in which the funds are held.

Because the above procedures do not constitute either an audit or a review made in accordance with International

Standards on Auditing (UK and Ireland) or International Standards on Review Engagements, we do not express any

assurance on the service charge accounts other than in making the factual statements set out below.

Had we performed additional procedures or had we performed an audit or review of the financial statements in

accordance with International Standards on Auditing (UK and Ireland) or International Standards on Review

Engagements, other matters might have come to our attention that would have been reported to you.

Report of factual findings:

a) With respect to item 1 we found the figures in the statement of account to have been extracted correctly from the

accounting records.

b) With respect to item 2 we found that those entries in the accounting records that we checked were supported by

receipts.

c) With respect to item 3 we found that the balance of service charge monies shown on page 4 of the service charge

accounts agrees to the agent's account in which the funds are held.

Maughans Limited

Norfolk House

75 Bartholomew Street

Newbury

Berkshire

RG14 5DU

25 November 2017