Oakgrove (Backus Lodge) Man Co Ltd - Accounts to registrar (filleted) - small 17.3
Oakgrove (Backus Lodge) Man Co Ltd - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
OAKGROVE (BACKUS LODGE) MANAGEMENT |
COMPANY LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
OAKGROVE (BACKUS LODGE) MANAGEMENT |
COMPANY LTD (REGISTERED NUMBER: 08722761) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
OAKGROVE (BACKUS LODGE) MANAGEMENT |
COMPANY LTD |
COMPANY INFORMATION |
For The Year Ended 31 March 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
42 High Street |
Flitwick |
Bedfordshire |
MK45 1DU |
OAKGROVE (BACKUS LODGE) MANAGEMENT |
COMPANY LTD (REGISTERED NUMBER: 08722761) |
BALANCE SHEET |
31 March 2017 |
2017 | 2016 |
£ | £ |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES | - | - |
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 by: |
OAKGROVE (BACKUS LODGE) MANAGEMENT |
COMPANY LTD (REGISTERED NUMBER: 08722761) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2017 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Service charge funds |
The company is responsible for the management of the property known as Oakgrove (Backus Lodge) and has |
instructed a managing agent to collect service charges from lessees in order to fund expenditure incurred in the |
management of the property. The service charge funds are held in trust on behalf of the leaseholders as |
required by Section 42 of the Landlord & Tenant Act 1987. All service charge transactions relating to the |
management of the property are reported separately and are excluded from the company's financial |
statements. |
2. | SHARE CAPITAL |
The company has no share capital and is limited by guarantee. |