Oakgrove (Milton Keynes) Residents Mana - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08233691 (England and Wales)

OAKGROVE (MILTON KEYNES) RESIDENTS

MANAGEMENT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S W Black

D O Clark

T Sadler

M J Evans

SECRETARY:

Broadoak Management Limited

REGISTERED OFFICE:

Broadoak Management Ltd

Unit 7

Hockcliffe Business Park

Hockcliffe

Bedfordshire

LU7 9NB

REGISTERED NUMBER:

08233691 (England and Wales)

ACCOUNTANTS:

Haines Watts Service Charge Limited

42 High Street

Flitwick

Bedfordshire

MK45 1DU

TOTAL ASSETS LESS CURRENT LIABILITIES

-

-

RESERVES

-

-

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 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:

D O Clark - Director

1.	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.

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 (Milton Keynes) 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 is limited by guarantee and has no share capital.