The Hollies 2003 MCL - Limited company accounts 17.3

REGISTERED NUMBER: 04728086 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2017

FOR

THE HOLLIES 2003 MANAGEMENT

COMPANY LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

C R Wood

R A Young

SECRETARY:

Town & City Management Ltd

REGISTERED OFFICE:

c/o Town & City Management Ltd

2nd Floor, Norh Point

Faverdale North

Darlington

Co. Durham

DL3 0PH

REGISTERED NUMBER:

04728086 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

The directors present their report with the financial statements of the company for the year ended 30th April 2017.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st May 2016 to the date of this report.

C R Wood

R A Young

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

R A Young - Director

3rd December 2017

INCOME

13,178

13,371

Service charge expenditure

12,926

12,974

OPERATING PROFIT

252

397

Interest receivable and similar income

4

PROFIT BEFORE TAXATION

256

401

Tax on profit

1

PROFIT FOR THE FINANCIAL YEAR

255

400

CURRENT ASSETS

Debtors

3

10,575

8,736

CREDITORS

Amounts falling due within one year

4

10,565

8,726

NET CURRENT ASSETS

10

TOTAL ASSETS LESS CURRENT
LIABILITIES

10

CAPITAL AND RESERVES

Called up share capital

10

SHAREHOLDERS' FUNDS

10

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3rd December 2017 and were signed on its behalf
by:

R A Young - Director

1.	STATUTORY INFORMATION

The Hollies 2003 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.

Presentation of the income statement

The presentation of the Income Statement on page 3 has been modified from the prescribed format for company

accounts in order to provide more information to residents and other parties who may be interested in the

expenditure incurred in the management of the property.

Income

During the year, the company received monies from lessees, as agent, in respect of service charges and related

income, which are held on trust and do not comprise turnover.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/17

30/4/16

£

Trade debtors

462

212

Other debtors

10,113

8,524

10,575

8,736

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/17

30/4/16

£

Trade creditors

505

315

Other creditors

10,060

8,411

10,565

8,726

5.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 30th April 2017 (2016 - none).

6.	CAPITAL COMMITMENTS

30/4/17

30/4/16

£

Contracted but not provided for in the

financial statements

-

7.	FIRST YEAR ADOPTION

These financial statements are the first which the company has prepared in accordance with the provisions of

Financial Reporting Standard 102 (FRS 102), including those of Section 1A relating to "Small Entities". The

transition to FRS 102 has had no effect on any item included within the opening balance sheet of the comparative

period at 1st May 2015, the income statement for the comparative period ended 30th April 2016 or the closing

balance sheet of the comparative period at 30th April 2016.