| BHSE CHILTERNS STOKENCHURCH MANAGEMENT COMPANY LIMITED |
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| BALANCE SHEET |
| AS AT 31 March 2017 |
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Notes |
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2017 |
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2016 |
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£ |
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£ |
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| CURRENT ASSETS |
| Debtors |
6 |
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1,050 |
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2,441 |
| Cash at bank and in hand |
11,728 |
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15,997 |
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12,778 |
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18,438 |
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| CREDITORS: Amounts falling due within one year |
7 |
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12,768 |
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18,428 |
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| NET CURRENT ASSETS |
10 |
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10 |
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| NET ASSETS |
10 |
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10 |
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| CAPITAL AND RESERVES |
| Called up share capital |
9 |
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9 |
| Distributable profit and loss account |
1 |
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1 |
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| SHAREHOLDERS' FUNDS |
10 |
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10 |
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| These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities. |
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| For the financial year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
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| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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| Signed on behalf of the board of directors |
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| Philip Nigel Waite |
| Director |
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| Date approved by the board: 21 December 2017 |
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| BHSE CHILTERNS STOKENCHURCH MANAGEMENT COMPANY LIMITED |
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| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
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| 1 |
GENERAL INFORMATION |
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BHSE Chilterns Stokenchurch Management Company Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
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Unit 4 Stokenchurch Business Park |
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Ibstone Road |
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Stokenchurch |
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HP14 3FE |
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The financial statements are presented in Sterling, which is the functional currency of the company. |
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| 2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
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Basis of preparation of financial statements |
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These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006. |
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Debtors |
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Creditors |
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Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost. |
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| 3 |
TRANSITION TO FRS 102 |
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This is the first year in which the financial statements have been prepared under FRS 102. Note 8 gives an explanation of the effects of the transition. |
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| 4 |
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS |
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No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements. |
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| 5 |
EMPLOYEES |
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The average number of persons employed by the company (including directors) during the year was: |
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2017 |
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2016 |
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Average number of employees |
2 |
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2 |
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| 6 |
DEBTORS |
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2017 |
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2016 |
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£ |
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£ |
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Trade debtors |
1,050 |
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2,441 |
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2017 Trade creditors represents surplus service charge due back to tenants. |
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| 8 |
RECONCILIATIONS ON ADOPTION OF FRS 102 |
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These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102. The date of transition to FRS 102 is 1 April 2015. |
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Profit and loss for the year ended 31 March 2016 |
£ |
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Profit for the year under former UK GAAP |
- |
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Profit for the year under FRS 102 |
- |
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Balance sheet at 31 March 2016 |
£ |
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Equity under former UK GAAP |
10 |
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Equity under FRS 102 |
10 |
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Balance sheet at 1 April 2015 |
£ |
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Equity under former UK GAAP |
10 |
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Equity under FRS 102 |
10 |
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