ACCOUNTS - Final Accounts

WHITLINGHAM HALL MANAGEMENT COMPANY LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-06-302017-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2016-07-01 04311669 2016-07-01 2017-06-30 04311669 2017-06-30 04311669 2016-06-30 04311669 c:Director3 2016-07-01 2017-06-30 04311669 c:Director14 2016-07-01 2017-06-30 04311669 d:CurrentFinancialInstruments 2017-06-30 04311669 d:CurrentFinancialInstruments 2016-06-30 04311669 d:CurrentFinancialInstruments d:WithinOneYear 2017-06-30 04311669 d:CurrentFinancialInstruments d:WithinOneYear 2016-06-30 04311669 d:ShareCapital 2017-06-30 04311669 d:ShareCapital 2016-06-30 04311669 d:RetainedEarningsAccumulatedLosses 2017-06-30 04311669 d:RetainedEarningsAccumulatedLosses 2016-06-30 04311669 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2017-06-30 04311669 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2016-06-30 04311669 c:FRS102 2016-07-01 2017-06-30 04311669 c:AuditExempt-NoAccountantsReport 2016-07-01 2017-06-30 04311669 c:FullAccounts 2016-07-01 2017-06-30 04311669 c:PrivateLimitedCompanyLtd 2016-07-01 2017-06-30 iso4217:GBP

Registered number: 04311669

WHITLINGHAM HALL MANAGEMENT COMPANY LIMITED

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

WHITLINGHAM HALL MANAGEMENT COMPANY LIMITED

REGISTERED NUMBER: 04311669

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2017

		2017		2016
Note		£		£


Current assets
Debtors: amounts falling due within one year	3	7,955		7,117
Cash at bank and in hand		116,853		304,242
		124,808		311,359
Creditors: amounts falling due within one year	4	(980)		(183,564)
Net current assets			123,828		127,795
Total assets less current liabilities			123,828		127,795

Net assets			123,828		127,795

Capital and reserves
Called up share capital	56	56
Profit and loss account	123,772	127,739
	123,828	127,795

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................ K Gardner	................................................ R G Gibson
Director	Director

Date: 5 February 2018

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WHITLINGHAM HALL MANAGEMENT COMPANY LIMITED

REGISTERED NUMBER: 04311669

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2017

The notes on pages 3 to 5 form part of these financial statements.

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WHITLINGHAM HALL MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

1.	General information

Whitlingham Hall Management Limited is a private company limited by shares and incorporated in England and Wales, registration number 04311669. The registered office is King Street House, 15 Upper King Street, Norwich, NR3 1RB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors

					2017	2016
					£	£

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WHITLINGHAM HALL MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

3.Debtors (continued)

Trade debtors	6,351	5,510
Other debtors	1,604	1,607
	7,955	7,117

4.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Accruals and deferred income	980	183,564
	980	183,564

5.	Financial instruments
		2017	2016
		£	£

Financial assets
Financial assets measured at fair value through profit or loss	116,853	304,242
	116,853	304,242

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WHITLINGHAM HALL MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

6.	Reserves
	Service charge income is charged and collected on the basis of an expectation of current and future expenditure from four individual cost centres. Undesignated reserved mainly represent the cumulative service charges collected in excess of expenditure to date, the budgeted transfer to the four cost centres reserves and advances from reserves for the annual insurance payment.
		2017	2016
		£	£

General estates	67,507	66,007
Main Hall	9,870	463
Courtyard	8,314	9,680
Stables	(819)	20,261
Undesignated reserve	38,900	31,328
	123,772	127,739

7.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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