Curo Park Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04406565 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Curo Park Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Nayee

SECRETARY:

K A MacBain

REGISTERED OFFICE:

1 Theobald Court

Theobald Street

Borehamwood

Hertfordshire

WD6 4RN

REGISTERED NUMBER:

04406565 (England and Wales)

CURRENT ASSETS

Debtors

3

4,706

6,977

Cash at bank

22,774

22,052

27,480

29,029

CREDITORS

Amounts falling due within one year

4

25,941

27,490

NET CURRENT ASSETS

1,539

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,539

CAPITAL AND RESERVES

Called up share capital

5

9

Retained earnings

1,530

SHAREHOLDERS' FUNDS

1,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 12 July 2018 and were signed by:

M Nayee - Director

1.	STATUTORY INFORMATION

Curo Park Management 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Service charge debtors

4,076

2,990

Deficit recoverable from freeholders

-

2,149

Supplier payments in

advance

167

1,394

Prepayments

463

444

4,706

6,977

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Trade creditors

273

330

Surplus repayable to

freeholders

4,222

4,936

VAT

533

1,269

Other creditors

14,895

Service charges received in

advance

3,833

4,345

Accrued expenses

2,185

1,715

25,941

27,490

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

9

Ordinary

£1

9

6.	RELATED PARTY DISCLOSURES

The sole director of this company is also a director and shareholder of Boston Limited, a company which owns

one of the freehold properties within the Curo Park Estate. Other than the normal service charges rendered by

this company to Boston Limited no other transactions took place between the two entities.

7.	BANK ACCOUNT

For the period of these accounts, monies maintained by the managing agents, Fresh Property Management

Limited were and are held by way of a statutory trust, in interest bearing no notice designated client bank

accounts as follows:

Barclays Bank Plc - St Albans 2, Leicester - (Account designated as "Fresh Property Management Limited re

Curo Park client account")

This is in accordance with Section 42 and Section 42A of the Landlord and Tenant Act 1987.

8.

TAXATION

The company operates on a mutual trading basis and is not liable to Corporation Tax. Funds held by the

company on behalf of the residents are deemed to be a trust under Section 42 of the Landlord & Tenant Act

1987 and liable to taxation of 20% on interest received.

Curo Park Management Limited - Accounts to registrar (filleted) - small 18.2

Curo Park Management Limited - Accounts to registrar (filleted) - small 18.2