ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

BURSTOW COURT MANAGEMENT LIMITED - Company Information

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Registered number: 3263639









BURSTOW COURT MANAGEMENT LIMITED
(A company limited by guarantee)








DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017
 
BURSTOW COURT MANAGEMENT LIMITED
 
(A company limited by guarantee)
 
 
COMPANY INFORMATION


Directors
F.E. Risley 
P.J. Parkinson 
M Gillard (appointed 9 May 2017)




Company secretary
HML Company Secretarial Services Ltd



Registered number
3263639



Registered office
94 Park Lane

Croydon

Surrey

CR0 1JB




Accountants
Braidwood & Company
Chartered Accountants

Lowood

The Street

Betchworth

Surrey

RH3 7DJ




Bankers
Barclays Bank plc
82 High Street

Epsom

Surrey




 
BURSTOW COURT MANAGEMENT LIMITED
 
(A company limited by guarantee)
 

CONTENTS



Page
Directors' report
1
Accountants' report
2
Statement of income and retained earnings
3
Balance sheet
4
Notes to the financial statements
5 - 6

 
BURSTOW COURT MANAGEMENT LIMITED

(A company limited by guarantee)
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 OCTOBER 2017

The directors present their report and the financial statements for the year ended 31 October 2017.

Directors

The directors who served during the year were:

F.E. Risley 
P.J. Parkinson 
M Gillard (appointed 9 May 2017)

This report was approved by the board on 18 July 2018 and signed on its behalf.
 
 



M Gillard
Director

Page 1
 
BURSTOW COURT MANAGEMENT LIMITED
 
(A company limited by guarantee)
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BURSTOW COURT MANAGEMENT LIMITED
FOR THE YEAR ENDED 31 OCTOBER 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Burstow Court Management Limited for the year ended 31 October 2017 which comprise the Statement of income and retained earnings, the Balance sheet and the related notes from the Company accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/ members/regulations-standards-and-guidance/.

It is your duty to ensure that Burstow Court Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of Burstow Court Management Limited. You consider that Burstow Court Management Limited is exempt from the statutory audit requirement for the year.

  



Braidwood & Company
 
Chartered Accountants
  
Lowood
The Street
Betchworth
Surrey
RH3 7DJ
19 July 2018
Page 2
 
BURSTOW COURT MANAGEMENT LIMITED
 
(A company limited by guarantee)
 
 
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 OCTOBER 2017

2017
2016
Note
£
£

  

Turnover
  
7,789
7,910

Gross profit
  
7,789
7,910

Administrative expenses
  
(16,073)
(6,242)

Operating (loss)/profit
  
(8,284)
1,668

Interest receivable and similar income
  
-
5

(Loss)/profit before tax
  
(8,284)
1,673

(Loss)/profit after tax
  
(8,284)
1,673

  

  

Retained earnings at the beginning of the year
  
9,660
7,987

  
9,660
7,987

(Loss)/profit for the year
  
(8,284)
1,673

Retained earnings at the end of the year
  
1,376
9,660
The notes on pages 5 to 6 form part of these financial statements.

Page 3
 
BURSTOW COURT MANAGEMENT LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 3263639

BALANCE SHEET
AS AT 31 OCTOBER 2017

2017
2016
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
977
696

Cash at bank and in hand
  
2,768
10,639

  
3,745
11,335

Creditors: amounts falling due within one year
 4 
(1,597)
(903)

Net current assets
  
 
 
2,148
 
 
10,432

Total assets less current liabilities
  
2,148
10,432

  

Net assets
  
2,148
10,432


Capital and reserves
  

Other reserves
  
772
772

Profit and loss account
  
1,376
9,660

  
2,148
10,432


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 were approved and authorised for issue by the board and were signed on its behalf on 18 July 2018.



M Gillard
Director
The notes on pages 5 to 6 form part of these financial statements.

Page 4
 
BURSTOW COURT MANAGEMENT LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2017

1.


General information

Burstow Court Management Limited is a Limited company limited by guarantee and 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

 
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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Turnover represents service charges collected from the residents....


3.


Debtors

2017
2016
£
£


Trade debtors
590
309

Prepayments
387
387

977
696



4.


Creditors: Amounts falling due within one year

2017
2016
£
£

Trade creditors
1,189
495

Other creditors
60
60

Accruals
348
348

1,597
903


Page 5
 
BURSTOW COURT MANAGEMENT LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2017


5.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

 
Page 6