Printworks Management Company Limited - Limited company accounts 18.2

Printworks Management Company Limited - Limited company accounts 18.2


IRIS Accounts Production v18.2.1.62 04452072 Board of Directors 1.1.17 31.12.17 31.12.17 the management of the residential property at The Printworks, Bath Lane, Newcastle upon Tyne. false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure044520722016-12-31044520722017-12-31044520722017-01-012017-12-31044520722015-12-31044520722016-01-012016-12-31044520722016-12-3104452072ns15:EnglandWales2017-01-012017-12-3104452072ns14:PoundSterling2017-01-012017-12-3104452072ns10:Director12017-01-012017-12-3104452072ns10:PrivateLimitedCompanyLtd2017-01-012017-12-3104452072ns10:SmallEntities2017-01-012017-12-3104452072ns10:AuditExemptWithAccountantsReport2017-01-012017-12-3104452072ns10:SmallCompaniesRegimeForDirectorsReport2017-01-012017-12-3104452072ns10:SmallCompaniesRegimeForAccounts2017-01-012017-12-3104452072ns10:FullAccounts2017-01-012017-12-3104452072ns10:OrdinaryShareClass12017-01-012017-12-3104452072ns10:Director22017-01-012017-12-3104452072ns10:CompanySecretary12017-01-012017-12-3104452072ns10:RegisteredOffice2017-01-012017-12-3104452072ns5:CurrentFinancialInstruments2017-12-3104452072ns5:CurrentFinancialInstruments2016-12-3104452072ns5:ShareCapital2017-12-3104452072ns5:ShareCapital2016-12-3104452072ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-12-3104452072ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-3104452072ns10:OrdinaryShareClass12017-12-3104452072ns5:RetainedEarningsAccumulatedLosses2017-01-012017-12-3104452072ns5:RetainedEarningsAccumulatedLosses2017-12-31


REGISTERED NUMBER: 04452072 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2017

FOR

THE PRINTWORKS MANAGEMENT COMPANY
LIMITED

THE PRINTWORKS MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 04452072)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2017




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


THE PRINTWORKS MANAGEMENT COMPANY
LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2017







DIRECTORS: R J Hogg
R Messham





SECRETARY: Town & City Secretaries Ltd





REGISTERED OFFICE: 2nd Floor North Point
Faverdale North
Darlington
Co. Durham
DL3 0PH





REGISTERED NUMBER: 04452072 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

THE PRINTWORKS MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 04452072)

REPORT OF THE DIRECTORS
for the Year Ended 31st December 2017

The directors present their report with the financial statements of the company for the year ended 31st December 2017.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2017 to the date of this
report.

R J Hogg
R Messham

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 J Hogg - Director


20th September 2018

THE PRINTWORKS MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 04452072)

INCOME STATEMENT
for the Year Ended 31st December 2017

31/12/17 31/12/16
Notes £    £   

INCOME 58,593 58,675

Service charge expenditure 56,574 61,466
OPERATING PROFIT/(LOSS) 2,019 (2,791 )

Interest receivable and similar income 14 39
PROFIT/(LOSS) BEFORE TAXATION 2,033 (2,752 )

Tax on profit/(loss) 3 3 8
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

2,030

(2,760

)

THE PRINTWORKS MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 04452072)

BALANCE SHEET
31st December 2017

31/12/17 31/12/16
Notes £    £   
CURRENT ASSETS
Debtors 4 68,411 69,461

CREDITORS
Amounts falling due within one year 5 68,371 69,421
NET CURRENT ASSETS 40 40
TOTAL ASSETS LESS CURRENT
LIABILITIES

40

40

CAPITAL AND RESERVES
Called up share capital 6 40 40
SHAREHOLDERS' FUNDS 40 40

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 20th September 2018 and were signed on its
behalf by:





R J Hogg - Director


THE PRINTWORKS MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 04452072)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2017

1. STATUTORY INFORMATION

The Printworks 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.

Income
During the year the company received monies from lessees, as agents, in respect of service charges and
associated income, which are held on trust and do not constitute turnover.

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 lessees and other parties who may be interested in the
expenditure incurred in the management of the property.

3. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31/12/17 31/12/16
£    £   
Current tax:
UK corporation tax 3 8
Tax on profit/(loss) 3 8

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/17 31/12/16
£    £   
Trade debtors 2,426 498
Other debtors 65,985 68,963
68,411 69,461

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/17 31/12/16
£    £   
Trade creditors 2,039 8,039
Other creditors 66,332 61,382
68,371 69,421

THE PRINTWORKS MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 04452072)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2017

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/12/17 31/12/16
value: £    £   
40 Ordinary £1 40 40

7. RESERVES
Retained
earnings
£   

Profit for the year 2,030
Transfer to service charge
account (2,030 )
At 31st December 2017 -

8. CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st December 2017 (31st December 2016 - None).

9. CAPITAL COMMITMENTS
31/12/17 31/12/16
£    £   
Contracted but not provided for in the
financial statements - -

10. RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such received income in the form of service charge from
residents, some of whom are directors of the company. Service charges payable by the directors are on the same
basis as for all the other residents. No other transactions with related parties were undertaken such as are
required to be disclosed under the FRS 102.