5 Lewes Crescent Management Company - Accounts to registrar (filleted)

REGISTERED NUMBER: 03821233 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

5 LEWES CRESCENT MANAGEMENT COMPANY

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

W J G Cowen

S D Cox

R K Hobby

Dr J Howard

A F Toal

SECRETARY:

W J G Cowen

REGISTERED OFFICE:

5 Lewes Crescent

Kemp Town

Brighton

East Sussex

BN2 1FH

REGISTERED NUMBER:

03821233 (England and Wales)

ACCOUNTANTS:

Robinsons, Chartered Accountants

223 South Coast Road

Peacehaven

East Sussex

BN10 8LB

BANKERS:

Barclays Bank

41 High Street

Rottingdean

East Sussex

BN2 7JF

FIXED ASSETS

Tangible assets

3

3,000

CURRENT ASSETS

Debtors

4

1,067

5,301

Cash at bank

5

228

696

1,295

5,997

CREDITORS

Amounts falling due within one year

6

2,552

11,849

NET CURRENT LIABILITIES

(1,257

)

(5,852

)

TOTAL ASSETS LESS CURRENT

LIABILITIES

1,743

(2,852

)

CAPITAL AND RESERVES

Called up share capital

3,000

Income and expenditure account

(1,257

)

(5,852

)

SHAREHOLDERS' FUNDS

1,743

(2,852

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 surplus or deficit 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 Board of Directors on 5 September 2018 and were signed on its behalf by:

W J G Cowen - Director

1.	STATUTORY INFORMATION

5 Lewes Crescent 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

These accounts have been prepared on the going concern basis. The directors acknowledge the net current liabilities on the

balance sheet totalling £1,257 and confirm that the directors will provide the necessary financial support to the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Assets and liabilities

The company makes no claim to the assets and liabilities held on the balance sheet. The company acts as a trustee through its

directors on behalf of the tenants of 5 Lewes Crescent, and all assets and liabilities are recognised as being held in trust on

behalf of said tenants in accordance with the appropriate sections of the Landlord and Tenants Act 1987.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2017

and 31 December 2017

3,000

NET BOOK VALUE

At 31 December 2017

3,000

At 31 December 2016

3,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Service charge monies owed

1,067

5,301

5.	CASH AT BANK

All service charge monies collected but not expended are held in trust on behalf of the tenants in accordance with the

appropriate sections of the Landlord and Tenants Act 1987, at Barclays Bank PLC, under the title of "5 Lewes Crescent

Management Company Limited - Business Current Account".

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

-

99

Other creditors

2,552

11,750

2,552

11,849

Other creditors includes £2,290 owed by the company to Mr G Cowen, director, by way of an interest free loan (2016 -

£11,501).

7.	RELATED PARTY DISCLOSURES

During the year the company was in receipt of an interest free loan from Mr W Cowen.

As at the end of the year the company owed Mr W Cowen £2,290 (2016 - £11,501).

5 Lewes Crescent Management Company - Accounts to registrar (filleted) - small 18.2

5 Lewes Crescent Management Company - Accounts to registrar (filleted) - small 18.2