Cricketfields (Phase 2) Management Company Limited - Filleted accounts

Cricketfields (Phase 2) Management Company Limited - Filleted accounts


Registered number
02533171
Cricketfields (Phase 2) Management Company Limited
Filleted Accounts
31 March 2018
Cricketfields (Phase 2) Management Company Limited
Registered number: 02533171
Balance Sheet
as at 31 March 2018
Notes 2018 2017
£ £
Current assets
Debtors 2 50 50
Cash at bank and in hand 2,887 3,302
2,937 3,352
Creditors: amounts falling due within one year 3 (1,655) (1,287)
Net current assets 1,282 2,065
Net assets 1,282 2,065
Capital and reserves
Called up share capital 50 50
Profit and loss account 1,232 2,015
Shareholders' funds 1,282 2,065
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr GJ Hill
Director
Approved by the board on 18 September 2018
Cricketfields (Phase 2) Management Company Limited
Notes to the Accounts
for the year ended 31 March 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value of service charges collected from tenants.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Debtors 2018 2017
£ £
Trade debtors 50 50
3 Creditors: amounts falling due within one year 2018 2017
£ £
Other creditors 1,655 1,287
4 Controlling party
There is no ultimate controlling party.
5 Other information
Cricketfields (Phase 2) Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 Bents Lane
Dronfield
Derbyshire
S18 2EW
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