Old School Mews Management (Otley) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05669700 (England and Wales)

Financial Statements for the Year Ended 31 January 2018

for

Old School Mews Management (Otley)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N P Ford

Mrs L Thornton

SECRETARIES:

C J Hill

N P Ford

REGISTERED OFFICE:

2nd Floor, Woodside House

261 Low Lane

Horsforth

Leeds

West Yorkshire

LS18 5NY

REGISTERED NUMBER:

05669700 (England and Wales)

CURRENT ASSETS

Debtors

4

32

9

Cash at bank

784

1,233

816

1,242

CREDITORS

Amounts falling due within one year

5

367

681

NET CURRENT ASSETS

449

561

TOTAL ASSETS LESS CURRENT LIABILITIES

449

561

CAPITAL AND RESERVES

Called up share capital

6

9

9

Retained earnings

440

552

SHAREHOLDERS' FUNDS

449

561

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 23 October 2018 and were signed on its behalf by:

N P Ford - Director

1.	STATUTORY INFORMATION

Old School Mews Management (Otley) 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 represents service charges receivable from the owners towards the maintenance and

management of the Old School Mews Estate, Otley, West Yorkshire.

Financial instruments

Basic financial instruments are recognised at amortised cost. Derivative financial instruments are

initially recorded at cost and thereafter at fair value with changes recognised in the profit or loss.

Taxation

The company is carrying on a mutual activity for the benefit of its members and therefore any surplus

arising from members' contributions will not be assessable to Corporation Tax.

Value added tax

The company is not registered for VAT and therefore all expenditure is shown inclusive of VAT.

Repair and maintenance reserve

Any surplus of income over expenditure is transferred to reserve and carried forward for use towards

future repair costs but is not necessarily sufficient to cover major items of cyclical repair expenditure

which may have to be incurred in future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Service charge debtors

32

9

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Trade creditors

-

1

Accrued expenses and prepaid

income

367

680

367

681

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.18

31.1.17

value:

£

£

9

Ordinary

£1

9

9