Accommodate Management Ltd - Limited company accounts 18.2

Accommodate Management Ltd - Limited company accounts 18.2

ACCOMMODATE MANAGEMENT LTD - Company Information

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REGISTERED NUMBER: 06838655 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2018

FOR

ACCOMMODATE MANAGEMENT LTD
ACCOMMODATE MANAGEMENT LTD (REGISTERED NUMBER: 06838

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31st March 2018










Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


ACCOMMODATE MANAGEMENT LTD

COMPANY INFORMATION
For The Year Ended 31st March 2018







DIRECTOR: Miss H L Canning





REGISTERED OFFICE: Bank House
81 St Judes Road
Englefield Green
Surrey
TW20 0DF





REGISTERED NUMBER: 06838655 (England and Wales)





ACCOUNTANTS: Exceed Accountants Ltd
Bank House
81 St Judes Road
Englefield Green
Surrey
TW20 0DF
Page 1
ACCOMMODATE MANAGEMENT LTD (REGISTERED NUMBER: 06838

REPORT OF THE DIRECTOR
For The Year Ended 31st March 2018


The director presents her report with the financial statements of the company for the year ended 31st March 2018.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of residential property lettings and management.

DIRECTOR
Miss H L Canning held office during the whole of the period from 1st April 2017 to the date of this report.

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:





Miss H L Canning - Director


21st December 2018

Page 2
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ACCOMMODATE MANAGEMENT LTD



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Accommodate Management Ltd for the year ended 31st March 2018 which comprise the Income
Statement, Balance Sheet and the related notes from the company's 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Accommodate Management Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Accommodate Management Ltd and state those matters that we have agreed to state to the director of Accommodate Management Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Accommodate Management Ltd and its director for our work or for this report.

It is your duty to ensure that Accommodate Management Ltd 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 of Accommodate Management Ltd. You consider that Accommodate Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Accommodate Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Exceed Accountants Ltd
Bank House
81 St Judes Road
Englefield Green
Surrey
TW20 0DF


21st December 2018

This page does not form part of the statutory financial statements

Page 3
ACCOMMODATE MANAGEMENT LTD (REGISTERED NUMBER: 06838

INCOME STATEMENT
For The Year Ended 31st March 2018

2018 2017
Notes £    £   

TURNOVER 122,250 113,391

Cost of sales 2,279 1,888
GROSS PROFIT 119,971 111,503

Administrative expenses 43,109 36,561
OPERATING PROFIT 4 76,862 74,942


Interest payable and similar expenses (479 ) (7 )
PROFIT BEFORE TAXATION 77,341 74,949

Tax on profit 14,752 15,055
PROFIT FOR THE FINANCIAL YEAR 62,589 59,894

The notes form part of these financial statements

Page 4
ACCOMMODATE MANAGEMENT LTD (REGISTERED NUMBER: 06838

BALANCE SHEET
31st March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 - 138

CURRENT ASSETS
Debtors 7 46,496 3,318
Cash at bank 2,034 42,114
48,530 45,432
CREDITORS
Amounts falling due within one year 8 30,143 28,744
NET CURRENT ASSETS 18,387 16,688
TOTAL ASSETS LESS CURRENT
LIABILITIES
18,387
16,826

PROVISIONS FOR LIABILITIES - 28
NET ASSETS 18,387 16,798

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 18,386 16,797
SHAREHOLDERS' FUNDS 18,387 16,798

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 21st December 2018 and were signed by:




Miss H L Canning - Director


The notes form part of these financial statements

Page 5
ACCOMMODATE MANAGEMENT LTD (REGISTERED NUMBER: 06838

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31st March 2018


1. STATUTORY INFORMATION

Accommodate Management Ltd 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 the value of services provided under contracts to the extent that there is a right to
consideration and is recorded at the value of the consideration due. Where a contract has only been partially
completed at the balance sheet date turnover represents the value of the service provided to date based on a
proportion of the total expected consideration at completion.

Where payments are received from customers in advance of services provided, the amounts are recorded as
Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

Page 6 continued...
ACCOMMODATE MANAGEMENT LTD (REGISTERED NUMBER: 06838

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st March 2018


4. OPERATING PROFIT

The operating profit is stated after charging:

2018 2017
£    £   
Depreciation - owned assets 138 139

5. DIVIDENDS
2018 2017
£    £   
Ordinary share of £1
Interim 61,000 43,500

6. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2017
and 31st March 2018 1,143
DEPRECIATION
At 1st April 2017 1,005
Charge for year 138
At 31st March 2018 1,143
NET BOOK VALUE
At 31st March 2018 -
At 31st March 2017 138

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 7,773 2,900
Other debtors 38,723 418
46,496 3,318

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 2,156 833
Taxation and social security 18,959 19,015
Other creditors 9,028 8,896
30,143 28,744

Page 7 continued...
ACCOMMODATE MANAGEMENT LTD (REGISTERED NUMBER: 06838

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st March 2018


9. RELATED PARTY DISCLOSURES

The company is under the control of the director Ms H Canning.


At the year end, Ms Canning owed the company £38,125. Interest is charged on this loan at 2.5%.
The loan will be repaid within 9 months.
At the previous year end, the company owes Ms Canning £396.

Page 8