Newham Quay Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02246056 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

NEWHAM QUAY MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

G O F Oldrieve

B B Pooley

Mrs A Oliver

SECRETARY:

B B Pooley

REGISTERED OFFICE:

Woodlands Court

Truro Business Park

Truro

Conrwall

TR4 9NH

REGISTERED NUMBER:

02246056 (England and Wales)

ACCOUNTANTS:

Kelsall Steele Ltd

Chartered Accountants

Woodlands Court

Truro Business Park

Truro

Cornwall

TR4 9NH

CURRENT ASSETS

Debtors

3

19

-

Cash at bank

42,848

39,694

42,867

39,694

CREDITORS

Amounts falling due within one year

4

771

735

NET CURRENT ASSETS

42,096

38,959

TOTAL ASSETS LESS CURRENT LIABILITIES

42,096

38,959

CAPITAL AND RESERVES

Called up share capital

12

8

Maintenance Reserve

42,084

38,951

SHAREHOLDERS' FUNDS

42,096

38,959

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 10 December 2018 and were signed on its behalf by:

G O F Oldrieve - Director

1.	COMPANY INFORMATION

Newham Quay Management 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

The financial statements have been prepared in accordance with Financial Reporting Standard 102

Section 1A "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.

The financial statements are prepared in sterling which is the functional currency of the company.

Monetary amounts in these financial statements are rounded to the nearest pound sterling.

The directors, after making enquiries and having considered the company's business, its financial

plans and the facilities available to finance the business, have reasonable expectations that the

company has adequate resources to continue in operational existence for the foreseeable future.

Accordingly, the going concern basis is adopted in preparing the financial statements.

Turnover

Turnover represents the total amounts of fees charged to members for maintenance. Revenue from

maintenance charges is recognised on a straight line basis over the period to which they relate.

Taxation

No liability to UK corporation tax arose for the year ended 31 March 2018, nor for the year ended 31

March 2017.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and

Section 12 "Other Financial Instruments" of FRS102 to all of its financial instruments.

Financial assets and liabilities are recognised in the company's statement of financial position when

the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are classified into specified categories. The classification depends on

the nature and purpose of the financial asset or liability and is determined at the time of recognition.

Basic financial assets, which include trade and other receivables and cash and bank balances, are

initially measured at transaction price including transaction costs and are subsequently carried at

amortised cost using the effective interest method, unless the arrangement constitute a financing

transaction, where the transaction is measure at the present value of the future receipts discounted at

a market rate of interest.

Basic financial liabilities, which include trade and other payables are initially measured at transaction

price, unless the arrangement constitutes a financing transaction, where the debt instrument is

measured at the present value of the future payments discounted at a market rate of interest.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Other debtors

4

-

Prepayments

15

-

19

-

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Accrued expenses

771

735

5.	RELATED PARTY DISCLOSURES

During the year, £451 (2017: £421) was paid to Kelsall Steele Ltd, a company of which B B Pooley is a

Director.

6.

RESERVES

Maintenance fees received by the company are treated as capital receipts and transfers will be made

to and from the Capital Maintenance reserve each year to cover the year's actual expenses.