Registration number:
Lancaster Management Company (Wandsworth) Limited
(A company limited by guarantee)
for the Year Ended 31 March 2018
Accountants
362 Church Road
London
Greater London
SW19 2QF
Lancaster Management Company (Wandsworth) Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Lancaster Management Company (Wandsworth) Limited
Company Information
Directors |
Miss Stephanie Shaw Ms Phillipa A Cole Ms Shirlette L Elvie Mr James D Carter Ms Laura Rachel Young Mr Richard Whittaker Ms Lucy Gawthorp |
Company secretary |
Mr Peter Saxton |
Registered office |
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Accountants |
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Page 1 |
Lancaster Management Company (Wandsworth) Limited
(Registration number: 02012579)
Balance Sheet as at 31 March 2018
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
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Lancaster Management Company (Wandsworth) Limited
(Registration number: 02012579)
Balance Sheet as at 31 March 2018
Approved and authorised by the
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Director
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Director
Page 3 |
Lancaster Management Company (Wandsworth) Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
General information |
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
England
The principal place of business is:
4 Lancaster House
Brathway Road
London
SW18 4BD
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These 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.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Page 4 |
Lancaster Management Company (Wandsworth) Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Freehold property |
Not depreciated |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from lessees for service charges.
Trade creditors
Trade creditors are service charges paid in advance.
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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At 1 April 2017 |
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At 31 March 2018 |
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Depreciation |
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Carrying amount |
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At 31 March 2018 |
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At 31 March 2017 |
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Included within the net book value of land and buildings above is £627 (2017 - £627) in respect of freehold land and buildings.
Debtors |
2018 |
2017 |
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Trade debtors |
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Prepayments |
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Page 5 |
Lancaster Management Company (Wandsworth) Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
Creditors |
Creditors: amounts falling due within one year
2018 |
2017 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Page 6 |