Old Park Court Management Company Limited
(A Company Limited by Guarantee)
Notes to the Financial Statements
For the Year Ended 31 December 2019
Old Park Court Managment Co Limited ("the company") is a private company limited by guarantee and is incorporated in England with the registration number 02051150. The address of the registered office is Flat 15, Old Park Court, Old Park Avenue, Canterbury, Kent CT1 1DW.
The liability of each member in the event of the winding-up of the company is limited to £1.
2.
Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
.
The company has no income or expenditure in its own right. All transactions in the year relate to the maintenance of the common parts of the property in accordance with the lease. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. All service charge monies received from residents of the property are held on trust for the residents, which at 31 December 2019 amounted to £13,467 (2018: £14,662).
The following principal accounting policies have been applied:
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The average monthly number of employees, including directors, during the year was
0
.
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4.
Other financial commitments
The company contracts with third parties in its own name for the supply of services to the property for maintenance of the common parts in accordance with the terms of the leases. At 31 December 2019 the company had entered into non-cancellable contractual commitments with a total value of £nil (2018: £nil).
The company is not subject to control by any single party.
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