Company Registration No. 02425299 (England and Wales)
HERONDEAN (CHICHESTER) MANAGEMENT COMPANY LIMITED
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 MARCH 2019
HERONDEAN (CHICHESTER) MANAGEMENT COMPANY LIMITED
(A COMPANY LIMITED BY GUARANTEE)
COMPANY INFORMATION
Directors
Mr Geoff O'Connor
Peter Williamson
(Appointed 1 May 2018)
William Mulholland
Secretary
Stride & Son Limited
Company number
02425299
Registered office
Southdown House
St John‘s Street
Chichester
West Sussex
PO19 1XQ
Accountants
Jones Avens Limited
Piper House
4 Dukes Court
Bognor Road
Chichester
West Sussex
PO19 8FX
HERONDEAN (CHICHESTER) MANAGEMENT COMPANY LIMITED
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
HERONDEAN (CHICHESTER) MANAGEMENT COMPANY LIMITED
(A COMPANY LIMITED BY GUARANTEE)
DIRECTORS' REPORT
FOR THE YEAR ENDED 24 MARCH 2019
- 1 -
The directors present their annual report and financial statements for the year ended 24 March 2019. The company is dormant and has not traded during the year.
Principal activities
The principal activity of the company continued to be that of holding the freehold of, and dealing with the maintenance of, 28 flats known as Herondean, Lavant Road, Chichester, West Sussex.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mr Geoff O'Connor
Mrs Agatha Wyatt
(Resigned 25 February 2019)
Peter Williamson
(Appointed 1 May 2018)
William Mulholland
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
By order of the board
Stride & Son Limited
Secretary
1 July 2019
HERONDEAN (CHICHESTER) MANAGEMENT COMPANY LIMITED
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT
24 MARCH 2019
24 March 2019
- 2 -
2019
2018
Notes
£
£
£
£
Fixed assets
Tangible assets
2
28,406
28,406
Creditors: amounts falling due after more than one year
3
(28,406)
(28,406)
Net assets
-
-
Reserves
For the financial year ended 24 March 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 1 July 2019 and are signed on its behalf by:
Mr Geoff O'Connor
Director
Company Registration No. 02425299
HERONDEAN (CHICHESTER) MANAGEMENT COMPANY LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 MARCH 2019
- 3 -
1
Accounting policies
Company information
Herondean (Chichester) Management Company Limited is a
private
company
limited by guarantee
incorporated in England and Wales.
The registered office is
Southdown House, St John‘s Street, Chichester, West Sussex, PO19 1XQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements. All transactions in the year relate to the maintenance of Herondean (Chichester) in accordance with the lease. Income and expenditure arising from these transactions is shown in separate service charge accounts for the properties that do not form part of the annual accounts for the company and are not filed at companies house.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
The freehold interest in the property is stated at cost. The directors assess annually the need to provide for any impairment in recoverable amount below cost.
Freehold land is not depreciated.
HERONDEAN (CHICHESTER) MANAGEMENT COMPANY LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 MARCH 2019
- 4 -
2
Tangible fixed assets
Land and buildings
£
Cost
At 25 March 2018 and 24 March 2019
28,406
Depreciation and impairment
At 25 March 2018 and 24 March 2019
-
Carrying amount
At 24 March 2019
28,406
At 24 March 2018
28,406
3
Creditors: amounts falling due after more than one year
2019
2018
£
£
Other creditors
28,406
28,406
4
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
5
Related party transactions
Service charge accounts:
Service charge contributions include amounts received from the directors of Herondean (Chichester) Management Company Limited, at the same levels as residents of similar properties.