COMPANY REGISTRATION NUMBER:
02621370
Greenhill Parade (Management) Company Limited
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Company Limited by Guarantee
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Filleted Unaudited Financial Statements
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Greenhill Parade (Management) Company Limited
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Company Limited by Guarantee
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Abridged Statement of Financial Position
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30 June 2019
Current assets
Debtors
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–
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600
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Cash at bank and in hand
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386
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297
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386
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897
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Creditors: amounts falling due within one year
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120
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120
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Net current assets
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266
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777
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Total assets less current liabilities
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266
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777
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Capital and reserves
Profit and loss account
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266
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777
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Members funds
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266
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777
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30 June 2019 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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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 financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 June 2019 in accordance with Section 444(2A) of the Companies Act 2006.
Greenhill Parade (Management) Company Limited
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Company Limited by Guarantee
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Abridged Statement of Financial Position (continued)
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30 June 2019
These financial statements were approved by the
board of directors
and authorised for issue on
16 March 2020
, and are signed on behalf of the board by:
Company registration number:
02621370
Greenhill Parade (Management) Company Limited
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Company Limited by Guarantee
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Notes to the Financial Statements
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Year ended 30 June 2019
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 5 Greenhill Parade, Alveston, South Gloucestershire, BS35 3LU.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents contributions from members.
Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using effective interest method. The only advanced instrument recognised by the company are derivatives (being interest rate swaps and forward foreign exchange contracts). Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in arriving at profit before tax. Derivative assets are included in other debtors and derivative liabilities are included in other creditors.
4.
Company limited by guarantee
The company is limited by guarantee.
5.
Related party transactions
No transactions with related parties were undertaken such as required to be disclosed.