REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements |
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for the Year Ended 31 August 2021 |
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Prince's Quay (Bermondsey) Property |
Management Company Limited |
REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements |
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for the Year Ended 31 August 2021 |
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for |
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Prince's Quay (Bermondsey) Property |
Management Company Limited |
Prince's Quay (Bermondsey) Property |
Management Company Limited (Registered number: 02916427) |
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Contents of the Financial Statements |
for the Year Ended 31 August 2021 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 5 |
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Prince's Quay (Bermondsey) Property |
Management Company Limited |
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Company Information |
for the Year Ended 31 August 2021 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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338 London Road |
Portsmouth |
Hampshire |
PO2 9JY |
Prince's Quay (Bermondsey) Property |
Management Company Limited (Registered number: 02916427) |
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Report of the Directors |
for the Year Ended 31 August 2021 |
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The directors present their report with the financial statements of the company for the year ended 31 August 2021. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of Residents Management Company |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 September 2020 to the date of this report. |
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Other changes in directors holding office are as follows: |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
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ON BEHALF OF THE BOARD: |
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Prince's Quay (Bermondsey) Property |
Management Company Limited (Registered number: 02916427) |
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Income Statement |
for the Year Ended 31 August 2021 |
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31.8.21 | 31.8.20 |
£ | £ |
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TURNOVER |
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Administrative expenses |
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OPERATING SURPLUS/(DEFICIT) |
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Interest receivable and similar income |
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SURPLUS/(DEFICIT) BEFORE TAXATION |
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Tax on surplus/(deficit) |
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SURPLUS/(DEFICIT) FOR THE FINANCIAL
YEAR |
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Prince's Quay (Bermondsey) Property |
Management Company Limited (Registered number: 02916427) |
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Balance Sheet |
31 August 2021 |
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31.8.21 | 31.8.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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RESERVES |
Income and expenditure account |
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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 surplus or deficit 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. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Prince's Quay (Bermondsey) Property |
Management Company Limited (Registered number: 02916427) |
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Notes to the Financial Statements |
for the Year Ended 31 August 2021 |
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1. | STATUTORY INFORMATION |
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Prince's Quay (Bermondsey) Property Management Company Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 - NIL). |
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4. | MUTUAL TRADING |
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The company holds the title of freehold communal areas of Princes Quay, Bermondsay. The freehold properties include a covenant to pay tor the communal costs and these company accounts reflect the income and costs associated with this. The site is managed by Alexander Faulkner Partnership (a firm of Chartered Surveyors) and the relevant funds are held in a client account controlled by them. The balance sheet reflects the funds held and creditors. |
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5. | TANGIBLE FIXED ASSETS |
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The only asset held by the company is the Freehold interest of the communal area. No amortisation or revaluation is carried out each year. |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.21 | 31.8.20 |
£ | £ |
Other creditors |
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