Company Registration No. 03095369 (England and Wales)
WOTTON TRADING ESTATE MANAGEMENT COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
PAGES FOR FILING WITH REGISTRAR
WOTTON TRADING ESTATE MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2
WOTTON TRADING ESTATE MANAGEMENT COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2018
31 March 2018
- 1 -
2018
2017
Notes
£
£
£
£
Current assets
Debtors
2
7,698
4,930
Cash at bank and in hand
12,160
9,155
19,858
14,085
Creditors: amounts falling due within one year
3
(6,458)
(4,492)
Net current assets
13,400
9,593
Capital and reserves
Called up share capital
9
9
Profit and loss reserves
13,391
9,584
Total equity
13,400
9,593
In accordance with section 444 of the Companies Act 2006 all
of
the members of the company have consented to the
preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (S.I. 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 and delivered 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 October 2018 and are signed on its behalf by:
Mr E Charbonnel
Director
Company Registration No. 03095369
WOTTON TRADING ESTATE MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
- 2 -
1
Accounting policies
Company information
Wotton Trading Estate Management Company Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Repton Manor, Repton Avenue, Ashford, Kent, TN23 3GP.
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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover
comprises members' contributions all of which arises within the UK,
and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Taxation
The Company is not subject to Corporation Tax due to its non-profit making status.
2
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
7,698
4,930
3
Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
3,730
1,926
Other taxation and social security
1,328
314
Other creditors
1,400
2,252
6,458
4,492