Year Ended
Registration number:
The Heathers Management Company Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
The Heathers Management Company Limited
Balance Sheet
31 August 2020
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2019 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Capital redemption reserve |
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Profit and loss account |
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Shareholders' funds |
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The Heathers Management Company Limited
Balance Sheet
31 August 2020
For the financial year ending 31 August 2020 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 03529514
The Heathers Management Company Limited
Notes to the Unaudited Financial Statements
Year Ended 31 August 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
31 Wellington Road
Parkstone
Poole
BH14 9LF
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including Section 1A and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable in respect of maintenance contributions. Turnover is shown net of returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Depreciation
No depreciation is provided on freehold property. The company follows a programme of refurbishment and maintenance of its property, which includes the reinstatement of the fabric of the building, where necessary, in order to maintain it to a high standard. Accordingly, in the opinion of the directors, any element of depreciation would be immaterial and no provision has been made.
Asset class |
Depreciation method and rate |
Freehold land and buildings |
Is not depreciated |
The Heathers Management Company Limited
Notes to the Unaudited Financial Statements
Year Ended 31 August 2020
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
The Heathers Management Company Limited
Notes to the Unaudited Financial Statements
Year Ended 31 August 2020
Tangible assets |
Freehold |
Total |
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Cost or valuation |
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At 1 September 2019 |
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At 31 August 2020 |
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Depreciation |
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Carrying amount |
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At 31 August 2020 |
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At 31 August 2019 |
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Debtors |
2020 |
2019 |
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Trade debtors |
- |
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Prepayments |
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- |
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Creditors |
Creditors: amounts falling due within one year
2020 |
2019 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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The Heathers Management Company Limited
Notes to the Unaudited Financial Statements
Year Ended 31 August 2020
Share capital |
Allotted, called up and fully paid shares
2020 |
2019 |
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No. |
£ |
No. |
£ |
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Ordinary shares of £1 each |
4 |
4 |
4 |
4 |