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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017 |
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FOR |
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OAK HILL PARK MEWS (MANAGEMENT) LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017 |
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FOR |
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OAK HILL PARK MEWS (MANAGEMENT) LIMITED |
OAK HILL PARK MEWS (MANAGEMENT) LIMITED (REGISTERED NUMBER: 03973773) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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OAK HILL PARK MEWS (MANAGEMENT) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2017 |
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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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Chartered Certified Accountants |
250 Hendon Way |
London |
NW4 3NL |
OAK HILL PARK MEWS (MANAGEMENT) LIMITED (REGISTERED NUMBER: 03973773) |
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BALANCE SHEET |
31 JULY 2017 |
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2017 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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 profit or loss 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. |
OAK HILL PARK MEWS (MANAGEMENT) LIMITED (REGISTERED NUMBER: 03973773) |
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BALANCE SHEET - continued |
31 JULY 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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OAK HILL PARK MEWS (MANAGEMENT) LIMITED (REGISTERED NUMBER: 03973773) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2017 |
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1. | STATUTORY INFORMATION |
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Oak Hill Park Mews (Management) Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover consists of amounts receivable from the owners of the houses to cover the expenditure related to the |
administration of the communual parts of the property at Oak Hill Park Mews, London, NW3 7LH. |
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Tangible fixed assets |
No depreciation is provided on freehold land. |
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Financial instruments |
The company only enters into basic financial instruments that result in the recognition of financial assets or |
liabilities like trade debtors, other debtors, trade creditors and other creditors, loans from banks or other third |
parties and loans to/from related parties. |
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Debt instruments that constitute a financing transaction are initially measured at fair value of future payments and |
subsequently at amortised cost using the effective interest method. Debt instruments which are payable or |
receivable within one year such as trade debtors or trade creditors are measured, initially and subsequently at the |
undiscounted amount of the cash or other consideration expected to be paid or received. |
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Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for |
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised |
in the profit & loss account. |
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3. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
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COST |
At 1 August 2016 |
and 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 31 July 2016 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts payable by house owners: service
charge arrears |
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5,370 |
Prepayments and accrued income |
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OAK HILL PARK MEWS (MANAGEMENT) LIMITED (REGISTERED NUMBER: 03973773) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2017 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts payable re: excess of income over
expenses |
7,261 |
14,914 |
Directors' current accounts | 25 | 25 |
Accruals and deferred income |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Amounts due to house owners | 10,862 | 10,862 |
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The loans are interest free and are repayable in more than 5 years. |
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7. | RELATED PARTY DISCLOSURES |
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As at the balance sheet date, Mr R. Farr was owed £25 by the company (2016 - £25). |
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8. | FIRST YEAR ADOPTION |
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Transition to FRS 102 |
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This is the first year that the company has presented its results under FRS 102. The last Financial Statements |
under old UK GAAP were for the year ended 31 July 2016. The date of transition to FRS 102 was 1 August |
2015. There were no transitional adjustments resulting from the first time adoption of FRS 102. |