Company Registration No. 4008204 (England and Wales)
ROCKMILL (LEAMINGTON SPA) MANAGEMENT COMPANY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
ROCKMILL (LEAMINGTON SPA) MANAGEMENT COMPANY LIMITED
CONTENTS
PAGE
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ROCKMILL (LEAMINGTON SPA) MANAGEMENT COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
FIXED ASSETS
Tangible assets
2
4,448
4,448
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
4,448
4,448
CAPITAL AND RESERVES
Other reserves
4,448
4,448
SHAREHOLDERS' FUNDS
4,448
4,448
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
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;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 24 August 2016
24 August 2016
B G McInnes
DIRECTOR
COMPANY REGISTRATION NO. 4008204
ROCKMILL (LEAMINGTON SPA) MANAGEMENT COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
ACCOUNTING POLICIES
1.1
ACCOUNTING CONVENTION
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). BASIS OF ACCOUNTING The principal activity of the company in the year under review was that of the management of The Rock Mill, Rock Mill Lane, Leamington Spa . The company did not trade during the year and therefore made neither a profit or a loss. As part of the management of that property, service charges are collected from lessees to meet the costs of managing the property. Service charges are held in trust for the benefit of the lessees. Accordingly the service charge income and expenditure is excluded from the company's accounts and separate service charge accounts are prepared for the mutual benefit of the members of the company.
BASIS OF ACCOUNTING
The principal activity of the company in the year under review was that of the management of
The Rock Mill, Rock Mill Lane, Leamington Spa
.
The company did not trade during the year and therefore made neither a profit or a loss.
As part of the management of that property, service charges are collected from lessees to meet the costs of managing the property. Service charges are held in trust for the benefit of the lessees. Accordingly the service charge income and expenditure is excluded from the company's accounts and separate service charge accounts are prepared for the mutual benefit of the members of the company.
1.2
COMPLIANCE WITH ACCOUNTING STANDARDS
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life . Freehold land is not depreciated.
. Freehold land is not depreciated.
1.4
LIMITED BY GUARANTEE
The Company is Limited by Guarantee. Each member of the company undertakes to contribute a sum, not exceeding £1, to the company's assets if it should be wound up while they are a member or within one year after ceasing to be a member.
1.5
CASH AT BANK AND IN HAND
The company holds monies held on behalf of the lessees deemed to be held in trust in accordance with section 42 of The Landlord and Tenants Act 1987. The bank balance is reflected in the service charge accounts.
1.6
SERVICE CHARGE ACCOUNTS
Separate service charge accounts are prepared detailing the income and expenditure for the property at The Rock Mill, Rock Mill Lane, Leamington Spa.
ROCKMILL (LEAMINGTON SPA) MANAGEMENT COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
2
FIXED ASSETS
Tangible assets
£
COST
At 1 January 2015 & at 31 December 2015
4,448
NET BOOK VALUE
At 31 December 2015
4,448
At 31 December 2014
4,448