|
|
|
CHURCH WALK (BEACHAMWELL) MANAGEMENT COMPANY LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018
Church Walk (Beachamwell) Management Company Limited is a private company limited by guarantee and incorporated in England and Wales, registration number 04238520. The registered address is King Street House, 15 Upper King Street, Norwich, Norfolk, NR3 1RB.
2.
Accounting policies
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
|
The average monthly number of employees, including directors, during the year was 0.
|
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
Following guidance issued by the ICAEW in connection with section 42 of the Landlord and Tenants Act 1987 in respect of presentation of the financial statements, the revenue reserves have been adjusted to £nil as all service charge monies received from the residents are held on trust for the residents.
Page 2
|