The director presents his annual report and financial statements for the year ended 31 December 2018.
The director who held office during the year and up to the date of signature of the financial statements was as follows:
The company limited by guarantee and has no share capital.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Maple Wood Management Company (Maidstone) Limited for the year ended 31 December 2018 set out on pages 3 to 4 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance .
It is your duty to ensure that Maple Wood Management Company (Maidstone) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of Maple Wood Management Company (Maidstone) Limited. You consider that Maple Wood Management Company (Maidstone) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Maple Wood Management Company (Maidstone) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Maple Wood Management Company (Maidstone) Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Prestige Secretarial Services, 26 Northcote Road, Knighton, Leicester, LE2 3FH.
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. The principal accounting policies adopted are set out below.
The company has not traded during the year or the preceding financial period . During this time the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
Status
During the year the company has acted as agent for the lessees of the property at Flats 1-6 Yalding House, 15-45 Marigold Way (evens), Flats 1-15 Stockbury House, Flats 1-8 Sage Court, Flats 1-4 Hunton House, 1-7 Coriander Drive, Maidstone, Kent, ME16 0ZL. The funds in relation to the maintenance of the property are held in trust. As at 31 December 2018 the cash balance held on behalf of the lessees amounted to £35,990.
The company therefore has no income or expenditure in its own right in relation to the maintenance of the common parts of the property held in accordance with the governing leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. The accounts can be obtained from Maple Wood Management Company (Maidstone) Limited.
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £25.