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Financial Statements |
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for the Year Ended 31 December 2017 |
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for |
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Pinehurst Stanmore |
Management Ltd |
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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31 December 2017 |
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for |
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Pinehurst Stanmore |
Management Ltd |
Pinehurst Stanmore |
Management Ltd (Registered number: 06072109) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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Pinehurst Stanmore |
Management Ltd |
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Company Information |
for the Year Ended 31 December 2017 |
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DIRECTOR: |
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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 Accountants |
28 Church Road |
Stanmore |
Middlesex |
HA7 4XR |
Pinehurst Stanmore |
Management Ltd (Registered number: 06072109) |
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Statement of Financial Position |
31 December 2017 |
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2017 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 3 |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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 |
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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. |
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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 director on
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Pinehurst Stanmore |
Management Ltd (Registered number: 06072109) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2017 |
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1. | STATUTORY INFORMATION |
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Pinehurst Stanmore Management Ltd is a
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and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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These financial statements for the year ended 31 December 2016 are the first financial statements of |
the company that comply with FRS 102. The date of transition is 1 January 2016. No differences to the |
reported financial position and income statement for the previous year were noted as a result of the |
transition to FRS 102. |
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The principal accounting policies adopted in the preparation of the financial statements are set out |
below and have remained unchanged from the previous year, and also have been consistently applied |
within the same accounts. |
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The directors consider that service charges receivable are held in trust for the tenants and expenses |
relating to maintenance of the property are expended on behalf of the tenants and these are not |
company assets or liabilities. On this basis, balances and transactions relating to the service charge |
account have not been included in the statutory accounts. Separate service charge accounts are |
prepared for the benefit of the tenants. |
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Consequently, the company was dormant throughout the current and previous period. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Pinehurst Stanmore |
Management Ltd (Registered number: 06072109) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Tangible fixed assets |
The apartments in the property are held on long leases by the tenants and the company holds the |
freehold interest in the property which, in essence represents the value of the land and is not held for |
the company's own consumption. Accordingly, no depreciation has been charged on the freehold |
interest. |
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3. | PROPERTY, PLANT AND EQUIPMENT |
Freehold |
property |
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COST |
At 1 January 2017 |
and 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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