Registration number:
89 Park Street Management Company Limited
for the Year Ended 31 May 2020
(Prepared in accordance with FRS 102 Section 1A - Filleted)
89 Park Street Management Company Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
89 Park Street Management Company Limited
Company Information
Directors |
Mr J Burnell Ms C Baglow Mr P Morton |
Company secretary |
3Sixty Management Limited |
Registered office |
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Accountants |
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89 Park Street Management Company Limited
(Registration number: 07626916)
Balance Sheet as at 31 May 2020
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial year ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
89 Park Street Management Company Limited
Notes to the Financial Statements for the Year Ended 31 May 2020
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
England
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in sterling.
Revenue recognition
The company acts as a trustee of a statutory trust in respect of service charges collected for the maintenance of
properties at 89 Park Street Management Company. The company is responsible for the management of 89 Park Street Management Company and collects these charges from the lessees in order to cover the costs
incurred.
Any excess charges are held in trust for the lessees as required by section 42 of the landlord & Tenant Act 1987,
and reported separately in the notes to these accounts. These are held to fund future financial obligations in the
management of 89 Park Street Management Company and will be treated as company income when that
expenditure takes place.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Short term debtors are measured at transaction price which is usually the invoice price, less any impairment losses for bad and doubtful debt.
Trade creditors
Short term creditors are measured at transaction price which is usually the invoice price.
89 Park Street Management Company Limited
Notes to the Financial Statements for the Year Ended 31 May 2020
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
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2019 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2020 |
2019 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2020 |
2019 |
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No. |
£ |
No. |
£ |
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1 |
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1 |