Sweet Briar Mews Management Company Limited
Unaudited Financial Statements
For Filing with Registrar
For the year ended 31 July 2019
Company Registration No. 10266675 (England and Wales)
Sweet Briar Mews Management Company Limited
Company Information
Directors
O R Worboys
(Appointed 27 November 2019)
J Ranson
(Appointed 1 August 2019)
A Soyombo
(Appointed 1 August 2019)
X Gao
(Appointed 1 August 2019)
A Mallett
(Appointed 1 August 2019)
W Grimsen
(Appointed 1 August 2019)
M Guest
(Appointed 1 August 2019)
Company number
10266675
Registered office
6 Sweet Briar Mews
Victoria Street
St. Albans
England
AL1 3TG
Accountants
Moore Kingston Smith LLP
4 Victoria Square
St Albans
Hertfordshire
AL1 3TF
Sweet Briar Mews Management Company Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2
Sweet Briar Mews Management Company Limited
Balance Sheet
As at 31 July 2019
31 July 2019
Page 1
2019
2018
Notes
£
£
£
£
Current assets
Cash at bank and in hand
973
1,263
Creditors: amounts falling due within one year
2
(4,335)
(3,300)
Net current liabilities
(3,362)
(2,037)
Reserves
Income and expenditure account
(3,362)
(2,037)
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.
true
For the financial year ended 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 16 December 2019 and are signed on its behalf by:
O R Worboys
Director
Company Registration No. 10266675
Sweet Briar Mews Management Company Limited
Notes to the Financial Statements
For the year ended 31 July 2019
Page 2
1
Accounting policies
Company information
Sweet Briar Mews Management Company Limited is a
private
company
limited by guarantee
incorporated in England and Wales.
The registered office is
6 Sweet Briar Mews, Victoria Street, St. Albans, England, AL1 3TG.
1.1
Accounting convention
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 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 pound.
1.2
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value.
2
Creditors: amounts falling due within one year
2019
2018
£
£
Other creditors
4,335
3,300
3
Members' liability
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 £1.