Company Registration No. 02393393 (England and Wales)
THE CHASE (WARREN HEATH) MANAGEMENT LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
PAGES FOR FILING WITH REGISTRAR
THE CHASE (WARREN HEATH) MANAGEMENT LIMITED
COMPANY INFORMATION
Directors
J L Woods
W R Robbins
J P Murphy
Company number
02393393
Registered office
8 Kings Court Newcomen Way
Severalls Industrial Park
Colchester
Essex
CO4 9RA
Accountants
Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
THE CHASE (WARREN HEATH) MANAGEMENT LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3
THE CHASE (WARREN HEATH) MANAGEMENT LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2020
- 1 -
The directors present their annual report and financial statements for the year ended 31 March 2020.
The company is dormant and has not traded during the year.
Principal activities
The principle activity of the company during the year was the management of real estate. The company operates as a not for profit organisation. The company has no income or expenditure in its own right; all transactions in the year related to the maintenance of common parts in accordance with the lease. Service charges collected are held in trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of sections 42 of the Landlord and Tenant Act 1987.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
J L Woods
W R Robbins
J P Murphy
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the Board of Directors
W R Robbins
Director
22 March 2021
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2020
The company has not traded during the year. During the year, the company received no income
and incurred no expenditure and, therefore, made neither a profit nor a loss.
THE CHASE (WARREN HEATH) MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 MARCH 2020
31 March 2020
- 2 -
2020
2019
Notes
£
£
£
£
Current assets
Debtors
2
36
36
Net current assets
36
36
Capital and reserves
Called up share capital
3
36
36
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 22 March 2021 and are signed on its behalf by:
W R Robbins
Director
Company Registration No. 02393393
THE CHASE (WARREN HEATH) MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
- 3 -
1
Accounting policies
Company information
The Chase (Warren Heath) Management Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
8 Kings Court Newcomen Way, Severalls Industrial Park, Colchester, Essex, CO4 9RA.
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 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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company acts as a trustee of a statutory trust in respect of service charge monies collected for the maintenance of The Chase (Warren Heath), Mill Road Drive, Ipswich. The company has changed its policy to exclude these funds from the company's accounts as separate service charge accounts are prepared and certified.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
2
Debtors
2020
2019
Amounts falling due within one year:
£
£
Other debtors
36
36
3
Called up share capital
2020
2019
£
£
Ordinary share capital
Issued and not fully paid
36 Ordinary shares of £1 each
36
36