ACADEMY FLATS (ST IVES) MANAGEMENT LIMITED

Company Registration Number:
03146283 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2017

Period of accounts

Start date: 01 February 2016

End date: 31 January 2017

ACADEMY FLATS (ST IVES) MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2017

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 9

ACADEMY FLATS (ST IVES) MANAGEMENT LIMITED

Company Information

for the Period Ended 31 January 2017




Director: Richard Standley Clegg
Marjorie Greenwood
Robert William Notman
Registered office: Tregenna Steps Studio
Tregenna Terrace
St Ives
Cornwall
TR26 2DL
Company Registration Number: 03146283 (England and Wales)

ACADEMY FLATS (ST IVES) MANAGEMENT LIMITED

Directors' Report Period Ended 31 January 2017

The directors present their report with the financial statements of the company for the period ended 31 January 2017

Principal Activities

The principal activity of the Company is the management of the freehold of Flats 1, 2 and 3Academy Flats, St Ives, Cornwall for the benefit of the lessees of those flats who are the shareholders of the company.

Directors

The directors shown below have held office during the whole of the period from 01 February 2016 to 31 January 2017
Richard Standley Clegg
Marjorie Greenwood
Robert William Notman

This report was approved by the board of directors on 22 May 2017
And Signed On Behalf Of The Board By:

Name: Richard Standley Clegg
Status: Director

Name: Marjorie Greenwood
Status: Director

Name: Robert William Notman
Status: Director

ACADEMY FLATS (ST IVES) MANAGEMENT LIMITED

Profit and Loss Account

for the Period Ended 31 January 2017


Notes

2017
£

2016
£
Gross Profit or (Loss) 75 75
Administrative Expenses (75) (75)
Operating Profit or (Loss) 0 0
Profit or (Loss) Before Tax 0 0
Profit or (Loss) for Period 0 0

The notes form part of these financial statements

ACADEMY FLATS (ST IVES) MANAGEMENT LIMITED

Balance sheet

As at 31 January 2017


Notes

2017
£

2016
£
Fixed assets
Tangible assets: 2 499 499
Total fixed assets: 499 499
Current assets
Creditors: amounts falling due within one year: ( 779 ) ( 779 )
Net current assets (liabilities): ( 779 ) ( 779 )
Total assets less current liabilities: ( 280 ) ( 280 )
Total net assets (liabilities): ( 280 ) ( 280 )

The notes form part of these financial statements

ACADEMY FLATS (ST IVES) MANAGEMENT LIMITED

Balance sheet continued

As at 31 January 2017


Notes

2017
£

2016
£
Capital and reserves
Called up share capital: 3 3
Profit and loss account: ( 283 ) ( 283 )
Shareholders funds: ( 280 ) ( 280 )

For the year ending 31 January 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 22 May 2017
And Signed On Behalf Of The Board By:

Name: Richard Standley Clegg
Status: Director

Name: Marjorie Greenwood
Status: Director

Name: Robert William Notman
Status: Director

The notes form part of these financial statements

ACADEMY FLATS (ST IVES) MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2017

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible fixed assets represent freehold interests and have not been depreciated.

ACADEMY FLATS (ST IVES) MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2017

2. Tangible Assets

Total
Cost £
At 01 February 2016 499
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2017 499
Depreciation
At 01 February 2016 -
Charge for year -
On disposals -
Other adjustments -
At 31 January 2017 -
Net book value
At 31 January 2017 499
At 31 January 2016 499

The tangible fixed assets represent flying freehold interests and have not been depreciated.