REGISTERED NUMBER: 02336698 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

EASTGATE CENTRE MERCHANTS ASSOCIATION

(BASILDON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Levy

I Clark

A Driver

Mrs R Ferguson

Mrs L Maddison

Ms S Patel

SECRETARY:

I Clark

REGISTERED OFFICE:

Eastgate Centre Management Office

Eastgate Business Centre

Southernhay

BASILDON

Essex

SS14 1EB

REGISTERED NUMBER:

02336698 (England and Wales)

SENIOR STATUTORY AUDITOR:

Philip Lawrence

AUDITORS:

Baverstocks

Statutory Auditor

Chartered Accountants

Dickens House

Guithavon Street

Witham

Essex

CM8 1BJ

BANKERS:

Barclays Bank Plc

Barclays Business Centre

2 East Walk

BASILDON

Essex

SS14 1HN

FIXED ASSETS

Tangible assets

4

7,627

8,974

CURRENT ASSETS

Debtors

5

26,714

25,027

Cash at bank

84,805

77,895

111,519

102,922

CREDITORS

Amounts falling due within one year

6

20,936

9,553

NET CURRENT ASSETS

90,583

93,369

TOTAL ASSETS LESS CURRENT LIABILITIES

98,210

102,343

RESERVES

Income and expenditure account

98,210

102,343

SHAREHOLDERS' FUNDS

98,210

102,343

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 August 2018 and were signed on its behalf by:

I Clark - Director

1.	STATUTORY INFORMATION

Eastgate Centre Merchants Association (Basildon) Limited is a private company, limited by guarantee ,

registered in England and Wales. The company's registered number and registered office address can be found

on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts of subscriptions invoiced to members, excluding Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and Machinery

-

15% on reducing balance

Fixtures and Fittings

-

15% on reducing balance

Office Equipment

-

15% on reducing balance

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.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Office

Machinery

Fittings

Equipment

Totals

£

£

£

£

COST

At 1 April 2017

and 31 March 2018

3,150

4,288

9,951

17,389

DEPRECIATION

At 1 April 2017

2,399

1,195

4,821

8,415

Charge for year

113

464

770

1,347

At 31 March 2018

2,512

1,659

5,591

9,762

NET BOOK VALUE

At 31 March 2018

638

2,629

4,360

7,627

At 31 March 2017

751

3,093

5,130

8,974

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Prepayments and Accrued Income

10,152

4,123

VAT Refundable

16,562

20,904

26,714

25,027

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade Creditors

17,809

6,329

Corporation Tax

28

19

Other Creditors

799

10

Accruals and Deferred Income

2,300

3,195

20,936

9,553

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philip Lawrence (Senior Statutory Auditor)

for and on behalf of Baverstocks

8.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns

to the tax authorities and assist with the preparation of the financial statements.