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76 KENTON ROAD MANAGEMENT CO. LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
The principal activity of the company continued to be that of maintaining the common parts of embassy court,76 Kenton Road.
2.
Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
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The following principal accounting policies have been applied:
The financial statement have been prepared on the assumption that the company will continue to trade for the foreseeable future.The ability of the company to meet its liabilities as they fall due and to carry its business is dependent on contined support of the directors.The directors are of the opinion that such financial support will contine for the foreseeable future and that it is appropriate to prepare the company's financial statement on a going basis.
Tax is recognised in the Profit and Loss Account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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