Registration number:
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Park Drive Management Company (Trentham) Limited
Contents
Company Information |
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Income and Expenditure and Retained Contributions |
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Balance Sheet |
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Notes to the Financial Statements |
Park Drive Management Company (Trentham) Limited
Company Information
Registered office |
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Bankers |
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Accountants |
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Park Drive Management Company (Trentham) Limited
Income and Expenditure and Statement of Retained Contributions for the Year Ended 31 December 2020
2020 |
2019 |
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Income |
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Administrative expenses |
( |
( |
Surplus/(excess) income over expenses |
( |
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Other interest receivable and similar income |
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6 |
9 |
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Surplus/(excess) to Contingency Fund |
( |
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Retained contributions brought forward |
29,710 |
28,025 |
Retained contributions carried forward |
2,343 |
29,710 |
The company has no other comprehensive income or other changes in equity for either the current or prior year other than the results above. Therefore no separate statement of other comprehensive income or statement of changes in equity has been presented.
Park Drive Management Company (Trentham) Limited
(Registration number: 02482319)
Balance Sheet as at 31 December 2020
Note |
2020 |
2019 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Contingency Fund |
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Total equity |
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For the financial year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Park Drive Management Company (Trentham) Limited
Notes to the Financial Statements for the Year Ended 31 December 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.
Income recognition
The company's income is generated from service charge contributions in respect of shared land owned by residents of property located in Park Drive, Stoke-On-Trent, Staffordshire.
Financial instruments
Classification
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Park Drive Management Company (Trentham) Limited
Notes to the Financial Statements for the Year Ended 31 December 2020
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
2020 |
2019 |
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Trade debtors |
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- |
Prepayments |
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Other debtors |
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Creditors |
Note |
2020 |
2019 |
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Due within one year |
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Other creditors |
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