IRIS Accounts Production
v18.2.0.360
02878166
Board of Directors
1.1.17
31.12.17
31.12.17
the management of the property known as Hazeldene Court, Hazeldene Mews, North Shields, Tyne & Wear
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REGISTERED NUMBER:
02878166
(England and Wales)
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REPORT OF THE DIRECTORS AND
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2017
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HAZELDENE MEWS (TYNEMOUTH) MANAGEMENT
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Report of the Directors
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2
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Notes to the Financial Statements
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5
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SECRETARY:
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Mrs P J Campbell |
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REGISTERED NUMBER:
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02878166 (England and Wales)
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ACCOUNTANTS:
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Stephenson Nuttall & Co
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The directors present their report with the financial statements of the company for the year ended 31st December 2017. |
The directors shown below have held office during the whole of the period from 1st January 2017 to the date of this
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
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Service charge expenditure
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42,901
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42,005
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|
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OPERATING SURPLUS
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1,993
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1,277
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Interest receivable and similar income
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6
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17
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|
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SURPLUS BEFORE TAXATION
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1,999
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1,294
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SURPLUS FOR THE FINANCIAL YEAR
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1,998
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1,291
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|
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Amounts falling due within one year
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5
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37,571
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33,623
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|
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TOTAL ASSETS LESS CURRENT
LIABILITIES
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-
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-
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The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2017. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2017 in accordance with Section 476 of the Companies Act 2006. |
The directors acknowledge their responsibilities for:
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(a)
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
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(b)
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preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its surplus or deficit for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.
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The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
The financial statements were approved by the Board of Directors on
21st August 2018 and were signed on its behalf
by:
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Hazeldene Mews (Tynemouth) Management Company Limited is a
private company, limited by guarantee ,
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registered in England and Wales. The company's registered number and registered office address can be found
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on the Company Information page.
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Basis of preparing the financial statements
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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. |
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During the year, the company received monies from residents, as agent, in respect of service charges and
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associated income, which are held on trust and do not constitute turnover.
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Presentation of the profit and loss account
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The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company
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accounts in order to provide more information to lessees and other parties who may be interested in the
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expenditure incurred in the management of the property.
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Analysis of the tax charge
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The tax charge on the surplus for the year was as follows:
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4.
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DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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|
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Bank balances held by managing agent
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32,393
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28,175
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|
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Service Charge Deficit
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- |
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74 |
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5.
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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|
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Trade creditors
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13,349
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11,713
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|
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Service Charge Account
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1,924 |
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- |
|
|
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Reserve Fund
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21,076 |
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19,984 |
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Accrued expenses
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1,222
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1,926
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|
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Surplus for the year
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1,998
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|
|
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Transfer (to)/from Service
Charge
Account
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(1,998 |
) |
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7.
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CONTINGENT LIABILITIES
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The company had no contingent liabilities at 31 December 2017 (2016 - None).
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Contracted but not provided for in the
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9.
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RELATED PARTY DISCLOSURES
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The company is a mutual trading company and as such received income in the form of service charge from
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residents, some of whom are directors of the company. Service charges payable by the directors are on the same
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basis as for all of the other residents. No other transactions with related parties were undertaken such as required
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to be disclosed under FRS 102.
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10.
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LIMIT OF MEMBERS LIABILITY
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The liability of the members of the company is limited by guarantee to £25 each.
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