Company Registration No. 03322198 (England and Wales)
MONTEVETRO MANAGEMENT COMPANY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
MONTEVETRO MANAGEMENT COMPANY LIMITED
COMPANY INFORMATION
Directors
Mrs J L Robinson
Mr A C Mair
Mr C J Kerr
Ms R Horwood-Smart
Mr N Roberts
Mr M J Shorthouse
Mr S P O Pulsford
Mr M C Bonning-Snook
Secretary
HML Company Secretarial Services Limited
Company number
03322198
Registered office
94 Park Lane
Croydon
Surrey
CR0 1JB
Accountants
RDP Newmans LLP
Lynwood House
373-375 Station Road
Harrow
Middlesex
HA1 2AW
MONTEVETRO MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3
MONTEVETRO MANAGEMENT COMPANY LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2016
- 1 -
The directors present their annual report and financial statements for the year ended 31 December 2016.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mrs J L Robinson
Mr A C Mair
Mr C J Kerr
Ms R Horwood-Smart
Mr N Roberts
Mr M J Shorthouse
Mr S P O Pulsford
Mr M C Bonning-Snook
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr M C Bonning-Snook
Director
24 March 2017
MONTEVETRO MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
- 2 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
2
15,538
15,538
Net current assets
15,538
15,538
Reserves
Income and expenditure account
15,538
15,538
For the financial year ended 31 December 2016 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
T he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 .
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 24 March 2017 and are signed on its behalf by:
Mr M C Bonning-Snook
Mrs J L Robinson
Director
Director
Company Registration No. 03322198
MONTEVETRO MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
- 3 -
1
Accounting policies
Company information
Montevetro Management Company Limited is a
private
company
limited by guarantee
incorporated in England and Wales.
The registered office is
94 Park Lane, Croydon, Surrey, CR0 1JB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
These financial statements for the year ended 31 December 2016
are the
first
financial statements of Montevetro Management Company Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 January 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
In accordance with the transitional exemption in section 35 of FRS 102, Montevetro Management Company Limited has elected to retain its accounting policies for reported assets, liabilities and equity before the date of transition to FRS 102.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements
2
Debtors
2016
2015
Amounts falling due within one year:
£
£
Other debtors
15,538
15,538
3
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
4
Controlling party
The ultimate controlling interest is held jointly by the members of the company.