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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2020 |
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FOR |
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70 CONINGHAM ROAD MANAGEMENT COMPANY LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2020 |
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FOR |
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70 CONINGHAM ROAD MANAGEMENT COMPANY LTD |
70 CONINGHAM ROAD MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 03993313) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 MARCH 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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70 CONINGHAM ROAD MANAGEMENT COMPANY LTD |
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COMPANY INFORMATION |
for the Year Ended 31 MARCH 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Savoy House |
Savoy Circus |
London |
W3 7DA |
70 CONINGHAM ROAD MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 03993313) |
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BALANCE SHEET |
31 MARCH 2020 |
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31.3.20 | 31.3.19 |
£ | £ |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
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RESERVES | - | - |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
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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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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
its behalf by: |
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70 CONINGHAM ROAD MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 03993313) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 MARCH 2020 |
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1. | STATUTORY INFORMATION |
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70 Coningham Road Management Company Ltd is a
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The company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company owns the freehold and is managing agent for the property known as 70 Coningham Road. The company has no |
income or expenditure in its own right. All transactions in the year relate to maintenance of the common parts and are dealt |
with as decided between the leaseholders, currently being shared between them on a day to day basis. These would normally |
form part of separate service charge accounts. However, in order to avoid the expense of preparation the leaseholders have |
decided not to prepare these whilst the current payment arrangement continues satisfactorily with no arrears. Income and |
expenditure arising from these transactions for the property do not form part of the annual accounts for the company in |
accordance with the lease and so are not included herein. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
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4. | RELATED PARTY DISCLOSURES |
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The company is controlled by the directors, who together with other members are the owners or occupants of the flats |
occupying the land at 70 Coningham Road, London. Members contribute to the maintenance costs of the common parts of the |
building. |
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5. | LIMITED BY GUARANTEE |
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Every member of the company undertakes to contribute such amount as may be required (not exceeding £1.00) to the |
company's assets if it should be wound up while he is a member or within one year after he ceases to be a member for payment |
of the company's debts and liabilities contracted before he ceases to be a member and of the costs, charges and expenses of |
winding up, and for the adjustment of the rights of the contributories among themselves. |