The director of the company has elected not to include a copy of the income and expenditure account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Monkswood (Waltham Abbey) Management Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is C/o MCS, Saxon House, 6A St Andrew Street, Hertford, Herts, United Kingdom, SG14 1JA.

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

All cost of maintaining the freehold property are bourne by the tenants and are recovered by the managing agents via service charge demands. The expenditure is recovered in the separately prepared Service Charge accounts and these accounts do not therefore include any maintenance costs.

The average monthly number of persons (including directors) employed by the company during the year was:

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.