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Fosslands Fosslands Farm Management Company Limited is a non-profit making, private company, registered at Companies House, and wholly owned by the residents of the Fosslands estate within Earswick village. Each household has one share in the company; there are 125 shares in total. The Management Company is primarily responsible for keeping in good order and condition all private amenity areas on the estate, most notably the village green, the two grassed areas of land at the front of the estate adjoining Strensall Road and the two passageways linking Whitelands to Lockhouse Lane and from the village green to the village hall. Maintenance of this land involves carrying out all necessary inspections, mowing of the grassed areas, trimming, pruning, repair and replacement of trees and bushes and ,of course maintenance of the Maypole. The Management Company is also required by law to arrange Public Liability Insurance in relation to the Amenity Areas, for the auditing of accounts and for the provision of other regulatory returns to Companies House. All households (regardless of when the property was purchased) have a legal obligation to pay the Management Company their proportion of the maintenance expenses. This is calculated at 1/125th share per household. This Deed of Covenant is included in each resident’s Property Transfer details. The Maintenance charge for 2010-2011 is £125 per household. Current Directors: Derek Jones, 41 Earswick Chase, Earswick, York YO32 9FZ Phil Sapsford, 7 Lockhouse Lane, Earswick, York YO32 9FT Company Secretary: Tim Mudd, Mudd & Co, 5 Peckitt Street, York YO1 9SF Fosslands Update September 2011During the summer months the main area of activity has been to concentrate on cutting the grassed areas around the estate and keeping the areas generally tidy. Weed spraying of the grass verges and the village green was also carried out in late May and early June. Unaudited financial accounts for the year 2010-2011 are now available and if any Fosslands resident would like a full copy could you please contact either Derek or Phil. A copy of the abridged version is shown below. The accounts show a surplus on ordinary activities for the year of £1993. After covering the losses for the two previous years the profit and loss account now shows a surplus of £249. Once again we have made an exceptional provision in the accounts for a debt of £5,318.75 as a result of a claim from the previous landscape contractor, which we are legally obliged to leave in the accounts for 6 years before it can be released. Three years to go!! For the current year, ending June 2012, we are projecting a surplus of around £1,800. The Directors hope to be able to leave the Management Fee for 2012-2013 unchanged at £125. EXTRACT FROM FINANCIAL STATEMENTSFULL STATEMENTS ARE AVAILABLE FROM THE DIRECTORS PHIL SAPSFORD @7 LOCK HOUSE LANE, EARSWICK & DEREK JONES @ 41 EARSWICK CHASE, EARSWICK OR BY EMAILING Note2011. Invoices will be sent out week commencing 23
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