ACCOUNTS - Final Accounts
ACCOUNTS - Final Accounts
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Registered number:
(A company limited by guarantee)
UNAUDITED
FOR THE YEAR ENDED 31 MAY 2018
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16 THURLOE PLACE FREEHOLD LIMITED
(A company limited by guarantee)
COMPANY INFORMATION
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16 THURLOE PLACE FREEHOLD LIMITED
(A company limited by guarantee)
CONTENTS
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16 THURLOE PLACE FREEHOLD LIMITED
(A company limited by guarantee)
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MAY 2018
The directors present their report and the financial statements for the year ended 31 May 2018.
known as 16 Thurloe Place, London on a non profit basis. The whole of the service and management expenses are recoverable from the lessees in accordance with the terms of their respective leases.
The company acts as a trustee in respect of service charge monies collected in connection with the above
property. In accordance with recommendations from ARMA (Association of Residential Managing Agents), the service charge monies are excluded from the accounts as the company acts only in a trustee capacity in this connection. Separate service charge accounts are prepared and certified.
The directors who served during the year were:
The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the surplus or deficit of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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16 THURLOE PLACE FREEHOLD LIMITED
(A company limited by guarantee)
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2018
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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16 THURLOE PLACE FREEHOLD LIMITED
(A company limited by guarantee)
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 16 THURLOE PLACE FREEHOLD LIMITED
FOR THE YEAR ENDED 31 MAY 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 16 Thurloe Place Freehold Limited for the year ended 31 May 2018 which comprise the Statement of financial position from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/ members/regulations-standards-and-guidance/.
This report is made solely to the Board of directors of 16 Thurloe Place Freehold Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of 16 Thurloe Place Freehold Limited and state those matters that we have agreed to state to the Board of directors of 16 Thurloe Place Freehold Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 16 Thurloe Place Freehold Limited and its Board of directors, as a body, for our work or for this report.
It is your duty to ensure that 16 Thurloe Place Freehold Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of 16 Thurloe Place Freehold Limited. You consider that 16 Thurloe Place Freehold Limited is exempt from the statutory audit requirement for the year.
1-3 Ship Street
Shoreham-by-Sea
West Sussex
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16 THURLOE PLACE FREEHOLD LIMITED
(A company limited by guarantee)
REGISTERED NUMBER: 06357647
STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2018
Notes
16 Thurloe Place Freehold Limited is a private company limited by guarantee, incorporated in England and Wales. Its registered office is 16 Thurloe Place, London, SW7 2RZ.
The average monthly number of employees, including directors, during the year was 0 (2017 - 0).
Directors' confirmations
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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