Hotspur Wood No2 Residents Company Limit - Limited company accounts 11.6

REGISTERED NUMBER: 02281707 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2014

for

Hotspur Wood No 2 Residents

Company Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

L S Presland

E Nkrumah

SECRETARY:

Hillcrest Estate Management Ltd

REGISTERED OFFICE:

5 Grove Road

Redland

Bristol

BS6 6UJ

REGISTERED NUMBER:

02281707 (England and Wales)

ACCOUNTANTS:

Goatcher Chandler

Chartered Accountants

10 Overcliffe

Gravesend

Kent

DA11 0EF

BANKERS:

Lloyds TSB

Cranbrook Road

Ilford

Essex

The directors present their report with the financial statements of the company for the year ended

30 June 2014.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2013 to the

date of this report.

L S Presland

E Nkrumah

This report has been prepared in accordance with the special provisions of Part 15 of the

Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A G Jenner

Hillcrest Estate Management Ltd - Secretary

4 February 2015

TURNOVER

-

-

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

2

-

-

Tax on profit on ordinary activities

4

-

-

PROFIT FOR THE FINANCIAL YEAR

-

-

FIXED ASSETS

Tangible assets

6

1

1

CURRENT ASSETS

Debtors

7

719

719

NET CURRENT ASSETS

719

719

TOTAL ASSETS LESS CURRENT LIABILITIES

720

720

CAPITAL AND RESERVES

Called up share capital

8

120

120

Share premium

9

600

600

SHAREHOLDERS' FUNDS

720

720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

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

(b)

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 profit or loss 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.

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 2 February 2015 and were signed on its behalf by:

L S Presland - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company was dormant throughout the current year and previous year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

2014

2013

£

£

Directors' remuneration and other benefits etc

-

-

3.	TRANSFER TO MAINTENANCE RESERVE

Details of the transfer are given in Note 9.The provision of a Maintenance Reserve is for

future major internal or external decorations which may become necessary.

4.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended

30 June 2014 nor for the year ended 30 June 2013.

5.	PRIOR YEAR ADJUSTMENT

In previous years service charges collected from lessees have been accounted for as

income of the company. In accordance with guidance by ICAEW, ARMA and RICS, service

charge monies are held in trust by the company and should not be accounted for as

company assets. These accounts have therefore been restated to remove all amounts

relating to service charges.

6.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 July 2013

and 30 June 2014

1

NET BOOK VALUE

At 30 June 2014

1

At 30 June 2013

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

The Residents of Hotspur Wood no 2 Residents Company

719

719

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

24

Ordinary

£5

120

120

9.

RESERVES

Profit

and loss

Share

account

premium

Totals

£

£

£

At 1 July 2013

-

600

600

Profit for the year

-

-

At 30 June 2014

-

600

600