Abbey Court (Camberley) Ltd. - Period Ending 2018-12-31

Registration number: 07069803

Abbey Court (Camberley) Ltd.

Annual Report and Unaudited Financial Statements - Companies House Filing

for the Year Ended 31 December 2018

Stewart & Co
Chartered Accountants
Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY

Abbey Court (Camberley) Ltd.

Contents

Company Information	1
Accountants' Report	2
Statement of Financial Position	3
Notes to the Financial Statements	4 to 5

Abbey Court (Camberley) Ltd.

Company Information

Directors

Ms S T Brett Mrs H J M Harcarik Mrs P C Pagett Mr R H Hayes Ms H R Martin

Registered office

Knoll House Knoll Road Camberley Surrey GU15 3SY

Accountants

Stewart & Co Chartered Accountants Knoll House Knoll Road Camberley Surrey GU15 3SY

Page 1

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Abbey Court (Camberley) Ltd.
for the Year Ended 31 December 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Abbey Court (Camberley) Ltd. for the year ended 31 December 2018 as set out on pages 3 to 5 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 Abbey Court (Camberley) Ltd., as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Abbey Court (Camberley) Ltd. and state those matters that we have agreed to state to the Board of Directors of Abbey Court (Camberley) Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abbey Court (Camberley) Ltd. and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Abbey Court (Camberley) Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and deficit of Abbey Court (Camberley) Ltd.. You consider that Abbey Court (Camberley) Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Abbey Court (Camberley) Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Stewart & Co
Chartered Accountants
Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY

2 April 2019

Page 2

Abbey Court (Camberley) Ltd.

(Registration number: 07069803)
Statement of Financial Position as at 31 December 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	112,900	112,900
Current assets
Debtors	5	7,085	9,633
Cash at bank and in hand		55,388	56,663
		62,473	66,296
Creditors: Amounts falling due within one year	6	(12,209)	(7,506)
Net current assets		50,264	58,790
Net assets		163,164	171,690
Capital and reserves
Called up share capital		39	39
Income and expenditure account		163,125	171,651
Total equity		163,164	171,690

For the financial year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 2 April 2019 and signed on its behalf by:
 

.........................................

Mrs P C Pagett
Director

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 3

Abbey Court (Camberley) Ltd.

Notes to the Financial Statements for the Year Ended 31 December 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents the service charges and rental income receivable from the residents and others for the year in question.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land	nil

Page 4

Abbey Court (Camberley) Ltd.

Notes to the Financial Statements for the Year Ended 31 December 2018

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

Due to the nature of the company’s activities there were no employees in the current or previous year.

4	Tangible assets

	Freehold property £	Total £
Cost or valuation
At 1 January 2018	112,900	112,900
At 31 December 2018	112,900	112,900
Depreciation
Carrying amount
At 31 December 2018	112,900	112,900
At 31 December 2017	112,900	112,900

5

Debtors

	2018 £	2017 £
Prepayments	4,102	4,443
Other debtors	2,983	5,190
	7,085	9,633

6

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Taxation and social security	2,821	1,504
Accruals and deferred income	7,543	4,157
Other creditors	1,845	1,845
	12,209	7,506

Page 5