T.P. Flat Services (2) Limited - Limited company accounts 18.2

T.P. Flat Services (2) Limited - Limited company accounts 18.2

T.P. FLAT SERVICES (2) LIMITED - Company Information

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REGISTERED NUMBER: 01321202 (England and Wales)













REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2018

FOR

T.P. FLAT SERVICES (2) LIMITED
T.P. FLAT SERVICES (2) LIMITED (REGISTERED NUMBER: 01321202)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2018




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


T.P. FLAT SERVICES (2) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2018







DIRECTORS: P Hatton
J Millington





SECRETARY: Sutherland Corporate Services Limited





REGISTERED OFFICE: Sutherland House
1759 London Road
Leigh-on-Sea
Essex
SS9 2RZ





REGISTERED NUMBER: 01321202 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ
Page 1
T.P. FLAT SERVICES (2) LIMITED (REGISTERED NUMBER: 01321202)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30TH SEPTEMBER 2018

The directors present their report with the financial statements of the company for the year ended 30th September 2018.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the administration of variable service charges as
agents of the statutory trust for the residents of The Colts, Bishop's Stortford.

In accordance with guidance contained in ICAEW publication Tech 3/11 and FRC UITF publication 92 (withdrawn) the
company have recorded transactions where it may be deemed to have been acting as a principal or undisclosed agent to
purchase goods and services on behalf of the service charge.

Balances in the financial statements relate solely to amounts due to or from the service charge.

Lessees can obtain the full set of information about service charges in separately prepared service charge accounts.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st October 2017 to the date of this report.

P Hatton
J Millington

Other changes in directors holding office are as follows:

Mrs L P Parker - appointed 10th November 2017 - resigned 17th August 2018

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





J Millington - Director


12th June 2019

Page 2
T.P. FLAT SERVICES (2) LIMITED (REGISTERED NUMBER: 01321202)

INCOME STATEMENT
FOR THE YEAR ENDED 30TH SEPTEMBER 2018

2018 2017
Notes £    £   

TURNOVER - 15,600

Administrative expenses 10,727 11,637
(10,727 ) 3,963

Other operating income 10,727 -
OPERATING PROFIT - 3,963

Interest receivable and similar income - 38
PROFIT BEFORE TAXATION - 4,001

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR - 4,001

The notes form part of these financial statements

Page 3
T.P. FLAT SERVICES (2) LIMITED (REGISTERED NUMBER: 01321202)

BALANCE SHEET
30TH SEPTEMBER 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Debtors 4 2,443 651
Cash at bank - 30,123
2,443 30,774
CREDITORS
Amounts falling due within one year 5 2,443 3,993
NET CURRENT ASSETS - 26,781
TOTAL ASSETS LESS CURRENT
LIABILITIES
-
26,781

CAPITAL AND RESERVES
Called up share capital 361 361
Capital redemption reserve 8,324 8,324
Retained earnings (8,685 ) 18,096
- 26,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2018 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 provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 12th June 2019 and were signed on its behalf by:





J Millington - Director


The notes form part of these financial statements

Page 4
T.P. FLAT SERVICES (2) LIMITED (REGISTERED NUMBER: 01321202)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2018

1. STATUTORY INFORMATION

T.P. Flat Services (2) Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Changes in accounting policies
The company acts as trustee of a statutory trust in respect of service charge monies collected for the maintenance of
The Colts, Thorley, Bishop's Stortford, Hertfordshire, CM23 4DL. The company has changed it's accounting policy
to exclude these funds from the company's accounts as separate service charge accounts are prepared and certified.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

3. BANK

Service Charge funds are held in trust at Barclays bank.

At the balance sheet date balances reflected in the separate service charge accounts were:

Unpaid service charges due £1,625
Managing agent's Barclays client account £18,353
Barclays Reserve account £14,099

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 651
Other debtors 2,443 -
2,443 651

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 1,516 -
Other creditors 927 3,993
2,443 3,993

6. ULTIMATE CONTROLLING PARTY

There is no controlling party. All lessees hold shares and are entitled to vote.

Page 5