12 Chatsworth Road Ltd - Limited company accounts 11.6

REGISTERED NUMBER: 05905887 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

12 CHATSWORTH ROAD LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Accountants

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

C Parfitt

Dr M C Studer

G Warrander

Ms A L Cohen

M Woolman

SECRETARY:

Mortimer Secretaries Limited

REGISTERED OFFICE:

C/O John Mortimer Property Management

Bagshot Road

Bracknell

Berkshire

RG12 9SE

REGISTERED NUMBER:

05905887 (England and Wales)

ACCOUNTANTS:

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

The directors present their report with the financial statements of the company for the year ended 30 June 2014.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the holding of the freehold property 12

Chatsworth Road, Kilburn, London, NW2 4BN. The company is also responsible for the administration of variable

service charges as agents of the statutory trust for the lessees of the freehold property.

The company has no income or expenditure in its own right, all transactions in the year being related to the maintenance

of the common parts in accordance with the lease. Service charges collected are held on trust for the purpose of meeting

the relevant costs in relation to the property in accordance with the provision of section 42 of the Landlord and Tenant

Act 1987.

DIRECTORS

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

C Parfitt

Dr M C Studer

G Warrander

Ms A L Cohen

M Woolman

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:

J Mortimer on behalf of

Mortimer Secretaries Limited - Secretary

10 February 2015

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

30 June 2014 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

18 March 2015

TURNOVER

-

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

-

Tax on profit on ordinary activities

3

-

PROFIT FOR THE FINANCIAL YEAR

-

FIXED ASSETS

Tangible assets

4

52,076

TOTAL ASSETS LESS CURRENT
LIABILITIES

52,076

RESERVES

Fixed asset - capital reserve

on purchase

5

52,076

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 12 March 2015 and were signed on its behalf by:

C Parfitt - 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.

Service charges

The company is responsible for the management of 12 Chatsworth Road and collects service charges from

lessees in order to fund expenditure incurred in the management of the property. These service charge funds are

held in trust for the lessees as required by the Landlord and Tenant Act 1987. Transactions relating to the

management of the property are reported separately to the lessees and are excluded from the company's financial

statements.

Tangible fixed assets

Freehold buildings are depreciated to write down the cost less estimated residual value over the remaining useful

life by equal instalments. Where buildings are maintained to such a standard that their estimated residual value is

not less than their cost or valuation, no depreciation is charged as it is not material.

2.	OPERATING PROFIT

The operating profit is stated after charging:

2014

2013

£

Directors' remuneration and other benefits etc

-

3.

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.

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 July 2013

and 30 June 2014

52,076

NET BOOK VALUE

At 30 June 2014

52,076

At 30 June 2013

52,076

5.

RESERVES

Fixed

asset -

Profit

capital

and loss

reserve

account

on

Totals

£

At 1 July 2013

-

52,076

Profit for the year

-

At 30 June 2014

-

52,076

6.

GUARANTEE

The company is limited by guarantee and does not have a share capital. The liability of each member is limited to

£1. At 30 June 2014 there were four members of the company.