Poppy Place Residents Company Limited - Limited company accounts 11.7

Poppy Place Residents Company Limited - Limited company accounts 11.7

POPPY PLACE RESIDENTS COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 02959562 (England and Wales)













REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

POPPY PLACE RESIDENTS COMPANY LIMITED

POPPY PLACE RESIDENTS COMPANY LIMITED (REGISTERED NUMBER: 02959562)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2014




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


POPPY PLACE RESIDENTS COMPANY LIMITED

COMPANY INFORMATION
For The Year Ended 30 September 2014







DIRECTORS: Mrs B W Bench
D S C Chapman
P Desai
Mrs J Y Vogel





SECRETARY: Atlantis Secretaries Limited





REGISTERED OFFICE: Atlantis Secretaries Ltd
23/24 Market Place
Reading
Berkshire
RG1 2DE





REGISTERED NUMBER: 02959562 (England and Wales)





ACCOUNTANTS: Kirk Rice LLP
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP
Page 1
POPPY PLACE RESIDENTS COMPANY LIMITED (REGISTERED NUMBER: 02959562)

REPORT OF THE DIRECTORS
For The Year Ended 30 September 2014

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

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the holding of the freehold property Poppy Place, Milton
Road, Wokingham. 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 October 2013 to the date of this report.

Mrs B W Bench
D S C Chapman
P Desai
Mrs J Y Vogel

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:





P Desai - Director


2 May 2015

Page 2
POPPY PLACE RESIDENTS COMPANY LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
POPPY PLACE RESIDENTS COMPANY LIMITED


As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 September 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


5 May 2015

This page does not form part of the statutory financial statements

Page 3
POPPY PLACE RESIDENTS COMPANY LIMITED (REGISTERED NUMBER: 02959562)

PROFIT AND LOSS ACCOUNT
For The Year Ended 30 September 2014

2014 2013
Notes £    £   

TURNOVER - -
OPERATING PROFIT and
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION
2
-
-

Tax on profit on ordinary activities 3 - -
PROFIT FOR THE FINANCIAL YEAR - -

The notes form part of these financial statements

Page 4
POPPY PLACE RESIDENTS COMPANY LIMITED (REGISTERED NUMBER: 02959562)

BALANCE SHEET
30 September 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Debtors 5 840 840
NET CURRENT ASSETS 840 840
TOTAL ASSETS LESS CURRENT
LIABILITIES
841
841

CAPITAL AND RESERVES
Called up share capital 6 140 140
Share premium 7 700 700
Profit and loss account 7 1 1
SHAREHOLDERS' FUNDS 841 841

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 May 2015 and were signed on its behalf by:





P Desai - Director


The notes form part of these financial statements

Page 5
POPPY PLACE RESIDENTS COMPANY LIMITED (REGISTERED NUMBER: 02959562)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2014

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 Poppy Place 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 September 2014 nor for the year ended
30 September 2013.

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 October 2013
and 30 September 2014 1
NET BOOK VALUE
At 30 September 2014 1
At 30 September 2013 1

Included in cost of land and buildings is freehold land of £ 1 (2013 - £ 1 ) which is not depreciated.

Page 6 continued...
POPPY PLACE RESIDENTS COMPANY LIMITED (REGISTERED NUMBER: 02959562)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2014

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2014 2013
£    £   
Poppy Place 840 840

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
28 Ordinary £5 140 140

7. RESERVES
Profit
and loss Share
account premium Totals
£    £    £   

At 1 October 2013 1 700 701
Profit for the year - -
At 30 September 2014 1 700 701


Page 7