Hummicks Residents Limited - Limited company accounts 11.7

REGISTERED NUMBER: 00969923 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

HUMMICKS RESIDENTS LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

4

Profit and Loss Account

6

Balance Sheet

7

Notes to the Financial Statements

8

DIRECTORS:

B L Fearn

Mrs S R Fish

Mrs D Johnson

J Rowland

A M Smith

H McGinn

SECRETARY:

Mrs G Hawkins

REGISTERED OFFICE:

11 The Hummicks

Dock Lane

Beaulieu

Southampton

Hampshire

SO42 7YU

REGISTERED NUMBER:

00969923 (England and Wales)

SENIOR STATUTORY AUDITOR:

Richard A Vowles

AUDITORS:

R A Vowles & Co

148 Commercial Road

Totton

Southampton

Hampshire

S040 3AA

The directors present their report with the financial statements of the company for the year ended 31 December 2014.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the maintenance of land in or adjoining The

Hummicks, Dock Lane, Beaulieu.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2014 to the date of this

report.

B L Fearn

Mrs S R Fish

Mrs D Johnson

J Rowland

A M Smith

Other changes in directors holding office are as follows:

C D Lillywhite - resigned 30 June 2014

H McGinn - appointed 30 June 2014

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with

applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors

have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not

approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the

company and of the profit or loss of the company for that period. In preparing these financial statements, the directors

are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company and

enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for

safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud

and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act

2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have

taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the

company's auditors are aware of that information.

AUDITORS

The auditors, R A Vowles & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

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 Rowland - Director

11 May 2015

We have audited the financial statements of Hummicks Residents Limited for the year ended 31 December 2014 on

pages six to nine. The financial reporting framework that has been applied in their preparation is applicable law and the

Financial Reporting Standard for Smaller Entities (effective April 2008) (United Kingdom Generally Accepted

Accounting Practice applicable to Smaller Entities).

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the

Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those

matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's

members as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of directors and auditors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give

reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error.

This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and

have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by

the directors; and the overall presentation of the financial statements. In addition, we read all the financial and

non-financial information in the Report of the Directors to identify material inconsistencies with the audited financial

statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent

with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material

misstatements or inconsistencies we consider the implications for our report.

Opinion on financial statements

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2014 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion the information given in the Report of the Directors for the financial year for which the financial

statements are prepared is consistent with the financial statements.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you

if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

R A Vowles & Co

148 Commercial Road

Totton

Southampton

Hampshire

S040 3AA

11 May 2015

TURNOVER

7,177

4,273

Administrative expenses

13,163

7,570

OPERATING LOSS

2

(5,986

)

(3,297

)

Interest receivable and similar income

11

12

LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION

(5,975

)

(3,285

)

Tax on loss on ordinary activities

3

-

LOSS FOR THE FINANCIAL YEAR

(5,975

)

(3,285

)

CURRENT ASSETS

Debtors

4

1,878

873

Cash at bank

22,086

29,066

23,964

29,939

CREDITORS

Amounts falling due within one year

5

342

NET CURRENT ASSETS

23,622

29,597

TOTAL ASSETS LESS CURRENT
LIABILITIES

23,622

29,597

CAPITAL AND RESERVES

Called up share capital

6

450

Profit and loss account

7

23,172

29,147

SHAREHOLDERS' FUNDS

23,622

29,597

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 11 May 2015 and were signed on its behalf by:

Mrs S R Fish - 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).

Turnover

Turnover represents maintenance charges payable by residents and others on behalf of whom the company

maintains the land in or adjoining The Hummicks, Dock lane, Beaulieu.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	OPERATING LOSS

The operating loss 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 31 December 2014 nor for the

year ended 31 December 2013.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade debtors

1,878

873

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Other creditors

342

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

18

Ordinary

£25

450

7.

RESERVES

Profit

and loss

account

£

At 1 January 2014

29,147

Deficit for the year

(5,975

)

At 31 December 2014

23,172

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties of the company are the tenants who own one ordinary share each.