50 Burr Road Residents Company Limited - Limited company accounts 20.1

50 Burr Road Residents Company Limited - Limited company accounts 20.1

50 BURR ROAD RESIDENTS COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 04966540 (England and Wales)













REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

FOR

50 BURR ROAD RESIDENTS COMPANY LIMITED
50 BURR ROAD RESIDENTS COMPANY LIMITED (REGISTERED NUMBER: 04966540)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2020




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


50 BURR ROAD RESIDENTS COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2020







DIRECTORS: Ms X Wang
M Thomas





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





REGISTERED NUMBER: 04966540 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ
Page 1
50 BURR ROAD RESIDENTS COMPANY LIMITED (REGISTERED NUMBER: 04966540)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST DECEMBER 2020

The directors present their report with the financial statements of the company for the year ended 31st December 2020.

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 50 Burr Road, London SW18 4SQ.

In accordance with guidance contained in ICAEW publication Tech 3/11 and FRC UITF publication 92 (withdrawn) the company have recorded transactions where it may be deemed to have been acting as a principal or undisclosed agent to purchase goods and services on behalf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 January 2020 to the date of this report.

Ms X Wang
M Thomas

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:





M Thomas - Director


10th June 2021

Page 2
50 BURR ROAD RESIDENTS COMPANY LIMITED (REGISTERED NUMBER: 04966540)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST DECEMBER 2020

2020 2019
£    £   

TURNOVER - -

Administrative expenses 41,574 33,150
(41,574 ) (33,150 )

Other operating income 41,574 33,150
OPERATING PROFIT and
PROFIT BEFORE TAXATION - -

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR - -

The notes form part of these financial statements

Page 3
50 BURR ROAD RESIDENTS COMPANY LIMITED (REGISTERED NUMBER: 04966540)

BALANCE SHEET
31ST DECEMBER 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Debtors 5 2,158 3,481

CREDITORS
Amounts falling due within one year 6 2,038 3,361
NET CURRENT ASSETS 120 120
TOTAL ASSETS LESS CURRENT
LIABILITIES
120
120

CAPITAL AND RESERVES
Called up share capital 120 120
SHAREHOLDERS' FUNDS 120 120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 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 applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 10th June 2021 and were signed on its behalf by:





M Thomas - Director


The notes form part of these financial statements

Page 4
50 BURR ROAD RESIDENTS COMPANY LIMITED (REGISTERED NUMBER: 04966540)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2020

1. STATUTORY INFORMATION

50 Burr Road Residents Company 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. SERVICE CHARGE BALANCES

Service charge funds are held in trust at National Westminster bank.

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

Bank £21,293 (2019 £30,531)
Unpaid service charge due NIL (2019 £264)

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 2,158 3,481

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 331 1,360
Other creditors 1,707 2,001
2,038 3,361

7. ULTIMATE CONTROLLING PARTY

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

Page 5