TRIANGLE_AMENITY_LIMITED - Accounts


Company Registration No. 01560778 (England and Wales)
TRIANGLE AMENITY LIMITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 DECEMBER 2014
TRIANGLE AMENITY LIMITED
COMPANY INFORMATION
Directors
S. C. Garwood
B. L. Rodgers
E. L. Stanger
A. K. Von Baeyer
(Appointed 28 January 2014)
L. Rivlin
(Appointed 28 January 2014)
D. Somen
(Appointed 4 December 2014)
Secretary
Westbourne Block Management Limited
Company number
01560778
Registered office
Westbourne Block Management
19 Eastbourne Terrace
London
W2 6LG
Auditors
Myers Clark
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
TRIANGLE AMENITY LIMITED
CONTENTS
Page
Directors' report
1
Independent auditors' report
2 - 3
Profit and loss account
4
Balance sheet
5
Notes to the financial statements
6 - 8
TRIANGLE AMENITY LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 24 DECEMBER 2014
- 1 -
The directors present their report and financial statements for the year ended 24 December 2014.
Directors
The following directors have held office since 25 December 2013:
S. C. Garwood
B. L. Rodgers
E. L. Stanger
H. P. Stott
(Resigned 10 May 2015)
A. K. Von Baeyer
(Appointed 28 January 2014)
L. Rivlin
(Appointed 28 January 2014)
D. Somen
(Appointed 4 December 2014)
Auditors
In accordance with the company's articles, a resolution proposing that Myers Clark be reappointed as auditors of the company will be put at a General Meeting.
Statement of directors' responsibilities
The directors are responsible for preparing the Directors' Report 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 of disclosure to auditors
So far as the directors are aware, there is no relevant audit information of which the company's auditors are unaware. Additionally, the directors have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company's auditors are aware of that information.
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
E. L. Stanger
Director
14 August 2015
TRIANGLE AMENITY LIMITED
INDEPENDENT AUDITORS' REPORT
TO THE MEMBERS OF TRIANGLE AMENITY LIMITED
- 2 -

We have audited the financial statements of Triangle Amenity Limited for the year ended 24 December 2014 set out on pages 4 to 8. 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 an auditors' report 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 Directors' Responsibilities Statement set out on page 1, 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 Annual Report 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 24 December 2014 and of its profit 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. In our opinion the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.

-

give a true and fair view of the state of the company's affairs as at 24 December 2014 and of its profit 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.

TRIANGLE AMENITY LIMITED
INDEPENDENT AUDITORS' REPORT (CONTINUED)
TO THE MEMBERS OF TRIANGLE AMENITY LIMITED
- 3 -
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 in preparing the directors' report and from preparing a strategic report.

Jonathan Crook (Senior Statutory Auditor)
for and on behalf of Myers Clark
17 August 2015
Chartered Accountants
Statutory Auditor
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
TRIANGLE AMENITY LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 24 DECEMBER 2014
- 4 -
2014
2013
Notes
£
£
Turnover
82,399
76,123
Administrative expenses
(74,860)
(65,612)
Other operating income
-
20,000
Operating profit
7,539
30,511
Other interest receivable and similar income
2
500
1,011
Profit on ordinary activities before taxation
8,039
31,522
Tax on profit on ordinary activities
3
(100)
(4,202)
Profit for the year
9
7,939
27,320
TRIANGLE AMENITY LIMITED
BALANCE SHEET
AS AT
24 DECEMBER 2014
24 December 2014
- 5 -
2014
2013
Notes
£
£
£
£
Current assets
Debtors
5
3,817
2,996
Cash at bank and in hand
193,917
195,882
197,734
198,878
Creditors: amounts falling due within one year
7
(9,445)
(18,528)
Total assets less current liabilities
188,289
180,350
Capital and reserves
Called up share capital
8
48
48
Other reserves
9
149,770
98,931
General reserve
9
38,471
81,371
Shareholders' funds
188,289
180,350
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).
Approved by the Board for issue on 14 August 2015
S. C. Garwood
E. L. Stanger
Director
Director
Company Registration No. 01560778
TRIANGLE AMENITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 DECEMBER 2014
- 6 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover

Turnover represents amounts receivable during the period in respect of amenity company services.

1.4
Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life.

 

2
Investment income
2014
2013
£
£
Bank interest
500
1,011
500
1,011
3
Taxation
2014
2013
£
£
Domestic current year tax
U.K. corporation tax
100
4,202
Total current tax
100
4,202
TRIANGLE AMENITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 DECEMBER 2014
- 7 -
4
Tangible fixed assets
Long leasehold
Land
Total
£
£
£
Cost
At 25 December 2013 & at 24 December 2014
3,000
288
3,288
Depreciation
At 25 December 2013 & at 24 December 2014
3,000
288
3,288
Net book value
At 24 December 2014
-
-
-
At 24 December 2013
-
-
-
5
Debtors
2014
2013
£
£
Other debtors
3,817
2,996
6
Cash at bank
The cash at bank includes an amount of £49,469 held in the name of Westbourne Estates.  It is, however, a specifically designated client account for Triangle Amenity Limited.
7
Creditors: amounts falling due within one year
2014
2013
£
£
Contractor deposits
4,600
3,700
Garden key deposits
1,650
7,245
Taxation and social security
100
4,197
Other creditors
3,095
3,386
9,445
18,528
8
Share capital
2014
2013
£
£
Allotted, called up and fully paid
48 Ordinary shares of £1 each
48
48
TRIANGLE AMENITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 DECEMBER 2014
- 8 -
9
Statement of movements on reserves
Other reserves
(see below)
General reserve
£
£
Balance at 25 December 2013
98,931
81,371
Profit for the year
-
7,939
Allocation of profit to other reserves
20,839
(20,839)
One-off distribution of general reserve
30,000
(30,000)
Balance at 24 December 2014
149,770
38,471
Other reserves
Road fund reserve
Balance at 25 December 2013
72,080
Road fund reserve movement
11,868
One-off distribution of general reserve
15,000
Balance at 24 December 2014
98,948
Garden reserve fund
Balance at 25 December 2013
26,851
Garden fund reserve movement
8,971
One-off distribution of general reserve
15,000
Balance at 24 December 2014
50,822
10
Control

There is no ultimate controlling party.

11
Related party relationships and transactions

During the year the directors of the company were charged for services in relation to the maintenance of the common parts and garden areas within the Triangle Amenity area. These services were inline with the lease and on the same terms as all other tenants and inline with the company's standard activities.

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