42 Christchurch Avenue Manag Co. Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03891994 (England and Wales)

42 CHRISTCHURCH AVENUE

MANAGEMENT COMPANY LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J.L. Crowe

C. Newman

REGISTERED OFFICE:

135/137, Station Road,

Chingford,

London

E4 6AG

REGISTERED NUMBER:

03891994 (England and Wales)

ACCOUNTANTS:

Findlay, Wetherfield, Scott & Co.,

Chartered Accountants

135/137, Station Road,

Chingford,

London

E4 6AG

BANKERS:

Santander

BBAM

Bridle Road,

Bootle

Merseyside

L30 4GB

SOLICITORS:

Coldham Shield & Mace Solicitors LLP,

123 - 125, Station Road,

Chingford,

London,

E4 6AG

FIXED ASSETS

Tangible assets

2

4,729

4,729

CURRENT ASSETS

Debtors

1,689

-

Cash at bank

1,565

-

3,254

-

CREDITORS

Amounts falling due within one year

6,983

3,729

NET CURRENT LIABILITIES

(3,729

)

(3,729

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,000

1,000

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

SHAREHOLDERS' FUNDS

1,000

1,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29th September 2015 and were signed on its behalf by:

J.L. Crowe - Director

C. Newman - 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).

Tangible fixed assets

Freehold land and buildings are not depreciated. The property is maintained to ensure that its value does not

diminish over time. Maintenance costs are paid for by the tenants as incurred. In the directors' opinion,

depreciation is immaterial and has not been charged.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

and 31st December 2014

4,729

NET BOOK VALUE

At 31st December 2014

4,729

At 31st December 2013

4,729

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As each director is also a lessee of the property, service charges were levied on normal commercial terms. The

amounts due by each director and the balances due by the lessee as at the year end date are as shown below.

2014

2013

£

£

J.L. Crowe

Service charges, etc.

1,600

-

Balance due by the lessee at the year end date

4

-

C. Newman

Service charges, etc.

1,600

-

Balance due by the lessee at the year end date

13

-

None of these transactions are with the company directly but they are with the company acting as agent on behalf

of the lessees.

5.	INCORPORATION OF, AND EXPENSES RELATING TO, THE COMPANY

The company was incorporated on 10th December 1999 in order to acquire the freehold of the property at 42,

Christchurch Avenue, London, NW6 7BE. The initial tenants at the date of purchase of the freehold all

contributed towards the total cost of acquisition, including all fees etc., and in return acquired shares in the

company in proportion to the size of their flat. Any funds received from the initial tenants in excess of the

nominal value of the shares allocated to them has been included as a loan to the company and is shown within the

creditors figure on the balance sheet. These loans will only be repaid if the freehold of the property is sold.

Until July 2014, any expenses relating to the property and the running of the company were met by the tenants

directly in an agreed ratio. After that date the company commenced collecting services charges from the lessees

and paying the expenses directly.