Norton Court Residents Association Limit - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01314501 (England and Wales)

Norton Court Residents Association

Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

K J Whitehouse

Mrs I Bird

Mrs M Byrne

Mrs J Harler

SECRETARY:

K J Whitehouse

REGISTERED OFFICE:

441 Birmingham Road

Marlbrook

Bromsgrove

Worcestershire

B61 0HZ

REGISTERED NUMBER:

01314501 (England and Wales)

ACCOUNTANTS:

Pinfields Limited

Chartered Accountants

Meryll House

57 Worcester Road

Bromsgrove

Worcestershire

B61 7DN

FIXED ASSETS

Tangible assets

2

600

600

CURRENT ASSETS

Cash at bank

739

768

CREDITORS

Amounts falling due within one year

504

457

NET CURRENT ASSETS

235

311

TOTAL ASSETS LESS CURRENT LIABILITIES

835

911

CAPITAL AND RESERVES

Called up share capital

3

60

60

Other reserves

1,605

1,605

Profit and loss account

(830

)

(754

)

SHAREHOLDERS' FUNDS

835

911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 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 11 November 2015 and were signed on its behalf by:

K J Whitehouse - Director

Mrs I Bird - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors have decided that they will continue to prepare the financial statements for the company on the same

basis as they have always done despite the issuing of technical factsheet 172 by the Association of Chartered

Certified Accountants in October 2011 in relation to Residential Service Charge Accounts and FRED 50 - Draft

FRC Abstract 1 - Residential Management companies financial statements, which was issued in August 2013. this

decision has been made in light of the fact that these publications are only guidance and not yet mandatory, and the

directors consider the costs associated with implementing the adoption of this guidance to disproportionate in light

of the company's resources.

The directors will keep this matter under review for future years.

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 the amounts contributed by each resident/flat owner towards the costs of the company in

respect of the insurance and maintenance of the communal parts of the property.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land

-

not provided

The tangible asset owned by the company is the freehold interest in the land and buildings at Norton court,

Birmingham Road, Marlbrook, Bromsgrove.

The directors assess annually the need to provide for any impairment in the recoverable amount below cost of the

company's freehold interest.

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 1 June 2014

and 31 May 2015

600

NET BOOK VALUE

At 31 May 2015

600

At 31 May 2014

600

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

6

Ordinary

£10

60

60