51/60 Prince of Wales Mansions - Limited company accounts 11.9

REGISTERED NUMBER: 02147561 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 31 March 2015

for

51-60 PRINCE OF WALES MANSIONS

MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

S Fisher

C M Horner

D M Temple

P Cooper

REGISTERED OFFICE:

174 Battersea Park Road

London

SW11 4ND

REGISTERED NUMBER:

02147561 (England and Wales)

ACCOUNTANTS:

N Lewis & Co

Chartered Certified Accountants

4 Dovedale Studios

465 Battersea Park Road

London

SW11 4LR

The directors present their report with the financial statements of the company for the year ended 31 March 2015.

DIRECTORS

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

this report.

S Fisher

C M Horner

D M Temple

Other changes in directors holding office are as follows:

P Cooper - appointed 27 August 2014

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:

D M Temple - Director

6 November 2015

TURNOVER

150

150

Administrative expenses

(150

)

(150

)

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

2

-

-

Tax on profit on ordinary activities

3

(514

)

-

LOSS FOR THE FINANCIAL YEAR

(514

)

-

FIXED ASSETS

Tangible assets

4

7

7

CURRENT ASSETS

Debtors

5

1,340

1,760

CREDITORS

Amounts falling due within one year

6

(4,766

)

(4,672

)

NET CURRENT LIABILITIES

(3,426

)

(2,912

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,419

)

(2,905

)

CAPITAL AND RESERVES

Called up share capital

7

7

7

Profit and loss account

8

(3,426

)

(2,912

)

SHAREHOLDERS' FUNDS

(3,419

)

(2,905

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 6 November 2015 and were signed on its behalf by:

D M Temple - 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 ground rent receivable.

Tangible fixed assets

Depreciation is not provided, as the value of the asset held has been written down by contributions

from lessees. In the directors' opinion, depreciation would be immataterial and has not been charged.

2.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.15

31.3.14

£

£

Directors' remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

31.3.15

31.3.14

£

£

Current tax:

UK corporation tax

514

-

Tax on profit on ordinary activities

514

-

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2014

and 31 March 2015

7

NET BOOK VALUE

At 31 March 2015

7

At 31 March 2014

7

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.15

31.3.14

£

£

Amount due from the service

charge fund

1,340

1,760

1,340

1,760

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.15

31.3.14

£

£

Taxation

3,034

2,520

Accrued expenses

1,732

2,152

4,766

4,672

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

7

Ordinary

£1

7

7

8.

RESERVES

Profit

and loss

account

£

At 1 April 2014

(2,912

)

Deficit for the year

(514

)

At 31 March 2015

(3,426

)