Kings Reach Flats Management Limited - Limited company accounts 11.9

REGISTERED NUMBER: 01354520 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 MARCH 2015

FOR

KINGS REACH FLATS MANAGEMENT LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

4

Profit and Loss Account

6

Balance Sheet

7

Notes to the Financial Statements

8

DIRECTORS:

E Bryan

C L Grover

Ms S Harding

M L Hollingsworth

Mrs M Johnstone-Hartley

Mrs D Sheppard

M R Watts

Mrs M Weedon-Wright

REGISTERED OFFICE:

Winnington House

2 Woodberry Grove

London

N12 0DR

REGISTERED NUMBER:

01354520 (England and Wales)

SENIOR STATUTORY AUDITOR:

Peter Nellemose

AUDITORS:

Home branch

16 South End

Croydon

Surrey

CR0 1DN

The directors present their report with the financial statements of the company for the year ended 24 March 2015.

PRINCIPAL ACTIVITY

The company's principal activities during the year continued, through agents, to be the management, maintenance

and administration of River Court, Rennie Court and the associated estate. The freeholder controls the estate

expenditure.

All expenditure relating to the maintenance of the common parts, in accordance with the terms of their lease is paid

for through service charges levied on the lessees. Unspent service charges belong to the lessees and are held on trust

for them in accordance with the provisions of the Landlord and Tenant Act 1987.

DIRECTORS

The directors during the year under review were:

E Bryan

C L Grover

Ms S Harding

M L Hollingsworth

Mrs M Johnstone-Hartley

Ms J M Watts

- resigned 9.12.2014

Mrs D Sheppard

M R Watts

- appointed 9.12.2014

Mrs M Weedon-Wright

The beneficial interests of the directors holding office on 24 March 2015 in the issued share capital of the company

were as follows:

25.3.14

or date of

appointment

24.3.15

if later

A Ordinary £1 shares

E Bryan

1

C L Grover

1

Ms S Harding

1

M L Hollingsworth

-

Mrs M Johnstone-Hartley

-

Mrs D Sheppard

1

M R Watts

-

Mrs M Weedon-Wright

-

B Ordinary £1 shares

E Bryan

-

C L Grover

-

Ms S Harding

-

M L Hollingsworth

1

Mrs M Johnstone-Hartley

1

Mrs D Sheppard

-

M R Watts

1

Mrs M Weedon-Wright

1

"A" shares are held by the owners of River Court and "B" shares by owners of Rennie Court.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors 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 AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies

Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought

to have taken as a director in order to make himself or herself aware of any relevant audit information and to

establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Home branch, will be proposed for re-appointment at the forthcoming Annual General Meeting.

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:

E Bryan - Director

16 October 2015

We have audited the financial statements of Kings Reach Flats Management Limited for the year ended 24 March 2015

on pages six to eight. 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 a Report of the Auditors 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 Statement of Directors' Responsibilities set out on page three, 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 Report of the Directors 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 March 2015 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 Report of the Directors for the financial year for which the financial

statements are prepared is consistent with the financial statements.

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 from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Peter Nellemose (Senior Statutory Auditor)

for and on behalf of Home branch

16 South End

Croydon

Surrey

CR0 1DN

16 October 2015

TURNOVER

-

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE
TAXATION

2

-

Tax on profit on ordinary activities

3

-

PROFIT FOR THE FINANCIAL YEAR

-

CURRENT ASSETS

Debtors

4

186

TOTAL ASSETS LESS CURRENT LIABILITIES

186

CAPITAL AND RESERVES

Called up share capital

5

186

SHAREHOLDERS' FUNDS

186

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 16 October 2015 and were signed on its behalf
by:

E Bryan - 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).

The company was dormant throughout the current year and previous year.

2.	OPERATING PROFIT

The operating profit is stated after charging:

2015

2014

£

Directors' remuneration and other benefits etc

-

3.

TAXATION

The company is not liable to tax.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

Due from service charge account.

186

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

87

A Ordinary

£1

87

99

B Ordinary

£1

99

186

6.

RESERVES

Profit

and loss

account

£

Profit for the year

-

At 24 March 2015

-