| Community Life Properties Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Community Life Properties Limited for the year ended 31 March 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Community Life Properties Limited for the year ended 31 March 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| Manaktala & Co |
| Chartered Accountants |
| 17 Leeland Mansions |
| Leeland Road |
| West Ealing |
| London |
| W13 9HE |
|
| 5 November 2015 |
|
| Community Life Properties Limited |
| Registered number: |
08709994 |
| Abbreviated Balance Sheet |
| as at 31 March 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
595,234 |
|
|
541,133 |
|
| Current assets |
| Debtors |
|
|
672 |
|
|
103,934 |
| Cash at bank and in hand |
|
|
6,411 |
|
|
7,472 |
|
|
|
7,083 |
|
|
111,406 |
|
|
| Net current assets |
|
|
|
7,083 |
|
|
111,406 |
|
| Net assets |
|
|
|
602,317 |
|
|
652,539 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Share premium |
|
|
|
601,500 |
|
|
656,500 |
| Profit and loss account |
|
|
|
717 |
|
|
(4,061) |
|
| Shareholder's funds |
|
|
|
602,317 |
|
|
652,539 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr P K Manaktala Mr A N Ryland |
| Director |
| Approved by the board on 5 November 2015 |
|
| Community Life Properties Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax, in respect of rent received by the company. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Building costs |
2% straight line basis |
|
Improvements |
2% straight line basis |
|
Fixtures and fittings |
20% reducing balance basis |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
550,194 |
|
Additions |
78,613 |
|
At 31 March 2015 |
628,807 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
9,061 |
|
Charge for the year |
24,512 |
|
At 31 March 2015 |
33,573 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
595,234 |
|
At 31 March 2014 |
541,133 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
