Balmain Lodge Limited - Period Ending 2015-03-31

Registration number: 02177755

Balmain Lodge Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2015
 

PKP & Company Limited
Chartered Certified Accountants
1 Forum House
Empire Way
Wembley
HA9 0AB

Balmain Lodge Limited
Contents

Company Information 1

Directors' Report 2

Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 6 to 7

Balmain Lodge Limited
Company Information

Directors

Dr E H Holloway Ms C Henderson Mr R J Phillips

Company secretary

Mr J Brunton

Registered office

3 Balmain Lodge 6 Cranes Park Avenue Surbiton Surrey KT5 8BY

Accountants

PKP & Company Limited Chartered Certified Accountants 1 Forum House Empire Way Wembley HA9 0AB

Page 1

Balmain Lodge Limited
Directors' Report for the Year Ended 31 March 2015

The directors present their report and the unaudited financial statements for the year ended 31 March 2015.

Directors of the company

The directors who held office during the year were as follows:

Dr E H Holloway

Ms C Henderson

Mr R J Phillips (appointed 1 October 2014)

Principal activity

The principal activity of the company is that of general property management.

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 23 December 2015 and signed on its behalf by:

.........................................
Mr R J Phillips
Director

Page 2

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Balmain Lodge 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 accounts of Balmain Lodge Limited for the year ended 31 March 2015 set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Balmain Lodge Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Balmain Lodge Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Balmain Lodge Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Balmain Lodge Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Balmain Lodge Limited. You consider that Balmain Lodge Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Balmain Lodge Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

PKP & Company Limited
Chartered Certified Accountants
1 Forum House
Empire Way
Wembley
HA9 0AB

23 December 2015

Page 3

Balmain Lodge Limited
Profit and Loss Account for the Year Ended 31 March 2015

		Note			2015 £			2014 £
Turnover					8,500			6,000
Administrative expenses					(4,280)			(6,545)
Operating profit/(loss)					4,220			(545)
Profit/(loss) on ordinary activities before taxation					4,220			(545)
Profit/(loss) for the financial year		6			4,220			(545)

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 4

Balmain Lodge Limited
(Registration number: 02177755)
Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			4,600			4,600
Current assets
Debtors		3			-			16
Cash at bank and in hand					6,941			2,705
					6,941			2,721
Creditors: Amounts falling due within one year		4			(462)			(462)
Net current assets					6,479			2,259
Net assets					11,079			6,859
Capital and reserves
Called up share capital		5			96			96
Share premium account		6			4,504			4,504
Profit and loss account		6			6,479			2,259
Shareholders' funds					11,079			6,859

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

For the year ended 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised for issue by the Board on 23 December 2015 and signed on its behalf by:

.........................................
Mr R J Phillips
Director

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 5

Balmain Lodge Limited
Notes to the Financial Statements for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

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).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents the value of services provided.

Depreciation

The freehold is not depreciated. There are no other fixed assets.

2	Tangible fixed assets

		Freehold land and buildings £			Total £
Cost or valuation
At 1 April 2014		4,600			4,600
Net book value
At 31 March 2015		4,600			4,600
At 31 March 2014		4,600			4,600

3

Debtors

		2015 £			2014 £
Other debtors		-			16

4	Creditors: Amounts falling due within one year

		2015 £			2014 £
Accruals and deferred income		462			462

Page 6

Balmain Lodge Limited
Notes to the Financial Statements for the Year Ended 31 March 2015
......... continued

5	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		96			96			96			96

6

Reserves

		Share premium account £			Profit and loss account £			Total £
At 1 April 2014		4,504			2,259			6,763
Profit for the year		-			4,220			4,220
At 31 March 2015		4,504			6,479			10,983

Page 7