Launceston Terrace Residents Association Limited - Period Ending 2015-09-30

LAUNCESTON TERRACE RESIDENTS ASSOCIATION LIMITED - Company Information

Registration number: 01290421

Launceston Terrace Residents Association Limited

(A company limited by guarantee)

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015

Colin Richardson Accountants Limited
Waterloo House
17 Waterloo Road
Norwich
Norfolk
NR3 1EH

Launceston Terrace Residents Association Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Launceston Terrace Residents Association Limited
for the Year Ended 30 September 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Launceston Terrace Residents Association Limited for the year ended 30 September 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Launceston Terrace Residents Association 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 Launceston Terrace Residents Association Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Launceston Terrace Residents Association Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Launceston Terrace Residents Association 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 Launceston Terrace Residents Association Limited. You consider that Launceston Terrace Residents Association 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 Launceston Terrace Residents Association 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.

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

Colin Richardson Accountants Limited
Waterloo House
17 Waterloo Road
Norwich
Norfolk
NR3 1EH

23 February 2016

Page 1

Launceston Terrace Residents Association Limited
(Registration number: 01290421)
Abbreviated Balance Sheet at 30 September 2015

	Note	2015 £	2014 £
Current assets
Debtors		86	245
Cash at bank and in hand		2,387	897
		2,473	1,142
Creditors: Amounts falling due within one year		(690)	(210)
Net assets		1,783	932
Capital and reserves
Profit and loss account		1,783	932
Shareholders' funds		1,783	932

For the year ending 30 September 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 23 February 2016 and signed on its behalf by:

.........................................
James L. Tillett
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Launceston Terrace Residents Association Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts receivable from residents towards maintenance and management costs.

2	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

Page 3