Witham Lodge Management Company Limited - Limited company accounts 11.4

REGISTERED NUMBER: 04423856 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2013

FOR

WITHAM LODGE MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Dr S K Thomason

SECRETARY:

P W Bigge

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

04423856 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

The director presents her report with the financial statements of the company for the year ended 31st December 2013.

DIRECTOR

D J Barker held office from 1st January 2013 until after 31st December 2013 but prior to the date of this report.

Dr S K Thomason was appointed as a director after 31st December 2013 but prior to the date of this report.

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:

Dr S K Thomason - Director

22nd September 2014

INCOME

13,081

13,095

Service Charge Expenditure

14,864

6,486

OPERATING (LOSS)/PROFIT

2

(1,783

)

6,609

Interest receivable and similar income

4

5

(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION

(1,779

)

6,614

Tax on (loss)/profit on ordinary activities

3

1

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(1,780

)

6,613

CURRENT ASSETS

Debtors

4

11,478

10,279

CREDITORS

Amounts falling due within one year

5

11,467

10,268

NET CURRENT ASSETS

11

TOTAL ASSETS LESS CURRENT
LIABILITIES

11

CAPITAL AND RESERVES

Called up share capital

6

11

SHAREHOLDERS' FUNDS

11

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 22nd September 2014 and were signed by:

Dr S K Thomason - 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).

Income

During the year the company received monies from lessees, as agents, in respect of service charges and

associated income, which are held on trust and do not constitute turnover.

Presentation of the profit & loss account

The presentation of the Profit and Loss Account on page 3 has been modified from the prescribed format for

Company accounts in order to provide more information to lessees and other parties who may be interested in the

expenditure incurred in the management of the property.

2.	OPERATING (LOSS)/PROFIT

The operating loss (2012 - operating profit) is stated after charging:

31/12/13

31/12/12

£

Director's remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

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

31/12/13

31/12/12

£

Current tax:

UK corporation tax

1

Tax on (loss)/profit on ordinary activities

1

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/13

31/12/12

£

Trade debtors

359

368

Other debtors

11,119

9,911

11,478

10,279

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/13

31/12/12

£

Trade creditors

1,024

1,122

Other creditors

10,443

9,146

11,467

10,268

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/13

31/12/12

value:

£

11

Ordinary

£1

11

7.

RESERVES

Profit

and loss

account

£

Deficit for the year

(1,780

)

Transfer to Service Charge Account

1,780

At 31st December 2013

-

8.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st December 2013 (31st December 2012 - none).

9.	CAPITAL COMMITMENTS

31/12/13

31/12/12

£

Contracted but not provided for in the

financial statements

-

10.	RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such received income in the form of service charge from

residents, some of who are directors of the company. Service charges payable by the directors are on the same

basis as for all the other residents. No other transactions with related parties were undertaken such as required to

be disclosed under the Financial Reporting Standard for Smaller Entities.

11.	LIMIT OF MEMBERS LIABILITY

The company is limited by guarantee, the member's liability being limited to £1.