BECKTON_PARKSIDE_RESIDENT - Accounts

BECKTON PARKSIDE RESIDENTS ASSOCIATION (FREEHOLD) LIMITED - Company Information

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Company Registration No. 02661919 (England and Wales)

BECKTON PARKSIDE RESIDENTS ASSOCIATION (FREEHOLD) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

BECKTON PARKSIDE RESIDENTS ASSOCIATION (FREEHOLD) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

BECKTON PARKSIDE RESIDENTS ASSOCIATION (FREEHOLD) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

24,820

Current assets

Debtors

2,740

Cash at bank and in hand

24,530

23,366

24,530

26,106

Creditors: amounts falling due within one year

(375)

(360)

Net current assets

24,155

25,746

Total assets less current liabilities

48,975

50,566

Capital and reserves

Called up share capital

270

Share premium account

37,890

Profit and loss account

10,815

12,406

Shareholders' funds

48,975

50,566

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 September 2014

L Juniper - Solley

Director

Company Registration No. 02661919

BECKTON PARKSIDE RESIDENTS ASSOCIATION (FREEHOLD) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents ground rents receivable during the year.

1.4

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost

At 1 January 2013 & at 31 December 2013

24,820

At 31 December 2012

24,820

Share capital

2013

2012

Allotted, called up and fully paid

270 Ordinary shares of £1 each

270