Balmoral Court Residents Company (Southsea) Limited - Period Ending 2015-06-30

Registration number: 02204997

Balmoral Court Residents Company (Southsea) Limited

Annual Report and Unaudited Accounts

for the Year Ended 30 June 2015
 

A J Wheeler Limited
Chartered Certified Accountants
Unit 5 Links House
Dundas Lane
Portsmouth
Hampshire
PO3 5BL

Balmoral Court Residents Company (Southsea) Limited
(Registration number: 02204997)
Balance Sheet at 30 June 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			31,963			31,963
Current assets
Debtors		3			4,184			4,184
Creditors: Amounts falling due within one year		4			(22,816)			(22,816)
Net current liabilities					(18,632)			(18,632)
Net assets					13,331			13,331
Capital and reserves
Called up share capital		5			32			32
Profit and loss account					13,299			13,299
Shareholders' funds					13,331			13,331

For the year ending 30 June 2015 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

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).

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 9 December 2015 and signed on its behalf by:

.........................................
Ms Diana Margaret Elaine Wren
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Balmoral Court Residents Company (Southsea) Limited
Notes to the financial statements for the Year Ended 30 June 2015
......... continued

1	Accounting policies

Trading status

The company was dormant and has not traded during the year.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life

Asset class	Depreciation method and rate
Freehold Land & Buildings	N/A

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Tangible fixed assets

		Freehold land and buildings £			Total £
Cost or valuation
At 1 July 2014		31,963			31,963
Net book value
At 30 June 2015		31,963			31,963
At 30 June 2014		31,963			31,963

3

Debtors

		2015 £			2014 £
Other debtors		4,184			4,184

4	Creditors: Amounts falling due within one year

		2015 £			2014 £
Other creditors		22,816			22,816

Page 2

Balmoral Court Residents Company (Southsea) Limited
Notes to the financial statements for the Year Ended 30 June 2015
......... continued

5	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Share Capital of £1 each		32			32			32			32

Page 3