| Swan Place Management Limited |
| (Limited by Guarantee) |
| Registered number: |
06481804 |
| Directors' Report |
|
| The directors present their report and accounts for the year ended 31 December 2013. |
|
| Principal activities |
| The principal activity of the company was that of the management of common areas. |
|
| Directors |
| The following persons served as directors during the year: |
|
|
T Draper (resigned 27 November 2013) |
|
M Smith (resigned 1 April 2014) |
|
B J North (appointed 27 November 2013) |
|
C P Slater (appointed 27 November 2013) |
|
| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| This report was approved by the board on 29 September 2014 and signed on its behalf. |
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|
|
| B North |
| Director |
|
| Swan Place Management Limited |
| (Limited by Guarantee) |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Swan Place Management Limited for the year ended 31 December 2013 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Swan Place Management Limited for the year ended 31 December 2013 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Swan Place Management Limited, as a body, in accordance with the terms of our engagement letter dated 2 September 2011. Our work has been undertaken solely to prepare for your approval the accounts of Swan Place Management Limited and state those matters that we have agreed to state to the Board of Directors of Swan Place Management Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swan Place Management Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Swan Place Management 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 Swan Place Management Limited. You consider that Swan Place Management 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 Swan Place Management 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. |
|
| Temple West Limited |
| Chartered Accountants |
| PO Box 454 |
| West Byfleet |
| Surrey |
| KT14 9BD |
|
| 29 September 2014 |
|
| Swan Place Management Limited |
| (Limited by Guarantee) |
| Balance Sheet |
| as at 31 December 2013 |
|
| Notes |
|
|
2013 |
|
|
2012 |
| £ |
£ |
| Current assets |
| Debtors |
2 |
|
1,202 |
|
|
1,183 |
| Cash at bank and in hand |
|
|
5,085 |
|
|
4,168 |
|
|
|
6,287 |
|
|
5,351 |
|
| Creditors: amounts falling due within one year |
3 |
|
(4,200) |
|
|
(3,900) |
|
| Net current assets |
|
|
|
2,087 |
|
|
1,451 |
|
| Net assets |
|
|
|
2,087 |
|
|
1,451 |
|
|
|
|
|
|
|
|
| Reserves |
| Reserves |
4 |
|
|
2,087 |
|
|
1,451 |
|
| Shareholders' funds |
|
|
|
2,087 |
|
|
1,451 |
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|
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| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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|
|
|
| B North |
| Director |
| Approved by the board on 29 September 2014 |
|
| Swan Place Management Limited |
| (Limited by Guarantee) |
| Notes to the Accounts |
| for the year ended 31 December 2013 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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|
Turnover |
|
Turnover is the amount derived from subscriptions from residents relating to the year. |
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|
| 2 |
Debtors |
2013 |
|
2012 |
| £ |
£ |
|
|
Other debtors |
1,202 |
|
1,183 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2013 |
|
2012 |
| £ |
£ |
|
|
Other creditors |
4,200 |
|
3,900 |
|
|
|
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|
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| 4 |
Reserves |
2013 |
| £ |
|
|
At 1 January 2013 |
1,451 |
|
Profit for the year |
636 |
|
|
At 31 December 2013 |
2,087 |
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| 5 |
Related party transactions |
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|
The company's turnover is all derived from the residents who are members of the company. |
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| 6 |
Members |
|
|
The company is limited by guarantee and each of its members is liable to contribute up to a maximum of £1 to the assets of the Company in the event of liquidation. |
