The Carltons (Putney) Tenants Association Limited - Period Ending 2015-12-31

Registration number: 00749494

The Carltons (Putney) Tenants Association Limited

Abbreviated Accounts

for the Year Ended 31 December 2015
 

787878787
The Carltons (Putney) Tenants Association Limited
Registration number: 00749494
Abbreviated Balance Sheet at 31 December 2015

		Note			2015						2014
	£			£			£			£
Fixed assets
Tangible fixed assets		2						83						92
Current assets
Debtors					2,014						2,599
Cash at bank and in hand					12,478						15,700
					14,492						18,299
Creditors: Amounts falling due within one year					(4,573)						(4,254)
Net current assets								9,919						14,045
Net assets								10,002						14,137
Capital and reserves
Called up share capital		3			160						160
Profit and loss account					9,842						13,977
Shareholders' funds								10,002						14,137

For the year ending 31 December 2015 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

Approved by the Board on 11 March 2016 and signed on its behalf by:

Mr P Sunderland
Director

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

787878787
The Carltons (Putney) Tenants Association Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015

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 January 2015).

Turnover

Turnover represents amounts chargeable to tenants in respect of services and rechargable expenses.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	10% on written down value
Fixtures and fittings	10% on written down value

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	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		3,186			3,186
At 31 December 2015		3,186			3,186
Amortisation
At 1 January 2015		3,094			3,094
Charge for the year		9			9
At 31 December 2015		3,103			3,103
Net book value
At 31 December 2015		83			83
At 31 December 2014		92			92

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

787878787
The Carltons (Putney) Tenants Association Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £10.00 each		16			160			16			160

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