THE_QUADRANGLES_(LEROY_ST - Accounts

THE_QUADRANGLES_(LEROY_ST - Accounts

THE QUADRANGLES (LEROY STREET) MANAGEMENT COMPANY LIMITED - Company Information

Print Friendly Version

Company Registration No. 02972920 (England and Wales)
THE QUADRANGLES (LEROY STREET) MANAGEMENT COMPANY LIMITED
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
THE QUADRANGLES (LEROY STREET) MANAGEMENT COMPANY LIMITED
COMPANY INFORMATION
Directors
Ms C S Walcher
Ms C Elders
Mr W G Differ
Secretary
HML Company Secretarial Services Limited
Company number
02972920
Registered office
94 Park Lane
Croydon
Surrey
CR0 1JB
Accountants
RDP Newmans LLP
Lynwood House
373-375 Station Road
Harrow
Middlesex
HA1 2AW
THE QUADRANGLES (LEROY STREET) MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
THE QUADRANGLES (LEROY STREET) MANAGEMENT COMPANY LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2015
- 1 -
The directors present their report and unaudited financial statements for the year ended 31 December 2015. The company is dormant and has not traded during the year.
Directors
The following directors have held office since 1 January 2015:
Ms C S Walcher
Ms C Elders
Mr W G Differ
On behalf of the board
Ms C Elders
Director
14 June 2016
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2015
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
THE QUADRANGLES (LEROY STREET) MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 2 -
2015
2014
Notes
£
£
Fixed assets
Investments
3
10
8
Current assets
Debtors
4
7
9
Net current assets
7
9
Total assets less current liabilities
17
17
Capital and reserves
Called up share capital
5
17
17
Shareholders' funds
17
17
Audit exemption statement
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 14 June 2016
Ms C Elders
Director
Company Registration No. 02972920
THE QUADRANGLES (LEROY STREET) MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
1
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 January 2015).

1.2
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.3
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006  not to prepare group accounts.
2
Taxation
The company has been established as a residents management company to manage a housing development known as Quadrangle Close. Its principal activity is to act entirely on behalf of the leaseholders of the block of apartments for the purpose of collecting service charges and processing maintenance costs on behalf of the lessees of the blocks. The company is not constituted to make a profit or loss. Accordingly, the company is outside the scope of corporation tax.
THE QUADRANGLES (LEROY STREET) MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 4 -
3
Fixed asset investments
Shares in group undertakings and participating interests
£
Cost
At 1 January 2015
8
Additions
2
At 31 December 2015
10
Net book value
At 31 December 2015
10
At 31 December 2014
8
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Orchidquest Limited
England & Wales
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
Orchidquest Limited
Collection of ground rent
10,275
-
4
Debtors
2015
2014
£
£
Other debtors
7
9
THE QUADRANGLES (LEROY STREET) MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 5 -
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
17 Ordinary shares of £1 each
17
17
6
Control
The ultimate controlling interest is held jointly by the shareholders of the company.
2015-12-312015-01-01truefalsetruetruetruetruetmp2955.html2016-06-22029729202015-01-012015-12-3102972920uk-bus:Director12015-01-012015-12-3102972920uk-bus:Director22015-01-012015-12-3102972920uk-bus:Director32015-01-012015-12-3102972920uk-bus:CompanySecretary2015-01-012015-12-3102972920uk-bus:RegisteredOffice2015-01-012015-12-3102972920uk-bus:EntityAccountantsOrAuditors2015-01-012015-12-31029729202015-12-31029729202014-12-31029729202014-12-3102972920uk-gaap:Subsidiary12015-01-012015-12-3102972920uk-gaap:Subsidiary12015-12-3102972920uk-bus:OrdinaryShareClass12015-01-012015-12-3102972920uk-bus:OrdinaryShareClass12015-12-3102972920uk-bus:OrdinaryShareClass12014-12-31xbrli:purexbrli:sharesiso4217:GBP