Villiers Court Residents Co Ltd - Limited company accounts 16.1

Villiers Court Residents Co Ltd - Limited company accounts 16.1

VILLIERS COURT RESIDENTS CO. LIMITED - Company Information

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REGISTERED NUMBER: 01063271













REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2015

FOR

VILLIERS COURT RESIDENTS CO. LIMITED

VILLIERS COURT RESIDENTS CO. LIMITED (REGISTERED NUMBER: 01063271)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 September 2015




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 6


VILLIERS COURT RESIDENTS CO. LIMITED

COMPANY INFORMATION
For The Year Ended 29 September 2015







DIRECTORS: Ms K L Cupper
T J Pimm
T Probert
D R Duncanson





SECRETARY: Mortimer Secretaries Limited





REGISTERED OFFICE: John Mortimer Property Management
Limited
Bagshot Road
Bracknell
Berkshire
RG12 9SE





REGISTERED NUMBER: 01063271





ACCOUNTANTS: Kirk Rice LLP
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP
Page 1
VILLIERS COURT RESIDENTS CO. LIMITED (REGISTERED NUMBER: 01063271)

REPORT OF THE DIRECTORS
For The Year Ended 29 September 2015

The directors present their report with the financial statements of the company for the year ended 29 September 2015.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the holding of the freehold property Villiers Court,
Maidenhead Road, Windsor, Berkshire, SL4 5ED. The company is also responsible for the administration of variable service charges
as agents of the statutory trust for the lessees of the freehold property.

The company has ground rent receivable for the freehold it owns. Service charges collected are held on trust for the purpose of
meeting the relevant costs in relation to the property in accordance with the provision of section 42 of the Landlord and Tenant Act
1987.

DIRECTORS
The directors shown below have held office during the whole of the period from 30 September 2014 to the date of this report.

Ms K L Cupper
T J Pimm
T Probert
D R Duncanson

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S Gwynn, on behalf of
Mortimer Secretaries Limited - Secretary


21 June 2016

Page 2
VILLIERS COURT RESIDENTS CO. LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
VILLIERS COURT RESIDENTS CO. LIMITED


As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 29 September 2015 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Kirk Rice LLP
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP


21 June 2016

This page does not form part of the statutory financial statements

Page 3
VILLIERS COURT RESIDENTS CO. LIMITED (REGISTERED NUMBER: 01063271)

PROFIT AND LOSS ACCOUNT
For The Year Ended 29 September 2015

2015 2014
Notes £    £   

TURNOVER 900 900

Administrative expenses 120 120
OPERATING PROFIT and
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION
2
780
780

Tax on profit on ordinary activities 3 156 111
PROFIT FOR THE FINANCIAL YEAR 624 669

The notes form part of these financial statements

Page 4
VILLIERS COURT RESIDENTS CO. LIMITED (REGISTERED NUMBER: 01063271)

BALANCE SHEET
29 September 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,227 3,227

CURRENT ASSETS
Debtors 5 3,343 2,674

CREDITORS
Amounts falling due within one year 6 501 456
NET CURRENT ASSETS 2,842 2,218
TOTAL ASSETS LESS CURRENT
LIABILITIES
6,069
5,445

CAPITAL AND RESERVES
Called up share capital 7 20 20
Profit and loss account 8 6,049 5,425
SHAREHOLDERS' FUNDS 6,069 5,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable
to the company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).


The financial statements were approved by the Board of Directors on 14 June 2016 and were signed on its behalf by:





T J Pimm - Director


The notes form part of these financial statements

Page 5
VILLIERS COURT RESIDENTS CO. LIMITED (REGISTERED NUMBER: 01063271)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 September 2015

1. ACCOUNTING POLICIES

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

Turnover
Turnover represents ground rent levied to the lessees of the company's freehold. This company is not registered for VAT.

Service charges
The company is responsible for the management of Villiers Court and collects service charges from lessees in order to fund
expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees as
required by the Landlord and Tenant Act 1987. Transactions relating to the management of the property are reported
separately to the lessees and are excluded from the company's financial statements.

Tangible fixed assets
Freehold buildings are depreciated to write down the cost less estimated residual value over the remaining useful life by
equal instalments. Where buildings are maintained to such a standard that their estimated residual value is not less than their
cost or valuation, no depreciation is charged as it is not material.

2. OPERATING PROFIT

The operating profit is stated after charging:

2015 2014
£    £   

Directors' remuneration and other benefits etc - -

3. TAXATION

Analysis of the tax charge
The tax charge on the profit on ordinary activities for the year was as follows:
2015 2014
£    £   
Current tax:
UK corporation tax 156 111
Tax on profit on ordinary activities 156 111

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 30 September 2014
and 29 September 2015 3,227
NET BOOK VALUE
At 29 September 2015 3,227
At 29 September 2014 3,227

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2015 2014
£    £   
Ground rent arrears 100 25
Other debtors 3,243 2,649
3,343 2,674

Page 6 continued...
VILLIERS COURT RESIDENTS CO. LIMITED (REGISTERED NUMBER: 01063271)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 September 2015

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2015 2014
£    £   
Tax 156 111
Deferred ground rent 225 225
Accrued expenses 120 120
501 456

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
20 Ordinary shares £ 1 20 20

8. RESERVES
Profit
and loss
account
£   

At 30 September 2014 5,425
Profit for the year 624
At 29 September 2015 6,049


Page 7