Alyn Court RTM Company Limited - Limited company accounts 16.1

REGISTERED NUMBER: 06714131 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2014 TO 31 DECEMBER 2015

FOR

ALYN COURT RTM COMPANY LIMITED

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Income and Expenditure Account

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

H F Burrows

K Weltner

SECRETARY:

Michael Laurie Magar Limited

REGISTERED OFFICE:

c/o Michael Laurie Magar

2nd Floor Premiere House

Elstree Way

Borehamwood

WD6 1JH

REGISTERED NUMBER:

06714131 (England and Wales)

ACCOUNTANTS:

Websters

12 Melcombe Place

Marylebone

London

NW1 6JJ

The directors present their report with the financial statements of the company for the period 1 November 2014 to 31 December 2015.

PRINCIPAL ACTIVITY

The company has the responsibility to control, supervise and manage the site known as Alyn Court, Crescent

Road, London N8 8AN on behalf of the lessees. Ground Rents (Regisport) Limited own the reversionary

freehold interest.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 November 2014 to the date

of this report.

H F Burrows

K Weltner

COMPANY STATUS

Alyn Court RTM Company Limited is a company limited by guarantee and therefore the company has no

share capital.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in

accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law

the directors have elected to prepare the financial statements in accordance with United Kingdom Generally

Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company

law the directors must not approve the financial statements unless they are satisfied that they give a true and

fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In

preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain

the company's transactions and disclose with reasonable accuracy at any time the financial position of the

company and enable them to ensure that the financial statements comply with the Companies Act 2006. They

are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for

the prevention and detection of fraud and other irregularities.

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:

H F Burrows - Director

5 August 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Alyn Court RTM Company Limited for the period ended 31 December 2015 which

comprise the Income and Expenditure 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 (ICAEW), 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 Alyn Court RTM Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alyn Court RTM Company Limited and state those matters that we have agreed to state to the Board of Directors of Alyn Court RTM Company 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Alyn Court RTM Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alyn Court RTM Company Limited. You consider that Alyn Court RTM Company Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Alyn Court RTM Company 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 financial statements.

Websters

12 Melcombe Place

Marylebone

London

NW1 6JJ

5 August 2016

TURNOVER

-

-

OPERATING SURPLUS and

SURPLUS ON ORDINARY ACTIVITIES BEFORE TAXATION

2

-

-

Tax on surplus on ordinary activities

3

-

-

SURPLUS FOR THE FINANCIAL PERIOD

-

-

TOTAL ASSETS LESS CURRENT LIABILITIES

-

-

RESERVES

-

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 surplus or deficit 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 January 2015).

The financial statements were approved by the Board of Directors on 5 August 2016 and were signed on its behalf by:

H F Burrows - Director

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 January 2015).

Service charge funds

The company receives contributions towards property outgoings from the lessees ('service charge

funds'). However, as set out in Section 42 of The Landlord & Tenant Act 1987, the company holds

these funds in trust for the lessees and, in accordance with recommended practice issued by Institute

of Chartered Accountants in England and Wales, these contributions are not reflected in the financial

statements.

2.	OPERATING SURPLUS

The directors received no remuneration in respect of their services to the company for the year.

3.

TAXATION

The company has no income chargeable to UK corporation tax.

For tax purposes,service charge funds are deemed to be held by the company in trust for the lessees

and hence any taxable income is subject to income tax at the rate applicable to such trusts and falls

outside the scope of corporation tax.

4.	TOTAL FUNDS

The company is limited by guarantee and hence does not have a share capital.

Under the company's Memorandum of Association, each member of the company undertakes to

contribute such amount as may be required (not exceeding £1) to the company's assets if it should be

wound up.

5.

RESERVES

Income

and

expenditure

account

£

Surplus for the period

-

At 31 December 2015

-

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by a voting majority of members and accordingly there is no controlling

party.