31 Royal Park Management Company Limited - Limited company accounts 11.4

REGISTERED NUMBER: 02280280 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

31 ROYAL PARK MANAGEMENT COMPANY

LIMITED

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

Dr S J Smith

Miss I Webster

Ms T Zhu

Mrs L Rainsbury

J Rainsbury

SECRETARY:

R C Bryan

REGISTERED OFFICE:

Oakside House

35 Oakfield Road

Clifton

Bristol

BS8 2AT

REGISTERED NUMBER:

02280280 (England and Wales)

ACCOUNTANTS:

Bryan Stone & Company

91-93 Alma Road

Clifton

Bristol

BS8 2DP

The directors present their report with the financial statements of the company for the year ended

31 March 2014.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2013 to the date of this

report.

Dr S J Smith

Miss I Webster

Ms T Zhu

Mrs L Rainsbury

J Rainsbury

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

J Rainsbury - Director

10 October 2014

TURNOVER

5,500

2,600

Administrative expenses

6,883

3,047

OPERATING LOSS and

LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION

2

(1,383

)

(447

)

Tax on loss on ordinary activities

3

-

-

LOSS FOR THE FINANCIAL YEAR

(1,383

)

(447

)

FIXED ASSETS

Tangible assets

4

1

1

CURRENT ASSETS

Debtors

5

396

-

Cash at bank

2,374

3,889

2,770

3,889

CREDITORS

Amounts falling due within one year

6

494

230

NET CURRENT ASSETS

2,276

3,659

TOTAL ASSETS LESS CURRENT LIABILITIES

2,277

3,660

CAPITAL AND RESERVES

Called up share capital

7

100

100

Profit and loss account

8

2,177

3,560

SHAREHOLDERS' FUNDS

2,277

3,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 special 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 10 October 2014 and were signed on its behalf by:

J Rainsbury - 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 April 2008).

Turnover

Turnover consists of contributions receivable from flat owners during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

1% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	OPERATING LOSS

The operating loss is stated after charging:

31/3/14

31/3/13

£

£

Directors' remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 March 2014 nor for

the year ended 31 March 2013.

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2013

and 31 March 2014

1

NET BOOK VALUE

At 31 March 2014

1

At 31 March 2013

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/14

31/3/13

£

£

Trade debtors

300

-

Other debtors

96

-

396

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/14

31/3/13

£

£

Accrued expenses

494

230

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/14

31/3/13

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Profit

and loss

account

£

At 1 April 2013

3,560

Deficit for the year

(1,383

)

At 31 March 2014

2,177

9.	ULTIMATE CONTROLLING PARTY

As the issued voting share capital is owned in equal proportions, no one person or entity has ultimate

control of the company's affairs.