Priory (Folkestone Road) Management Ltd - Limited company accounts 16.1
Priory (Folkestone Road) Management Ltd - Limited company accounts 16.1
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
FOR |
PRIORY (FOLKESTONE ROAD) MANAGEMENT |
LIMITED |
PRIORY (FOLKESTONE ROAD) MANAGEMENT |
LIMITED (REGISTERED NUMBER: 02291277) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Profit and Loss Account | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
PRIORY (FOLKESTONE ROAD) MANAGEMENT |
LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2016 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
PRIORY (FOLKESTONE ROAD) MANAGEMENT |
LIMITED (REGISTERED NUMBER: 02291277) |
REPORT OF THE DIRECTORS |
FOR THE YEAR ENDED 31 MARCH 2016 |
The directors present their report with the financial statements of the company for the year ended 31 March 2016. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of the maintenance, cleanliness, insurance and |
keeping in good order the common parts of the properties included in Priory House, 157 Folkestone Road, Dover, Kent. |
The company has not traded in its own right and has received no income and incurred no expenditure during the current |
or previous year. With the exception of £96 held in respect of share capital, all monies held in the company bank |
account are held on trust for the leaseholders of Priory House and all transactions were entered into on behalf of the |
leaseholders. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 April 2015 to the date of this report. |
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: |
PRIORY (FOLKESTONE ROAD) MANAGEMENT |
LIMITED (REGISTERED NUMBER: 02291277) |
PROFIT AND LOSS ACCOUNT |
FOR THE YEAR ENDED 31 MARCH 2016 |
31.3.16 | 31.3.15 |
Notes | £ | £ |
TURNOVER |
OPERATING PROFIT and |
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
2 |
Tax on profit on ordinary activities | 3 |
PROFIT FOR THE FINANCIAL YEAR |
PRIORY (FOLKESTONE ROAD) MANAGEMENT |
LIMITED (REGISTERED NUMBER: 02291277) |
BALANCE SHEET |
31 MARCH 2016 |
31.3.16 | 31.3.15 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 5 |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors on by: |
PRIORY (FOLKESTONE ROAD) MANAGEMENT |
LIMITED (REGISTERED NUMBER: 02291277) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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). |
The company has not traded in its own right and has received no income and incurred no expenditure during the |
current or previous year. All transactions in the year were entered into on behalf of the leaseholders and income |
and expenditure arising from these transactions are shown in a separate service charge statement which does not |
form part of the annual accounts of the company and is not filed at Companies House. |
At the year end £96 was held in the company's bank account in respect of issued share capital. All other monies |
held in the company's bank account at the balance sheet date were held on trust for the leaseholders under |
Section 42 of the Landlord and Tenant Act 1987. |
The company contracts with third parties in its own name for the supply of services to the property for the |
maintenance of the common parts in accordance with the terms of the leases. At the year end the company had |
not entered into any non-cancellable contractual commitments. |
2. | OPERATING PROFIT |
The operating profit is stated after charging: |
31.3.16 | 31.3.15 |
£ | £ |
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 2016 nor for the year |
ended 31 March 2015. |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Due to leaseholders |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
Ordinary | £1 |
PRIORY (FOLKESTONE ROAD) MANAGEMENT |
LIMITED (REGISTERED NUMBER: 02291277) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
6. | RESERVES |
Profit |
and loss |
account |
£ |
Profit for the year |
At 31 March 2016 |