MARLBOROUGH_HEIGHTS_(MANA - Accounts

MARLBOROUGH HEIGHTS (MANAGEMENT COMPANY) LIMITED - Company Information

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Company Registration No. 01428544 (England and Wales)

MARLBOROUGH HEIGHTS (MANAGEMENT COMPANY) LIMITED

DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

MARLBOROUGH HEIGHTS (MANAGEMENT COMPANY) LIMITED

COMPANY INFORMATION

Directors

A Choudhary

(Appointed 9 February 2016)

S Pandey

J Parmar

P Sidapara

Company number

01428544

Registered office

C/o Sears Morgan Property Management

Suite D6 St Meryl Suite

Delta Gain

Watford

Herts

WD19 5EF

Accountants

Myers Clark

Egale 1

80 St Albans Road

Watford

Hertfordshire

WD17 1DL

MARLBOROUGH HEIGHTS (MANAGEMENT COMPANY) LIMITED

CONTENTS

Page

Directors' report

Balance sheet

Notes to the financial statements

MARLBOROUGH HEIGHTS (MANAGEMENT COMPANY) LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 30 JUNE 2016

- 1 -

The directors present their report and unaudited financial statements for the year ended 30 June 2016. The company is dormant and has not traded during the year.

Directors

The following directors have held office since 1 July 2015:

A Choudhary

(Appointed 9 February 2016)

S Pandey

J Parmar

P Sidapara

M Masood

(Resigned 13 November 2015)

On behalf of the board

J Parmar

Director

16 September 2016

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2016

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.

MARLBOROUGH HEIGHTS (MANAGEMENT COMPANY) LIMITED

BALANCE SHEET

AS AT

30 JUNE 2016

- 2 -

2016

2015

as restated

Notes

Current assets

Cash at bank and in hand

Total assets less current liabilities

Capital and reserves

Called up share capital

Shareholders' funds

Audit exemption statement

For the financial year ended 30 June 2016 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;

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 16 September 2016

J Parmar

Director

Company Registration No. 01428544

MARLBOROUGH HEIGHTS (MANAGEMENT COMPANY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

The company has no income or expenditure in its own right. All transactions in the year relate to the maintenance of the common parts in accordance with the lease. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. Service charges collected are held in trust.

Share capital

2016

2015

Allotted, called up and fully paid

15 Ordinary shares of £1 each

Prior year adjustment

It was resolved that the service charge assets and associated liabilities in relation to the maintenance of the property governed by the lease should be held in trust and therefore reported separately from the statutory company accounts.

On this basis, a prior year adjustment has been made to strip out the amounts which relate to the service charge fund, as a result:

- Current assets due within one year amounting to £19,696 have been transferred to give a balance brought forward at 1 July 2015 of £15;

- Creditors due within one year have been reduced from £7,807 brought forward at 1 July 2015 to £nil; and

- Creditors due in more than one year brought forward as at 1 July 2015 of £11,874 have also been reduced to £nil.