Osborne Court (Jesmond) Maintenance Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 01235525 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

OSBORNE COURT (JESMOND) MAINTENANCE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr J White

Ms J Hamblin

Ms P Richold

Mrs K M Thompson

Miss S M Upton

Miss K Davies-Walters

SECRETARY:

Mr D S Brannen

REGISTERED OFFICE:

c/o 220 Park View

Whitley Bay

Tyne and Wear

NE26 3QR

REGISTERED NUMBER:

01235525 (England and Wales)

ACCOUNTANTS:

Robson Laidler Accountants Limited

Fernwood House

Fernwood Road

Jesmond

Newcastle upon Tyne

NE2 1TJ

MANAGING AGENTS:

Brannen & Partners

Chartered Surveyors

220 Park View

Monkseaton

Whitley Bay

Tyne and Wear

NE26 3QR

FIXED ASSETS

Tangible assets

2

14,000

CURRENT ASSETS

Debtors

7,012

6,928

CREDITORS

Amounts falling due within one year

24

36

NET CURRENT ASSETS

6,988

6,892

TOTAL ASSETS LESS CURRENT
LIABILITIES

20,988

20,892

CREDITORS

Amounts falling due after more than one
year

16,500

NET ASSETS

4,488

4,392

RESERVES

Profit and loss account

4,488

4,392

4,488

4,392

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

The members have not required the company to obtain an audit of its financial statements for the year 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 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 2 September 2016 and were signed on its behalf
by:

Ms J Hamblin - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared on a going concern basis on the grounds that current and future

sources of funding or support will be more than adequate for the company's needs. The directors have

considered a period of twelve months from the date of approval of the financial statements and believe that no

further disclosures relating to the company's ability to continue as a going concern need to be made in the

financial statements

Turnover

Turnover represents ground rents due for the year from the residential lessees.

Tangible fixed assets

No depreciation is charged on freehold property because the directors consider that the economic life of the

property and its residual value are such that depreciation is not significant. The residual value of the property is

regularly reviewed in order to identify any permanent diminution in value which would be charged to the income

and expenditure account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

14,000

NET BOOK VALUE

At 31 December 2015

14,000

At 31 December 2014

14,000

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

All directors are lessees who pay contributions towards the costs of the company at the same rates of other

lessees.

4.	SERVICE CHARGE ACCOUNT

The company acts as a trustee in respect of the service charges monies it receives from the leaseholders by virtue

of Section 42 of the Landlords and Tenants Act 1987. During the year net expenditure of £94,626 (2014 -

£61,092) was recovered by way of service charge monies. The total amount of assets held in trust at the year end

were £52,635 (2014 - £81,191).

The company has not recognised any of the assets or liabilities, nor income and expenditure, in respect of the

service charge monies as assets of the company in the accounts.

5.	COMPANY LIMITED BY GUARANTEE

The company is registered in England, number 01235525, and is limited by guarantee, in that every member of

the company undertakes to contribute to the assets of the company in the event of the company being wound up

while he/she is a member, or within one year after he/she ceases to be a member, for payment of the debts and

liabilities of the company contracted for before he/she ceases to be a member, and of the costs, charges and

expenses of winding up, and for the adjustment of the rights of the contributions among themselves, such

amounts as may be required not exceeding £1.