Spring Court Residents Association ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 01276601 (England and Wales)

SPRING COURT RESIDENTS ASSOCIATION

LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs M J Smith

Mr C W Teesdale

Miss K H Flint

REGISTERED OFFICE:

Wallace House

20 Birmingham Road

Walsall

West Midlands

WS1 2LT

REGISTERED NUMBER:

01276601 (England and Wales)

ACCOUNTANTS:

Wallace Crooke Walsall Limited

Chartered Accountants

Wallace House

20 Birmingham Road

Walsall

West Midlands

WS1 2LT

FIXED ASSETS

Tangible assets

2

12,378

10,531

CURRENT ASSETS

Debtors

11

11

Cash at bank

28,714

10,229

28,725

10,240

CREDITORS

Amounts falling due within one year

8,892

13,690

NET CURRENT ASSETS/(LIABILITIES)

19,833

(3,450

)

TOTAL ASSETS LESS CURRENT LIABILITIES

32,211

7,081

CAPITAL AND RESERVES

Called up share capital

3

42

42

Share premium

11,958

11,958

Profit and loss account

20,211

(4,919

)

SHAREHOLDERS' FUNDS

32,211

7,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 9 August 2016 and were signed on its behalf by:

Mrs M J Smith - Director

Mr C W Teesdale - 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).

Turnover

Turnover consists of service charges, ground rents and extraordinary service charges receivable in

respect of the year.

Credit is taken for the service charges, ground rents and extraordinary service charges when

receivable, whether received or not, except to the extent that a bad debt is expected.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Depreciation is not provided on freehold land and buildings as it is considered immaterial.

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

10,809

Additions

2,450

At 31 March 2016

13,259

DEPRECIATION

At 1 April 2015

278

Charge for year

603

At 31 March 2016

881

NET BOOK VALUE

At 31 March 2016

12,378

At 31 March 2015

10,531

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

42

Ordinary

£1

42

42