110_CAMBRIDGE_GARDENS_LIM - Accounts

110 CAMBRIDGE GARDENS LIMITED - Company Information

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Company Registration No. 06944798 (England and Wales)

110 CAMBRIDGE GARDENS LIMITED

DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

110 CAMBRIDGE GARDENS LIMITED

COMPANY INFORMATION

Directors

Ms Lara Agnew

Katherine Batholomew

Penelope Wilton

Secretary

Mr Timothy Taylor

Company number

06944798

Registered office

97 Chamberlayne Road

Kensal Rise

London

NW10 3NN

Accountants

Myers Clark

Egale 1

80 St Albans Road

Watford

Hertfordshire

WD17 1DL

110 CAMBRIDGE GARDENS LIMITED

CONTENTS

Page

Directors' report

Balance sheet

Notes to the financial statements

3 - 4

110 CAMBRIDGE GARDENS LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2015

- 1 -

The directors present their report and unaudited financial statements for the year ended 31 December 2015. The company is dormant and has not traded during the year.

Directors

The following directors have held office since 1 January 2015:

Ms Lara Agnew

Katherine Batholomew

Penelope Wilton

By order of the board

Mr Timothy Taylor

Secretary

16 September 2016

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2015

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.

110 CAMBRIDGE GARDENS LIMITED

BALANCE SHEET

AS AT

31 DECEMBER 2015

- 2 -

2015

2014

as restated

Notes

Fixed assets

Tangible assets

165,000

Net current assets

Total assets less current liabilities

165,000

Capital and reserves

Called up share capital

Share premium account

164,950

Shareholders' funds

165,000

Audit exemption statement

For the financial year ended 31 December 2015 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

Penelope Wilton

Director

Company Registration No. 06944798

110 CAMBRIDGE GARDENS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 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.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Nil

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Tangible fixed assets

Land and buildings

Cost

At 1 January 2015 & at 31 December 2015

165,000

Depreciation

At 1 January 2015 & at 31 December 2015

Net book value

At 31 December 2015

165,000

At 31 December 2014

165,000

The company acquired the freehold interest of 110 Cambridge Gardens in order to best protect the interests of the lessees. The directors do not consider it appropriate to depreciate the property.

110 CAMBRIDGE GARDENS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

5 Ordinary shares of £10 each

Statement of movements on reserves

Share premium account

Profit and loss
account

Balance at 1 January 2015

164,950

Balance at 31 December 2015

164,950

Reconciliation of movements in Shareholders' funds

2015

2014

Loss for the financial year

Opening Shareholders' funds

165,000

Closing Shareholders' funds

165,000

It was noted that the share capital of the company and associated premium had been misstated, therefore a prior year adjustment has been made to correct the disclosure, as a result:

- Share capital has been increased by £40 from £10 as at 1 January 2015; and

- Share premium has been decreased from £164,990 as at 1 January 2015 to £164,950.