STANHOPE_RESIDENTS_LIMITE - Accounts

STANHOPE RESIDENTS LIMITED - Company Information

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Company Registration No. 03257370 (England and Wales)

STANHOPE RESIDENTS LIMITED

DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 JUNE 2016

STANHOPE RESIDENTS LIMITED

COMPANY INFORMATION

Directors

N Gale

A Hornan

R Levene

Company number

03257370

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

STANHOPE RESIDENTS LIMITED

CONTENTS

Page

Directors' report

Balance sheet

Notes to the financial statements

STANHOPE RESIDENTS LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 24 JUNE 2016

- 1 -

The directors present their report and unaudited financial statements for the year ended 24 June 2016. The company is dormant and has not traded during the year.

Directors

The following directors have held office since 25 June 2015:

N Gale

A Hornan

R Levene

On behalf of the board

R Levene

Director

20 September 2016

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 24 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.

STANHOPE RESIDENTS LIMITED

BALANCE SHEET

AS AT

24 JUNE 2016

- 2 -

2016

2015

as restated

Notes

Current assets

Debtors

451

Total assets less current liabilities

451

Capital and reserves

Called up share capital

451

Shareholders' funds

451

Audit exemption statement

For the financial year ended 24 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 20 September 2016

R Levene

Director

Company Registration No. 03257370

STANHOPE RESIDENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 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.

Debtors

2016

2015

Other debtors

451

Share capital

2016

2015

Allotted, called up and fully paid

9 Ordinary shares of £50 each

450

5 Founder shares of 20p each

451

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 £16,107 have been transferred to give a balance brought forward at 25 June 2015 of £451;

- Creditors due within one year has been reduced from £12,167 brought forward at 25 June 2015 to £nil; and

- Creditors due in more than one year brought forward as at 25 June 2015 of £3,489 have also been reduced to £nil.