Plantation Courts Management Co. (Amersham) Limited - Period Ending 2015-12-31

Registration number: 01516145

Plantation Courts Management Co. (Amersham) Limited

Directors' Report and Unaudited Financial Statements

for the Year Ended 31 December 2015
 

M J Vousden FCCA t/a AIMS
Synegis House
Crockhamwell Road
Woodley
Reading
Berkshire
RG5 3LE

Plantation Courts Management Co. (Amersham) Limited
Contents

Company Information 1

Directors' Report 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 5 to 6

The following pages do not form part of the statutory financial statements:

Detailed Profit and Loss Account 7 to 8

Plantation Courts Management Co. (Amersham) Limited
Company Information

Directors

J N C Rhodes J R Woodley K L Whiteford

Company secretary

J Money

Registered office

2 St Huberts Close Gerrards Cross Bucks SL9 7EN

Accountants

M J Vousden FCCA t/a AIMS Synegis House Crockhamwell Road Woodley Reading Berkshire RG5 3LE

Page 1

Plantation Courts Management Co. (Amersham) Limited
Directors' Report for the Year Ended 31 December 2015

The directors present their report and the unaudited financial statements for the year ended 31 December 2015.

Directors of the company

The directors who held office during the year were as follows:

J N C Rhodes

J R Woodley

B J Harding (Deceased 7 June 2015)

K L Whiteford (appointed 30 April 2015)

Principal activity

The principal activity of the company is managing, on behalf of the ground lessees, the maintenance and repair of the 35 flats known as Plantation Courts.

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 19 September 2016 and signed on its behalf by:

.........................................
J Money
Company secretary

Page 2

Plantation Courts Management Co. (Amersham) Limited
Profit and Loss Account for the Year Ended 31 December 2015

		Note			2015 £			2014 £
Turnover					35,700			33,581
Administrative expenses					(43,477)			(29,900)
Operating (deficit)/surplus					(7,777)			3,681
Other interest receivable and similar income					1			1
(Deficit)/surplus on ordinary activities before taxation					(7,776)			3,682
(Deficit)/surplus for the financial year		5			(7,776)			3,682

The notes on pages 5 to 6 form an integral part of these financial statements.
Page 3

Plantation Courts Management Co. (Amersham) Limited
(Registration number: 01516145)
Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Current assets
Debtors		2			4,346			6,071
Cash at bank and in hand					6,398			11,772
					10,744			17,843
Creditors: Amounts falling due within one year		3			(1,968)			(1,291)
Net assets					8,776			16,552
Capital and reserves
Called up share capital		4			35			35
External decoration reserve		5			413			413
Sinking fund		5			8,328			16,104
Shareholders' funds					8,776			16,552

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the Board on 19 September 2016 and signed on its behalf by:

.........................................
J R Woodley
Director

The notes on pages 5 to 6 form an integral part of these financial statements.
Page 4

Plantation Courts Management Co. (Amersham) Limited
Notes to the Financial Statements for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

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 the invoiced value for services to members of the company in their capacity as dwelling-holders. VAT is not charged on these services, as their value is below that at which the company would be required to register.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Debtors

		2015 £			2014 £
Tenant debtors		4,346			6,071

3	Creditors: Amounts falling due within one year

		2015 £			2014 £
Trade creditors		1,438			729
Other creditors		530			562
		1,968			1,291

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £0.50 each		70			35			70			35

Page 5

Plantation Courts Management Co. (Amersham) Limited
Notes to the Financial Statements for the Year Ended 31 December 2015
......... continued

5

Reserves

		External decoration reserve £			Sinking fund £			Total £
At 1 January 2015		413			16,104			16,517
Loss for the year		-			(7,776)			(7,776)
At 31 December 2015		413			8,328			8,741

Page 6

Plantation Courts Management Co. (Amersham) Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2015

		2015						2014
	£			£			£			£
Turnover (analysed below)					35,700						33,581
Gross profit (%)					100.00%						100.00%
Administrative expenses
General administrative expenses (analysed below)					(43,477)						(29,900)
Other interest receivable and similar income (analysed below)					1						1
(Loss)/profit on ordinary activities before taxation					(7,776)						3,682

This page does not form part of the statutory financial statements
Page 7

Plantation Courts Management Co. (Amersham) Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2015

2015 £

2014 £

Turnover
Service charges		35,700			33,581
		35,700			33,581

General administrative expenses
Management fees		6,928			6,539
Insurance		4,048			3,723
Lighting		919			687
General maintenance		25,475			12,967
Garden maintenance		5,459			5,323
Accountancy		450			450
Bank charges		129			121
Sundry expenses		69			90
		43,477			29,900

Other interest receivable and similar income
Bank interest receivable		1			1
		1			1

This page does not form part of the statutory financial statements
Page 8