51 & 53 La Gare Company Limited - Limited company accounts 16.1

REGISTERED NUMBER: 04902731 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

51 & 53 LA GARE COMPANY LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Accountants

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

R Levien

Ms J L Ligon

SECRETARY:

Rendall and Rittner Limited

REGISTERED OFFICE:

Rendall & Ritter

Portsoken House

155-157 Minories

London

EC3N 1LJ

REGISTERED NUMBER:

04902731 (England and Wales)

ACCOUNTANTS:

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

The directors present their report with the financial statements of the company for the year ended 31 December 2015.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of holding interest on the freehold of 51 and 53 La Gare ,

Surrey Row, London, SE1 0BZ.

DIRECTORS

R Levien has held office during the whole of the period from 1 January 2015 to the date of this report.

Other changes in directors holding office are as follows:

J D Anderson - resigned 1 December 2015

J R Kelly - resigned 10 June 2015

P Murrain - resigned 1 December 2015

Ms J L Ligon was appointed as a director after 31 December 2015 but prior to the date of this report.

Ms A Coote ceased to be a director after 31 December 2015 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Ms J L Ligon - Director

28 September 2016

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2015 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

28 September 2016

TURNOVER

7,500

4,900

Administrative expenses

3,800

5,882

OPERATING PROFIT/(LOSS)

2

3,700

(982

)

Interest receivable and similar income

8

4

PROFIT/(LOSS) ON ORDINARY ACTIVITIES
BEFORE TAXATION

3,708

(978

)

Tax on profit/(loss) on ordinary activities

3

751

(230

)

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

2,957

(748

)

FIXED ASSETS

Tangible assets

4

81,659

CURRENT ASSETS

Debtors

5

1,767

230

Cash at bank

22,163

7,033

23,930

7,263

CREDITORS

Amounts falling due within one year

6

17,363

3,653

NET CURRENT ASSETS

6,567

3,610

TOTAL ASSETS LESS CURRENT
LIABILITIES

88,226

85,269

RESERVES

Other reserves

7

96,800

Profit and loss account

7

(8,574

)

(11,531

)

88,226

85,269

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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 28 September 2016 and were signed on its behalf by:

Ms J L Ligon - 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 represents ground rents receivable from the lessees of 51 and 53 La Gare Company Limited, Surrey Row, London,

SE1 0BZ and compensation receivable for use of the freehold land.

Tangible fixed assets

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

Freehold property

-

Depreciation has not been charged

2.	OPERATING PROFIT/(LOSS)

The operating profit (2014 - operating loss) is stated after charging:

2015

2014

£

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge/(credit)

The tax charge/(credit) on the profit on ordinary activities for the year was as follows:

2015

2014

£

Current tax:

UK corporation tax

751

(230

)

Tax on profit/(loss) on ordinary activities

751

(230

)

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2015

and 31 December 2015

81,659

NET BOOK VALUE

At 31 December 2015

81,659

At 31 December 2014

81,659

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

Other debtors

1,767

-

Tax

-

230

1,767

230

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

Tax

751

-

Other creditors

16,000

2,159

Deferred income

-

900

Accrued expenses

612

594

17,363

3,653

7.

RESERVES

Profit

and loss

Other

account

reserves

Totals

£

At 1 January 2015

(11,531

)

96,800

85,269

Profit for the year

2,957

At 31 December 2015

(8,574

)

96,800

88,226

8.	LIMITED BY GUARANTEE

The company is limited by guarantee and does not have share capital.