Islington Close (Phase 2) Management Limited - Period Ending 2016-09-30

Registration number: 07094283

Islington Close (Phase 2) Management Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2016
 

A J Wheeler Limited
Chartered Certified Accountants
338 London Road
Portsmouth
Hampshire
PO2 9JY

Islington Close (Phase 2) Management Limited
Contents

Company Information 1

Directors' Report 2

Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 6

Islington Close (Phase 2) Management Limited
Company Information

Directors

Mr Christopher Elliot Rhodes Mrs Nicola Etherington Mr John Greenaway Ms Erika Amanda Jean Sadler

Company secretary

Alexander Faulkner Partnership Limited

Registered office

Alexander Faulkner Partnership Limited 11 Little Park Farm Road Fareham Hampshire PO15 5SN

Accountants

A J Wheeler Limited Chartered Certified Accountants 338 London Road Portsmouth Hampshire PO2 9JY

Page 1

Islington Close (Phase 2) Management Limited
Directors' Report for the Year Ended 30 September 2016

The directors present their report and the unaudited financial statements for the year ended 30 September 2016.

Directors of the company

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

Mr Christopher Elliot Rhodes

Mr David Sinjon Royle (Resigned 8 March 2016)

Mrs Nicola Etherington

Mr John Greenaway

Ms Erika Amanda Jean Sadler

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 3 October 2016 and signed on its behalf by:

.........................................
Mr John Greenaway
Director

Page 2

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Islington Close (Phase 2) Management Limited
for the Year Ended 30 September 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Islington Close (Phase 2) Management Limited for the year ended 30 September 2016 set out on pages 4 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Islington Close (Phase 2) Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Islington Close (Phase 2) Management Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Islington Close (Phase 2) Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Islington Close (Phase 2) Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Islington Close (Phase 2) Management Limited. You consider that Islington Close (Phase 2) Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Islington Close (Phase 2) Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

A J Wheeler Limited
Chartered Certified Accountants
338 London Road
Portsmouth
Hampshire
PO2 9JY

3 October 2016

Page 3

Islington Close (Phase 2) Management Limited
Profit and Loss Account for the Year Ended 30 September 2016

		Note			2016 £			2015 £
Turnover					-			-
Operating profit/(loss)					-			-
Profit/(loss) on ordinary activities before taxation					-			-
Profit/(loss) for the financial year					-			-

The notes on page 6 form an integral part of these financial statements.
Page 4

Islington Close (Phase 2) Management Limited
(Registration number: 07094283)
Balance Sheet at 30 September 2016

		Note			2016 £			2015 £
Shareholders' funds/(deficit)					-			-

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 2015).

For the year ending 30 September 2016 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 and authorised for issue by the Board on 3 October 2016 and signed on its behalf by:

.........................................
Mr John Greenaway
Director

The notes on page 6 form an integral part of these financial statements.
Page 5

Islington Close (Phase 2) Management Limited
Notes to the Financial Statements for the Year Ended 30 September 2016
......... 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). Under the Landlord and Tenant act 1987 the financial transactions are shown within separate service charge accounts prepared and controlled as per section 42. The company acts as trustees and not as principle and as such no financial transactions are disclosed within these financial statements as recommended in TECH03/11

2	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £nil towards the assets of the company in the event of liquidation.

Page 6