THE_POLYGON_RESIDENTS_ASS - Accounts

THE POLYGON RESIDENTS ASSOCIATION LIMITED - Company Information

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Company Registration No. 03161249 (England and Wales)

THE POLYGON RESIDENTS ASSOCIATION LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 24 MARCH 2016

THE POLYGON RESIDENTS ASSOCIATION LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

THE POLYGON RESIDENTS ASSOCIATION LIMITED

ABBREVIATED BALANCE SHEET

AS AT

24 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

48,757

Creditors: amounts falling due within one year

(48,748)

Net current liabilities

(48,748)

Total assets less current liabilities

Capital and reserves

Called up share capital

Profit and loss account

(9)

Shareholders' funds

Audit exemption statement

For the financial year ended 24 March 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 abbreviated 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 9 November 2016

N Hai

Director

Company Registration No. 03161249

THE POLYGON RESIDENTS ASSOCIATION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 24 MARCH 2016

- 2 -

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

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

Not provided

1.4

Service charge accounts

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.

Fixed assets

Tangible assets

Cost

At 26 March 2015 & at 24 March 2016

48,757

At 25 March 2015

48,757

Share capital

2016

2015

Allotted, called up and fully paid

18 Ordinary shares of £1 each