ADMIRALS_COURT_RESIDENTS_ - Accounts
ADMIRALS_COURT_RESIDENTS_ - Accounts
Company Registration No. 03017966 (England and Wales)
FOR THE YEAR ENDED 24 JUNE 2016
COMPANY INFORMATION
Directors
Secretary
Company number
Registered office
Accountants
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
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:
On behalf of the board
Director
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.
BALANCE SHEET
AS AT
24 JUNE 2016
- 2 -
2016
2015
as restated
Notes
£
£
Current assets
Debtors
2
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Shareholders' funds
Audit exemption statement
Directors' responsibilities:
-
-
Approved by the Board and authorised for issue on 1 December 2016
Director
Company Registration No. 03017966
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
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
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.4
Status
During the year the company has acted as agent for the lessees of the property at 14 Eastbury Avenue, Northwood, Middlesex. The funds in relation to the maintenance of the property are held in trust. As at 24 June 2016 the cash balance held on behalf of the lessees amounted to £24,163.
The company therefore has no income or expenditure in its own right in relation to the maintenance of the common parts of the property held in accordance with the governing leases. 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. The accounts can be obtained from Admirals Court Residents Limited.
2
Debtors
2016
2015
£
£
Trade debtors
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 JUNE 2016
- 4 -
4
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 £29,606 have been transferred to give a balance brought forward at 1 April 2015 of £601;
- Creditors due within one year have been reduced from £1,973 brought forward at 1 April 2015 to £nil; and
- Creditors due in more than one year brought forward as at 1 April 2015 of £27,032 have also been reduced to £nil.