Campden Hill Court Limited - Limited company accounts 16.1

REGISTERED NUMBER: 01826324 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 MARCH 2016

FOR

CAMPDEN HILL COURT LIMITED

Page

Company Information

1

Report of the Directors

2

Independent Auditors' Report

3

Profit and Loss Account

5

Balance Sheet

6

Notes to the Financial Statements

7

DIRECTORS:

T F Corner

K D Dabir-Alai

A M B Darwin

S England

R Grunschlag

A L Rose

SECRETARY:

S England

REGISTERED OFFICE:

c/o Websters

12 Melcombe Place

Marylebone

London

NW1 6JJ

REGISTERED NUMBER:

01826324 (England and Wales)

AUDITORS:

Websters

Chartered Accountants and Statutory Auditors

12 Melcombe Place

Marylebone

London

NW1 6JJ

The directors present their report with the financial statements of the company for the year ended 24 March 2016.

DIRECTORS

The directors shown below have held office during the whole of the period from 25 March 2015 to the date of

this report.

T F Corner

K D Dabir-Alai

A M B Darwin

S England

R Grunschlag

A L Rose

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in

accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law

the directors have elected to prepare the financial statements in accordance with United Kingdom Generally

Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company

law the directors must not approve the financial statements unless they are satisfied that they give a true and

fair view of the state of affairs of the company and of the profit or loss of the company for that period. In

preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain

the company's transactions and disclose with reasonable accuracy at any time the financial position of the

company and enable them to ensure that the financial statements comply with the Companies Act 2006. They

are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for

the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the

Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps

that he or she ought to have taken as a director in order to make himself or herself aware of any relevant

audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Websters, will be proposed for re-appointment at the forthcoming Annual General Meeting.

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:

T F Corner - Director

21 July 2016

We have audited the financial statements of Campden Hill Court Limited for the year ended 24 March 2016

on pages five to nine. The financial reporting framework that has been applied in their preparation is

applicable law and the Financial Reporting Standard for Smaller Entities (effective January 2015) (United

Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities).

This report is made solely to the company's shareholders, as a body, in accordance with Chapter 3 of Part 16

of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's

shareholders those matters we are required to state to them in an Auditors' Report and for no other purpose.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the

company and the company's shareholders as a body, for our audit work, for this report, or for the opinions we

have formed.

Respective responsibilities of directors and auditors

As explained more fully in the Statement of Directors' Responsibilities set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland).Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors, including "Ethical Standard - Provisions Available for Small Entities (Revised)", in the circumstances set out in note 9 to the financial statements.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient

to give reasonable assurance that the financial statements are free from material misstatement, whether

caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to

the company's circumstances and have been consistently applied and adequately disclosed; the

reasonableness of significant accounting estimates made by the directors; and the overall presentation of the

financial statements. In addition, we read all the financial and non-financial information in the Report of the

Directors to identify material inconsistencies with the audited financial statements and to identify any

information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge

acquired by us in the course of performing the audit. If we become aware of any apparent material

misstatements or inconsistencies we consider the implications for our report.

Opinion on financial statements

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 24 March 2016 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion the information given in the Report of the Directors for the financial year for which the financial

statements are prepared is consistent with the financial statements.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to

report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

David John Goddard (Senior Statutory Auditor)

for and on behalf of Websters

Chartered Accountants and Statutory Auditors

12 Melcombe Place

Marylebone

London

NW1 6JJ

21 July 2016

TURNOVER

42,784

42,981

Administrative expenses

(35,871

)

(230,714

)

6,913

(187,733

)

Other operating income

372

951

OPERATING PROFIT/(LOSS)

2

7,285

(186,782

)

Interest receivable and similar income

2,495

3,979

PROFIT/(LOSS) ON ORDINARY
ACTIVITIES BEFORE TAXATION

9,780

(182,803

)

Tax on profit/(loss) on ordinary activities

3

-

29,100

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

9,780

(153,703

)

FIXED ASSETS

Tangible assets

4

86,439

53,462

CURRENT ASSETS

Debtors

5

44,977

63,425

Cash at bank

112,192

364,994

157,169

428,419

CREDITORS

Amounts falling due within one year

6

(41,623

)

(289,676

)

NET CURRENT ASSETS

115,546

138,743

TOTAL ASSETS LESS CURRENT
LIABILITIES

201,985

192,205

CAPITAL AND RESERVES

Called up share capital

7

109

Profit and loss account

8

201,876

192,096

SHAREHOLDERS' FUNDS

201,985

192,205

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 21 July 2016 and were signed on its
behalf by:

T F Corner - 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 comprises ground rents and licence fees receivable.

Tangible fixed assets

The company's freehold property is maintained to a high standard. As a result, it is considered

unnecessary to provide depreciation on this asset. This departure from the requirements of the

Companies Act 1985 is considered necessary in order for the financial statements to show a true and

fair view.

The company's plant and machinery is stated at cost less depreciation. Depreciation is provided at 5%

per annum on a straight line basis, calculated to write off its cost over its expected useful life.

2.	OPERATING PROFIT/(LOSS)

The operating profit (2015 - operating loss) is stated after charging:

24.3.16

24.3.15

£

Depreciation - owned assets

2,092

614

Auditors' remuneration

1,638

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax credit

The tax credit on the profit on ordinary activities for the year was as follows:

24.3.16

24.3.15

£

Current tax:

UK corporation tax

-

(29,100

)

Tax on profit/(loss) on ordinary activities

-

(29,100

)

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 25 March 2015

5,249

50,670

55,919

Additions

-

35,069

At 24 March 2016

5,249

85,739

90,988

DEPRECIATION

At 25 March 2015

-

2,457

Charge for year

-

2,092

At 24 March 2016

-

4,549

NET BOOK VALUE

At 24 March 2016

5,249

81,190

86,439

At 24 March 2015

5,249

48,213

53,462

The company owns the freehold of Campden Hill Court, Campden Hill Road, London W8. The freehold

was acquired for £869,309 and tenants have contributed £864,060 towards that sum as the cost

element of the proceeds received for the granting of long leases. The net historical cost of £5,249 that

remains represents the freehold interest relating to a number of flats whose respective lessees are not

shareholders of the company and so have not yet acquired an interest in the freehold.

In the directors' opinion the property does not fall within the definition of an investment property within

the Financial Reporting Standard for Smaller Entities (effective April 2008), as it is not held for its

investment potential and the ground rental income has not been negotiated at arm's length. As a result

the property is included in the balance sheet at its net historical cost.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24.3.16

24.3.15

£

Trade debtors

1,973

930

Other debtors

43,004

62,495

44,977

63,425

Other debtors includes £15,598 (2015 - £61,266) in respect of amounts held in the managing agents'

Clients bank accounts.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24.3.16

24.3.15

£

Trade creditors

8,377

13,961

Other creditors

33,246

275,715

41,623

289,676

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

24.3.16

24.3.15

value:

£

109

Ordinary shares

£1

109

8.

RESERVES

Profit

and loss

account

£

At 25 March 2015

192,096

Profit for the year

9,780

At 24 March 2016

201,876

9.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and

submit returns to the tax authorities and to assist with the preparation of the financial statements.