27 Earls Court Gardens Management Company Limited Company Accounts

27 Earls Court Gardens Management Company Limited Company Accounts

27 EARLS COURT GARDENS MANAGEMENT COMPANY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 04056738
27 EARLS COURT GARDENS MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2016
27 EARLS COURT GARDENS MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
DIRECTORS' REPORT
PERIOD FROM 1 SEPTEMBER 2015 TO 31 MARCH 2016
The directors present their report and the unaudited financial statements of the company for the period from 1 September 2015 to 31 March 2016.
Principal Activities
The principal activity of the service charge continued to be that of the management and maintaining of 4 leasehold properties comprising Flats 1 - 4, 27 Earls Court Gardens, London SW5 0TR; including any common areas, roads, accessways, footpaths, parking areas, drains, sewers, lighting, security and associated facilities.
Directors
The directors who served the company during the period were as follows:
Ms C Moore
Mr C I H Cross
Mrs S P Cross
Mr D H Dalrymple
Ms A Moore
Ms C F Rapsey
Mr G Rapsey
(Retired 9 Nov 15)
Small Company Provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Registered office: Signed by order of the directors
Victoria House
18 - 22 Albert Street
FLEET
Hampshire
GU51 3RJ
Mrs Ginny Allaway
Company Secretary
Approved by the directors on 22 December 2016
27 EARLS COURT GARDENS MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF
DIRECTORS ON THE PREPARATION OF THE UNAUDITED
STATUTORY ACCOUNTS OF 27 EARLS COURT GARDENS
MANAGEMENT COMPANY LIMITED
PERIOD FROM 1 SEPTEMBER 2015 TO 31 MARCH 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 27 Earls Court Gardens Management Company Limited for the period ended 31 March 2016 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
Our work has been undertaken in accordance with the requirements of Institute of Chartered Accountants in England and Wales (ICAEW) as detailed at icaew.com/compilation.
L P (RMC ACCOUNTS) LIMITED Chartered Accountants
Hampshire House 204 Holly Road ALDERSHOT Hampshire GU12 4SE
22 December 2016
27 EARLS COURT GARDENS MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
PROFIT AND LOSS ACCOUNT
PERIOD FROM 1 SEPTEMBER 2015 TO 31 MARCH 2016
Period from
1 Sep 15 to
Year to
31 Mar 16
31 Aug 15
Note
£
£
Service Charges
5,772
1,927
Direct Property Expenditure
4,174
1,362
-------
-------
Gross Profit
1,598
565
Administrative expenses
1,607
566
-------
----
Operating Loss
( 9)
( 1)
Interest receivable
9
1
----
----
Profit on Ordinary Activities Before Taxation
–
–
Tax on profit on ordinary activities
–
–
----
----
Profit for the Financial Period
–
–
----
----
27 EARLS COURT GARDENS MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
31 March 2016
31 Mar 16
31 Aug 15
Note
£
£
----
----
Total Assets Less Current Liabilities
–
–
----
----
Reserves
3
----
----
Members' Funds
–
–
----
----
For the period from 1 September 2015 to 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
These accounts were approved by the directors and authorised for issue on 22 December 2016 , and are signed on their behalf by:
Mr D H Dalrymple
Company Registration Number: 04056738
27 EARLS COURT GARDENS MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 SEPTEMBER 2015 TO 31 MARCH 2016
1. Accounting Policies
(a) Basis of Accounting
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). For clarity the Financial Statements include the Service Charge Accounts for the year ended 31 March in the respective years.
(b) Service Charges
Service charges receivable represents the amounts charged to the residential owners, as adjusted by transfers to or from deferred income.
2. Related Party Transactions
None of the shareholders have overall control of the company The shareholders are residential owners in the managed property. As part of the management of that property, service charges are collected from the residential owners to meet the costs of managing and maintaining the property. Service Charges are held in trust for the benefit of the residential owners; accordingly separate service charge accounts are prepared.
3. Company Limited by Guarantee
The company is limited by guarantee, the liability of each member being £1.