WOODEND_MANAGEMENT_COMPAN - Accounts

WOODEND_MANAGEMENT_COMPAN - Accounts

WOODEND MANAGEMENT COMPANY LIMITED - Company Information

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Company Registration No. 02092132 (England and Wales)
WOODEND MANAGEMENT COMPANY LIMITED
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
WOODEND MANAGEMENT COMPANY LIMITED
COMPANY INFORMATION
Directors
Dr M Margarson
Dr M J Orr
Mr C F Robinson
Secretary
Mr C F Robinson
Company number
02092132
Registered office
Hardy House
Woodend Downs Road
Chichester
West Sussex
PO18 9BP
Accountants
Carpenter Box
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
Business address
Hardy House
Woodend Downs Road
Chichester
West Sussex
PO18 9BP
WOODEND MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5
WOODEND MANAGEMENT COMPANY LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2016
- 1 -
The directors present their report and financial statements for the year ended 31 March 2016.
Principal activities

The principal activity of the company continued to be that of the maintenance of the common areas of the Estate at Woodend, West Stoke, Chichester, West Sussex.

Directors
The following directors have held office since 1 April 2015:
Dr M Margarson
Dr M J Orr
Mr C F Robinson
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Mr C F Robinson
Director
19 December 2016
WOODEND MANAGEMENT COMPANY LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WOODEND MANAGEMENT COMPANY LIMITED FOR THE YEAR ENDED 31 MARCH 2016
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Woodend Management Company Limited for the year ended 31 March 2016 which comprise the Profit and Loss Account, the 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, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Woodend Management Company 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 financial statements of Woodend Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Woodend Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woodend Management Company Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Woodend Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Woodend Management Company Limited. You consider that Woodend Management Company 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 financial statements of Woodend Management Company 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 financial statements.
Carpenter Box
20 December 2016
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
WOODEND MANAGEMENT COMPANY LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
2016
2015
Notes
£
£
Turnover
3,533
4,328
Administrative expenses
(3,536)
(4,330)
Operating loss
(3)
(2)
Other interest receivable and similar income
2
3
2
Loss on ordinary activities before taxation
-
-
Tax on loss on ordinary activities
3
-
-
Loss for the year
-
-
WOODEND MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 4 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
4
-
60
Cash at bank and in hand
20,872
16,101
20,872
16,161
Creditors: amounts falling due within one year
5
(20,862)
(16,151)
Total assets less current liabilities
10
10
Capital and reserves
Called up share capital
6
10
10
Shareholders'  funds
10
10
For the financial year ended 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the Board for issue on 19 December 2016
Dr M Margarson
Mr C F Robinson
Director
Director
Company Registration No. 02092132
WOODEND MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
- 5 -
1
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
Turnover

Turnover represents service charge contributions and other amounts due from the members.

2
Investment income
2016
2015
£
£
Bank interest
3
2
3
2
3
Taxation
On the basis of these financial statements no provision has been made for corporation tax.
4
Debtors
2016
2015
£
£
Trade debtors
-
60
-
60
5
Creditors: amounts falling due within one year
2016
2015
£
£
Other creditors
20,862
16,151
6
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10 Ordinary shares of £1 each
10
10
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