56 Cranfield Road Brockley Management Limited - Accounts

56 Cranfield Road Brockley Management Limited - Accounts


Registered number
02485836
56 Cranfield Road Brockley Management Limited
Report and Unaudited Accounts
for the year ended
31 March 2016
56 Cranfield Road Brockley Management Limited
Company Information
Directors
D P J Francis
D T French
S R Smith
Secretary
D P J Francis
Accountants
Turner Burke Limited
77 Avery Hill Road
New Eltham
London
SE9 2BJ
Bankers
Lloyds Bank plc
61-65 Thorpe Wood
Peterborough
PE3 6SF
Registered office
56 Cranfield Road
Brockley
London
SE4 1UG
Registered number
02485836
56 Cranfield Road Brockley Management Limited
Registered number: 02485836
Directors' Report
The directors present their report and accounts for the year ended 31 March 2016.
Principal activities
The company's principal activity during the year continued to be the management of residential flats.
Directors
The following persons served as directors during the year:
D P J Francis
D T French
S R Smith
Political and charitable donations
During the year, the company made no political contributions nor charitable donations.
Directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts 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 accounts 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 accounts, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the accounts 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 accounts 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.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 13 December 2016 and signed on its behalf.
D P J Francis
Director
56 Cranfield Road Brockley Management Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of 56 Cranfield Road Brockley Management Limited for the year ended 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 56 Cranfield Road Brockley Management Limited for the year ended 31 March 2016 which comprise of 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
icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.
Turner Burke Limited
Chartered Accountants
77 Avery Hill Road
New Eltham
London
SE9 2BJ
13 December 2016
56 Cranfield Road Brockley Management Limited
Profit and Loss Account
for the year ended 31 March 2016
Notes 2016 2015
£ £
Turnover 1,728 2,326
Administrative expenses (1,774) (2,245)
Operating (loss)/profit (46) 81
(Loss)/profit on ordinary activities before taxation (46) 81
Tax on (loss)/profit for the financial yeara - -
(Loss)/profit for the finanacial year (46) 81
56 Cranfield Road Brockley Management Limited
Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 3,507 3,507
Current assets
Debtors 3 569 461
Cash at bank and in hand 49 52
618 513
Creditors: amounts falling due within one year 4 (587) (436)
Net current assets 31 77
Net assets 3,538 3,584
Capital and reserves
Called up share capital 5 1,800 1,800
Profit and loss account 6 1,738 1,784
Shareholders' funds 3,538 3,584
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
D P J Francis
Director
Approved by the board on 13 December 2016
56 Cranfield Road Brockley Management Limited
Notes to the Accounts
for the year ended 31 March 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has not been provided on the value of the freehold as the directors believe that such a provision is not necessary.
2 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2015 3,507
At 31 March 2016 3,507
Depreciation
At 31 March 2016 -
Net book value
At 31 March 2016 3,507
At 31 March 2015 3,507
Freehold land and buildings: 2016 2015
£ £
Historical cost 3,507 3,507
Cumulative depreciation based on historical cost - -
3 Debtors 2016 2015
£ £
Other debtors 569 461
4 Creditors: amounts falling due within one year 2016 2015
£ £
Other creditors 587 436
5 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1,800 1,800 1,800
6 Profit and loss account 2016 2015
£ £
At 1 April 2015 1,784 1,703
(Loss)/profit for the year (46) 81
At 31 March 2016 1,738 1,784
7 Related party transactions 2016 2015
£ £
D P J Francis, D T French and S R Smith
Directors/Shareholders
That are no transactions that require disclosure.
8 Ultimate controlling party
The company is not controlled by any one of the directors/shareholders as they each hold an equal share.
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