C. H. Flats No. 2 (Wootton Bassett) Ltd - Limited company accounts 16.3

REGISTERED NUMBER: 01297274 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2016

for

C. H. Flats No. 2 (Wootton Bassett) Ltd

Page

Company Information

1

Report of the Directors

2

Income and Expenditure Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

M A Beevers

W Horne

V Masi

A B Regan

D W Thomas

SECRETARY:

V Masi

REGISTERED OFFICE:

Unit 1

Uffcott Farm

Uffcott

Swindon

Wiltshire

SN4 9NB

REGISTERED NUMBER:

01297274 (England and Wales)

The directors are pleased to present their annual report and financial statements for the year ended 30th June 2016

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of residential property management on behalf of

the tenants occupying Marlborough Court, Royal Wootton Bassett, Wiltshire

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2015 to the date of this report.

M A Beevers

W Horne

V Masi

A B Regan

D W Thomas

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:

V Masi - Director

31 December 2016

TURNOVER

23,220

21,135

Administrative expenses

25,668

14,902

(2,448

)

6,233

Other operating income

1,049

553

OPERATING (DEFICIT)/SURPLUS and

(DEFICIT)/SURPLUS ON ORDINARY
ACTIVITIES BEFORE TAXATION

2

(1,399

)

6,786

Tax on (deficit)/surplus on ordinary
activities

3

210

126

(DEFICIT)/SURPLUS FOR THE
FINANCIAL YEAR

(1,609

)

6,660

FIXED ASSETS

Intangible assets

4

7,200

Tangible assets

5

6,220

7,782

13,420

14,982

CURRENT ASSETS

Debtors

6

(220

)

2,394

Cash in hand

43,026

42,816

42,806

45,210

CREDITORS

Amounts falling due within one year

7

1,306

3,663

NET CURRENT ASSETS

41,500

41,547

TOTAL ASSETS LESS CURRENT
LIABILITIES

54,920

56,529

RESERVES

Revaluation reserve

8

7,200

Reserve for Major Repairs

8

23,806

20,806

Income and expenditure account

8

23,914

28,523

54,920

56,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its surplus or deficit for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

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 31 December 2016 and were signed on its behalf
by:

V Masi - 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 10% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	OPERATING (DEFICIT)/SURPLUS

The operating deficit (2015 - operating surplus) is stated after charging:

30.6.16

30.6.15

£

Depreciation - owned assets

1,562

1,773

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the deficit on ordinary activities for the year was as follows:

30.6.16

30.6.15

£

Current tax:

UK corporation tax

210

126

Tax on (deficit)/surplus on ordinary activities

210

126

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2015

and 30 June 2016

7,200

NET BOOK VALUE

At 30 June 2016

7,200

At 30 June 2015

7,200

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 July 2015

and 30 June 2016

5,420

24,271

29,691

DEPRECIATION

At 1 July 2015

3,758

18,151

21,909

Charge for year

542

1,020

1,562

At 30 June 2016

4,300

19,171

23,471

NET BOOK VALUE

At 30 June 2016

1,120

5,100

6,220

At 30 June 2015

1,662

6,120

7,782

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.16

30.6.15

£

Service Charge Debtors

(314

)

249

Other debtors

94

2,145

(220

)

2,394

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.16

30.6.15

£

Trade creditors

186

547

Taxation and social security

210

126

Other creditors

910

2,990

1,306

3,663

8.

RESERVES

Income

and

Reserve

expenditure

Revaluation

for Major

account

reserve

Repairs

Totals

£

At 1 July 2015

28,523

7,200

20,806

56,529

Deficit for the year

(1,609

)

(1,609

)

Transfer to Reserve

(3,000

)

-

3,000

-

At 30 June 2016

23,914

7,200

23,806

54,920