55 Gloucester Drive Company Limited - Limited company accounts 16.3

REGISTERED NUMBER: 06902937 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 May 2016

for

55 Gloucester Drive Company Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Ms L Dainty

Ms S J Fernau

Ms L Meadows

Mr A Taylor

Ms D Dolman

SECRETARY:

Mr A Taylor

REGISTERED OFFICE:

55 Gloucester Drive

London

N4 2LJ

REGISTERED NUMBER:

06902937 (England and Wales)

ACCOUNTANTS:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

The directors present their report with the financial statements of the company for the year ended 31 May 2016.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a residents management company. The

company also holds the freehold title to 55 Gloucester Drive, London N4 2LJ.

DIRECTORS

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

Ms L Dainty

Ms S J Fernau

Ms L Meadows

Mr A Taylor

Other changes in directors holding office are as follows:

Ms E Beament - resigned 6 August 2015

Ms D Dolman - appointed 27 August 2015

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:

Ms L Meadows - Director

23 January 2017

TURNOVER

-

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

-

Tax on profit on ordinary activities

3

-

PROFIT FOR THE FINANCIAL YEAR

-

FIXED ASSETS

Tangible assets

4

63,000

CURRENT ASSETS

Debtors

5

NET CURRENT ASSETS

5

TOTAL ASSETS LESS CURRENT
LIABILITIES

63,005

CAPITAL AND RESERVES

Called up share capital

6

5

Other reserves

7

63,000

SHAREHOLDERS' FUNDS

63,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 profit or loss 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 23 January 2017 and were signed on its behalf by:

Ms L Meadows - 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).

The company was dormant throughout the current year and previous year.

Tangible fixed assets

Depreciation has not been provided on the freehold as the directors are of the view that its value will not

diminish.

2.	OPERATING PROFIT

The operating profit is stated after charging:

2016

2015

£

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 May 2016 nor for the year

ended 31 May 2015.

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 June 2015

and 31 May 2016

63,000

NET BOOK VALUE

At 31 May 2016

63,000

At 31 May 2015

63,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Called up share capital not paid

5

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

5

Ordinary

£1

5

7.

RESERVES

Profit

and loss

Other

account

reserves

Totals

£

At 1 June 2015

-

63,000

Profit for the year

-

At 31 May 2016

-

63,000

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is held equally with the board of directors.