Chelmsford Court Management Company Limi - Limited company accounts 16.3

REGISTERED NUMBER: 01630039 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

CHELMSFORD COURT MANAGEMENT COMPANY

LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Accountants

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

J Berry

Mrs J A M Dennison

J M Kalliala

L Fielker

SECRETARY:

Mortimer Secretaries Limited

REGISTERED OFFICE:

JM Estates

Bagshot Road

Bracknell

Berkshire

RG12 9SE

REGISTERED NUMBER:

01630039 (England and Wales)

ACCOUNTANTS:

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

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 the holding of the freehold property Chelmsford Court,

Alma Road, Windsor, Berkshire, SL4 3EZ. The company is also responsible for the administration of variable service charges as

agents of the statutory trust for the lessees of the freehold property.

The company has no income or expenditure in its own right, all transactions in the year being related to the maintenance of the

common parts in accordance with the lease. Service charges collected are held on trust for the purpose of meeting the relevant costs in

relation to the property in accordance with the provision of section 42 of the Landlord and Tenant Act 1987.

DIRECTORS

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

J Berry

Mrs J A M Dennison

Other changes in directors holding office are as follows:

C L C Brain - resigned 9 June 2015

J M Kalliala - appointed 9 November 2015

L Fielker - appointed 9 November 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:

J Peace, for and on behalf of

Mortimer Secretaries Limited - Secretary

14 February 2017

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2016 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

16 February 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

62,776

CURRENT ASSETS

Debtors

5

8

NET CURRENT ASSETS

8

TOTAL ASSETS LESS CURRENT
LIABILITIES

62,784

CAPITAL AND RESERVES

Called up share capital

6

8

Other reserves

7

62,776

SHAREHOLDERS' FUNDS

62,784

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 14 February 2017 and were signed on its behalf by:

J Berry - 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.

Service charges

The company is responsible for the management of Chelmsford Court and collects service charges from lessees in order to

fund expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees as

required by the Landlord and Tenant Act 1987. Transactions relating to the management of the property are reported

separately to the lessees and are excluded from the company's financial statements.

Tangible fixed assets

Freehold buildings are depreciated to write down the cost less estimated residual value over the remaining useful life by

equal instalments. Where buildings are maintained to such a standard that their estimated residual value is not less than their

cost or valuation, no depreciation is charged as it is not material.

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

Land and

buildings

£

COST

At 1 June 2015

and 31 May 2016

62,776

NET BOOK VALUE

At 31 May 2016

62,776

At 31 May 2015

62,776

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Other debtors

8

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

8

Ordinary

£1

8

7.

RESERVES

Profit

and loss

Other

account

reserves

Totals

£

At 1 June 2015

-

62,776

Profit for the year

-

At 31 May 2016

-

62,776