Burn Hall Estates Management Limited - Limited company accounts 16.3

REGISTERED NUMBER: 03455621 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2016

FOR

BURN HALL ESTATES MANAGEMENT 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:

Mrs J A Garnett

R B Schalks

Mrs B Weston

Dr D Stoker

SECRETARY:

Town & City Secretaries Ltd

REGISTERED OFFICE:

2nd Floor

North Point

Faverdale North

Darlington

Co. Durham

DL3 0PH

REGISTERED NUMBER:

03455621 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

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

DIRECTORS

R B Schalks has held office during the whole of the period from 1st November 2015 to the date of this report.

Other changes in directors holding office are as follows:

Mrs J A Garnett - appointed 10th February 2016

D Hall - resigned 10th February 2016

R Patterson - resigned 10th February 2016

Mrs B Weston - appointed 10th February 2016

Dr D Stoker - appointed 10th February 2016

The liability of the Members is limited.

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:

Mrs J A Garnett - Director

15th February 2017

INCOME

51,529

59,382

Service charge expenditure

66,985

46,758

(15,456

)

12,624

Other operating income

500

-

OPERATING (LOSS)/PROFIT

2

(14,956

)

12,624

Interest receivable and similar income

24

19

(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION

(14,932

)

12,643

Tax on (loss)/profit on ordinary activities

3

5

2,346

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(14,937

)

10,297

CURRENT ASSETS

Debtors

4

34,571

28,645

CREDITORS

Amounts falling due within one year

5

34,543

28,617

NET CURRENT ASSETS

28

TOTAL ASSETS LESS CURRENT
LIABILITIES

28

CAPITAL AND RESERVES

Called up share capital

6

28

SHAREHOLDERS' FUNDS

28

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 15th February 2017 and were signed on its behalf
by:

Mrs J A Garnett - 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).

Income

During the year the company received monies, as agent, in respect of service charges and related income, which

are held on trust and do not constitute turnover.

Presentation of the profit and loss account

The presentation of the Profit and Loss Account on page 3 has been modified from the prescribed format for

Company accounts in order to provide more information to lessees and other parties who may be interested in the

expenditure incurred in the management of the property.

2.	OPERATING (LOSS)/PROFIT

The operating loss (2015 - operating profit) is stated after charging:

31/10/16

31/10/15

£

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

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

31/10/16

31/10/15

£

Current tax:

UK corporation tax

5

2,346

Tax on (loss)/profit on ordinary activities

5

2,346

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/16

31/10/15

£

Trade debtors

14,177

1,869

Other debtors

20,394

26,776

34,571

28,645

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/16

31/10/15

£

Trade creditors

29,251

2,270

Taxation and social security

4,060

2,342

Other creditors

1,232

24,005

34,543

28,617

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/16

31/10/15

value:

£

28

Ordinary

£1

28

7.

RESERVES

Profit

and loss

account

£

Deficit for the year

(14,937

)

Transfer (to)/from Service Charge
Account

14,937

At 31st October 2016

-

8.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st October 2016 (2015 - none).

9.	CAPITAL COMMITMENTS

31/10/16

31/10/15

£

Contracted but not provided for in the

financial statements

-

10.	RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such received income in the form of service charge from

residents, some of who are directors of the company. Service charges payable by the directors are on the same

basis as for all the other residents. No other transactions with related parties were undertaken such as are

required to be disclosed under the Financial Reporting Standard for Smaller Entities.