Moreland Estate Property Management (JR) - Abbreviated accounts 16.3

REGISTERED NUMBER: 08521224 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

MORELAND ESTATE PROPERTY MANAGEMENT (JR)

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTOR:

J Tamele Redway

REGISTERED OFFICE:

5 Sentinel Square

Hendon

London

NW4 2EL

REGISTERED NUMBER:

08521224 (England and Wales)

ACCOUNTANTS:

The Paris Partnership LLP

Chartered Accountants

Russell House

140 High Street

Edgware

Middlesex

HA8 7LW

FIXED ASSETS

Tangible assets

2

785

144

CURRENT ASSETS

Debtors

35,663

25,226

Cash at bank and in hand

21,791

3,336

57,454

28,562

CREDITORS

Amounts falling due within one year

(46,782

)

(32,004

)

NET CURRENT ASSETS/(LIABILITIES)

10,672

(3,442

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,457

(3,298

)

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

11,257

(3,498

)

SHAREHOLDERS' FUNDS

11,457

(3,298

)

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 director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 February 2017 and were signed by:

J Tamele Redway - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents invoiced fees for the management of various properties.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Going concern

The financial statements have been prepared under the going concern basis, which the director and shareholders

deem to be appropriate due to their ongoing and continued support.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

432

Additions

1,177

At 31 May 2016

1,609

DEPRECIATION

At 1 June 2015

288

Charge for year

536

At 31 May 2016

824

NET BOOK VALUE

At 31 May 2016

785

At 31 May 2015

144

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary 'A'

1

100

100

100

Ordinary 'B'

1

100

100

200

200

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2016 and

31 May 2015:

2016

2015

£

£

J Tamele Redway

Balance outstanding at start of year

4,818

(4

)

Amounts advanced

10,874

4,822

Amounts repaid

(5,295

)

-

Balance outstanding at end of year

10,397

4,818

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Moreland Estate Property Management (JR) Limited for the year ended 31 May 2016 which

comprise 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Moreland Estate Property Management (JR) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Moreland Estate Property Management (JR) Limited and state those matters that we have agreed to state to the director of Moreland Estate Property Management (JR) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moreland Estate Property Management (JR) Limited director for our work or for this report.

It is your duty to ensure that Moreland Estate Property Management (JR) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Moreland Estate Property Management (JR) Limited. You consider that Moreland Estate Property Management (JR) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Moreland Estate Property Management (JR) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Paris Partnership LLP

Chartered Accountants

Russell House

140 High Street

Edgware

Middlesex

HA8 7LW

28 February 2017