| Avon Richmond Flats Limited |
| Registered number: |
02393970 |
| Directors' Report |
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| The directors present their report and accounts for the year ended 31 December 2016. |
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| Principal activities |
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| The company was formed for the purpose of purchasing the freehold of Avon Flats, Richmond Road, Crosby and to enable the flat owners to mutually fund the company to provide the necessary funds to maintain the building and pay the ongoing resultant expenses. |
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| Directors |
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| The following persons served as directors during the year: |
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Miss. G. Watts decd. Chairman |
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Mr. P. S. Cassidy Treasurer |
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Mr. S. J Redman |
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Mr. S. Forsyth, the Company Secretary, also served as a board member during the year. |
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| Small company provisions |
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| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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| This report was approved by the board on 13 March 2017 |
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| Mr. S. Forsyth |
| Company Secretary |
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| Registered office :- |
| 166 Linacre Road |
| Litherland |
| Liverpool L21 8JU |
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| Avon Richmond Flats Limited |
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| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Avon Richmond Flats Limited for the year ended 31 December 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Avon Richmond Flats Limited for the year ended 31 December 2016 which comprise of 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Avon Richmond Flats Limited, as a body, in accordance with the terms of our engagement letter dated 2 April 2006. Our work has been undertaken solely to prepare for your approval the accounts of Avon Richmond Flats Limited and state those matters that we have agreed to state to the Board of Directors of Avon Richmond Flats Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Avon Richmond Flats Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Avon Richmond Flats Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Avon Richmond Flats Limited. You consider that Avon Richmond Flats 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 accounts of Avon Richmond Flats 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 accounts. |
|
| Neil Wright & Co |
| Chartered Accountants |
| 166 Linacre Road |
| Litherland |
| Liverpool |
| Merseyside |
| L21 8JU |
|
| 13 March 2017 |
|
| Avon Richmond Flats Limited |
| Registered number: |
02393970 |
| Balance Sheet |
| as at 31 December 2016 |
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| Notes |
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2016 |
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2015 |
| £ |
£ |
| Fixed assets |
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| Tangible assets |
2 |
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12,057 |
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|
12,057 |
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| Current assets |
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| Debtors |
3 |
|
5,396 |
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|
4,906 |
| Cash at bank and in hand |
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15,186 |
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11,374 |
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20,582 |
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16,280 |
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| Creditors: amounts falling due within one year |
4 |
|
(510) |
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(620) |
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| Net current assets |
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|
20,072 |
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|
15,660 |
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| Net assets |
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32,129 |
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27,717 |
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| Capital and reserves |
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| Called up share capital |
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36 |
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36 |
| Share premium |
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16,205 |
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16,205 |
| Profit and loss account |
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15,888 |
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11,476 |
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| Shareholders' funds |
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32,129 |
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27,717 |
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| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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| Mr. P. S. Cassidy |
| Director |
| Approved by the board on 13 March 2017 |
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| Avon Richmond Flats Limited |
| Notes to the Accounts |
| for the year ended 31 December 2016 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
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Turnover |
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Turnover represents the contributions received from memebers and rents received from the letting of garages. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost and represent the freehold originally purchased by the company. This freehold land is not depreciated. |
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| 2 |
Tangible fixed assets |
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Land and buildings |
| £ |
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Cost |
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At 1 January 2016 |
12,057 |
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At 31 December 2016 |
12,057 |
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Depreciation |
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At 31 December 2016 |
- |
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Net book value |
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At 31 December 2016 |
12,057 |
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At 31 December 2015 |
12,057 |
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| 3 |
Debtors |
2016 |
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2015 |
| £ |
£ |
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Members contributions outstanding |
1,760 |
|
1,126 |
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Other debtors (prepaid insurance) |
3,636 |
|
3,780 |
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| 4 |
Creditors: amounts falling due within one year |
2016 |
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2015 |
| £ |
£ |
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Corporation tax |
- |
|
92 |
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Other creditors (accrued expenses) |
510 |
|
528 |
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| 5 |
Controlling party |
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The activities of the company are controlled by the board members. |
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| 6 |
Other information |
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Avon Richmond Flats Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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166 Linacre Road |
|
Litherland |
|
Liverpool |
|
L21 8JU |
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| 7 |
Property repairs and maintenance |
2016 |
|
2015 |
| £ |
£ |
|
Specialist Trade Frames Ltd - doors and windows |
4,222 |
|
Paul Burke |
|
Garage and gutter facia work |
5,075 |
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Roof maintenance |
180 |
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Garage repairs |
560 |
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Upgrade external lighting |
1,835 |
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Installation of rear door |
1,565 |
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Other |
102 |
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EFT Systems - door entry maintenance |
131 |
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Garage door lock |
86 |
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George Gardens - tree maintenance |
1,675 |
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Rigby Electrical Ltd |
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Alarm and door entry maintenance |
484 |
|
193 |
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Garage door keys,door repairs and sundry items |
243 |
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Sundry other items |
110 |
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6,542 |
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9,919 |
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