Riverside Gardens Hendon (Freehold) Limited - Period Ending 2016-12-31

Registration number: 03596885

Riverside Gardens Hendon (Freehold) Limited

Annual Report and Financial Statements

for the Year Ended 31 December 2016

Brooks Green Chartered Accountants Abbey House 342 Regents Park Road London N3 2LJ

Riverside Gardens Hendon (Freehold) Limited

Contents
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Company Information	1
Accountants' Report	2
Balance Sheet	3
Statement of Changes in Equity	4
Notes to the Financial Statements	5 to 6

Riverside Gardens Hendon (Freehold) Limited

Company Information
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Directors

J R Levinson R I Bernstein H M Solomon B D Melville M M Gold

Company secretary

R Aarons

Registered office

9 Riverside Gardens London N3 3GR

Accountants

Brooks Green Chartered Accountants Abbey House 342 Regents Park Road London N3 2LJ

Page 1

Chartered Accountants' Report to the Board of Directors on the Preparation of the Statutory Accounts of
Riverside Gardens Hendon (Freehold) Limited
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Riverside Gardens Hendon (Freehold) Limited for the year ended 31 December 2016 as set out on pages 3 to 6 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 at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Riverside Gardens Hendon (Freehold) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Riverside Gardens Hendon (Freehold) Limited and state those matters that we have agreed to state to the Board of Directors of Riverside Gardens Hendon (Freehold) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Riverside Gardens Hendon (Freehold) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Riverside Gardens Hendon (Freehold) 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 results of Riverside Gardens Hendon (Freehold) Limited. You consider that Riverside Gardens Hendon (Freehold) 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 Riverside Gardens Hendon (Freehold) 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.

Brooks Green Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

22 March 2017

Page 2

Riverside Gardens Hendon (Freehold) Limited

(Registration number: 03596885)
Balance Sheet as at 31 December 2016
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	Note	2016 £		2015 £
Fixed assets
Tangible assets	3		76,683		76,683
Current assets
Debtors	4	16,127		16,127
Cash at bank and in hand		165		165
			16,292		16,292
Net assets			92,975		92,975
Capital and reserves
Called up share capital		24		24
Other reserves		91,321		91,321
Profit and loss account		1,630		1,630
Total equity			92,975		92,975

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 21 March 2017 and signed on its behalf by:
 

J R Levinson

Director

The notes on pages 5 to 6 form an integral part of these financial statements.

Page 3

Riverside Gardens Hendon (Freehold) Limited

Statement of Changes in Equity for the Year Ended 31 December 2016
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	Share capital £	Other reserves £	Profit and loss account £	Total £
At 1 January 2016	24	91,321	1,630	92,975
At 31 December 2016	24	91,321	1,630	92,975

The notes on pages 5 to 6 form an integral part of these financial statements.

Page 4

Riverside Gardens Hendon (Freehold) Limited

Notes to the Financial Statements for the Year Ended 31 December 2016
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1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	0%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Page 5

Riverside Gardens Hendon (Freehold) Limited

Notes to the Financial Statements for the Year Ended 31 December 2016
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Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2	Profit/loss before tax

Arrived at after charging/(crediting)

2016 £

2015 £

3	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 January 2016	76,683	76,683
At 31 December 2016	76,683	76,683
Depreciation
Carrying amount
At 31 December 2016	76,683	76,683
At 31 December 2015	76,683	76,683

Included within the net book value of land and buildings above is £76,683 (2015 - £76,683) in respect of freehold land and buildings.
 

4

Debtors

	2016 £	2015 £
Other debtors	16,127	16,127
Total current trade and other debtors	16,127	16,127

Page 6