Melrose Place Management Company (No.2) - Dormant company accounts 17.1

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Melrose Place Management Company (No.2)

Limited

Page

Company Information

1

Report of the Director

2

Balance Sheet and Income Statement

3

Notes to the Financial Statements

4

Chartered Accountants' Report

5

DIRECTOR:

M Murray

SECRETARY:

Crabtree PM Limited

REGISTERED OFFICE:

Crabtree PM Limited

Marlborough House

298 Regents Park Road

London

N3 2UU

REGISTERED NUMBER:

02572670 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

The director presents her report with the financial statements of the company for the year ended 31 December 2016.

DIRECTOR

M Murray held office during the whole of the period from 1 January 2016 to the date of this report.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the management of 20-34 (evens) Melrose Place,

Watford, Herts, WD1 3LX. As part of the management of that property, service charges are collected from lessees to meet the

costs of managing and maintaining the property. Service charges are held in trust for the benefit of the lessees. Accordingly the

service charge income and expenditure is excluded from the company's accounts and separate service charge accounts are

prepared.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law

and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected

to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom

Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless she is

satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that

period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's

transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure that

the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company

and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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:

Crabtree PM Limited - Secretary

3 February 2017

CURRENT ASSETS

Debtors

3

8

TOTAL ASSETS LESS CURRENT
LIABILITIES

8

CAPITAL AND RESERVES

Called up share capital

8

SHAREHOLDERS' FUNDS

5

8

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 3 February 2017 and were signed by:

M Murray - Director

Income Statement

for the Year Ended 31 December 2016

During the financial year and the preceding financial year the company has not traded and has received no income and incurred no expenditure. Consequently, during those periods the company has made neither a profit nor a loss.

1.	STATUTORY INFORMATION

Melrose Place Management Company (No.2) Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation

The company acts as trustee of a statutory trust imposed on the service charge monies collected for maintenance of the

building, by virtue of s.42 Landlord and Tenant Act 1987. Interest is not liable to corporation tax, but is subject to income

tax at 20%.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Other debtors

8

4.	ULTIMATE CONTROLLING PARTY

The company has no ultimate controlling party.

5.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

2016

2015

£

Profit for the financial year

-

Opening shareholders' funds

8

Closing shareholders' funds

8

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

statements of Melrose Place Management Company (No.2) Limited for the year ended 31 December 2016 which comprise the

Income Statement, 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 Melrose Place Management Company (No.2) Limited in accordance with the terms of our engagement letter dated 18 February 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Melrose Place Management Company (No.2) Limited and state those matters that we have agreed to state to the director of Melrose Place Management Company (No.2) 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 Melrose Place Management Company (No.2) Limited director for our work or for this report.

It is your duty to ensure that Melrose Place Management Company (No.2) 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 Melrose Place Management Company (No.2) Limited. You consider that Melrose Place Management Company (No.2) 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 Melrose Place Management Company (No.2) 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.