Landmark House Management (Leeds) Ltd Company Accounts

LANDMARK HOUSE MANAGEMENT (LEEDS) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04070071

Landmark House Management (Leeds) Ltd

Unaudited Financial Statements

31 December 2016

TAX GUIDANCE LTD

Chartered accountant

43 St Paul's Street

Leeds

LS1 2JG

Landmark House Management (Leeds) Ltd

Financial Statements

Year ended 31 December 2016

Contents	Pages

Officers and professional advisers	1

Directors' report	2 to 3

Statement of income and retained earnings	4

Statement of financial position	5

Notes to the financial statements	6 to 8

Landmark House Management (Leeds) Ltd

Officers and Professional Advisers

The board of directors	Mr M Dixon
	Mr M Black
	Mr J R Meesam
	Miss K L Wainwright

Registered office	32 Park Place
	Leeds
	LS1 2SP

Accountants	TAX GUIDANCE LTD
	Chartered accountant
	43 St Paul's Street
	Leeds
	LS1 2JG

Landmark House Management (Leeds) Ltd

Directors' Report

Year ended 31 December 2016

The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2016 .

Principal activities

The principal activity of the company during the year was the management and administration of the property situated at Landmark House, Park Place, Leeds on a non-profit making basis.

Directors

The directors who served the company during the year were as follows:

Mr M Dixon
Mr M Black
Mr J R Meesam
Miss K L Wainwright

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 31 January 2017 and signed on behalf of the board by:

Mr J R Meesam

Director

Registered office:

32 Park Place

Leeds

LS1 2SP

Landmark House Management (Leeds) Ltd

Statement of Income and Retained Earnings

Year ended 31 December 2016

	2016	2015
Note	£	£
Turnover	14,121	13,414

	---------	---------
Gross profit	14,121	13,414

Administrative expenses	6,096	20,726
	---------	---------
Operating profit/(loss)	8,025	( 7,312)

Other interest receivable and similar income	3	7
	---------	---------
Profit/(loss) before taxation	8,028	( 7,305)

Tax on profit/(loss)	–	–
	-------	-------
Profit/(loss) for the financial year and total comprehensive income	8,028	( 7,305)
	-------	-------

Retained earnings at the start of the year	3,636	10,941
	---------	---------
Retained earnings at the end of the year	11,664	3,636
	---------	---------

All the activities of the company are from continuing operations.

Landmark House Management (Leeds) Ltd

Statement of Financial Position

31 December 2016

	2016		2015
Note	£	£	£

Current assets

Debtors	5	387	387
Cash at bank and in hand		13,538	5,360
		---------	-------
		13,925	5,747

Creditors: amounts falling due within one year	6	2,247		2,097
		---------		-------
Net current assets			11,678	3,650
			---------	-------
Total assets less current liabilities			11,678	3,650
			---------	-------
Net assets			11,678	3,650
			---------	-------

Capital and reserves

Called up share capital	14	14
Profit and loss account	11,664	3,636
	---------	-------
Members funds	11,678	3,650
	---------	-------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 31 January 2017 , and are signed on behalf of the board by:

Mr J R Meesam

Director

Company registration number: 04070071

Landmark House Management (Leeds) Ltd

Notes to the Financial Statements

Year ended 31 December 2016

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 32 Park Place, Leeds, LS1 2SP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to Nil (2015: Nil).

5. Debtors

	2016	2015
	£	£
Other debtors	387	387
	----	----

6. Creditors: amounts falling due within one year

	2016	2015
	£	£
Trade creditors	1,647	1,261
Other creditors	600	836
	-------	-------
	2,247	2,097
	-------	-------

7. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under FRS102 Section 1A.

8. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.

No transitional adjustments were required in equity or profit or loss for the year.