ORWELL_QUAY_(IPSWICH)_MAN - Accounts

ORWELL QUAY (IPSWICH) MANAGEMENT COMPANY LIMITED - Company Information

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Company Registration No. 04628988 (England and Wales)

ORWELL QUAY (IPSWICH) MANAGEMENT COMPANY LIMITED

DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

ORWELL QUAY (IPSWICH) MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION

Directors

Mrs M D Claridge

Mr J Finnegan

Mrs B A Spraggons

(Appointed 13 February 2017)

Secretary

Cardinal House (Ipswich)

Company number

04628988

Registered office

Cardinal House

46 St Nicholas Street

Ipswich

Suffolk

IP1 1TT

Accountants

Ensors Accountants LLP

Cardinal House

46 St Nicholas Street

Ipswich

Suffolk

IP1 1TT

ORWELL QUAY (IPSWICH) MANAGEMENT COMPANY LIMITED

CONTENTS

Page

Directors' report

Balance sheet

Notes to the financial statements

ORWELL QUAY (IPSWICH) MANAGEMENT COMPANY LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 AUGUST 2016

- 1 -

The directors present their report and unaudited financial statements for the year ended 31 August 2016. The company is dormant and has not traded during the year.

Directors

The following directors have held office since 1 September 2015:

Mrs M D Claridge

Mr J Finnegan

Mr R McHugh

(Resigned 18 January 2017)

Mrs B A Spraggons

(Appointed 13 February 2017)

On behalf of the board

Mr J Finnegan

Director

26 April 2017

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2016

The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

ORWELL QUAY (IPSWICH) MANAGEMENT COMPANY LIMITED

BALANCE SHEET

AS AT

31 AUGUST 2016

- 2 -

2016

2015

Notes

Total assets less current liabilities

Capital and reserves

Shareholders' funds

Audit exemption statement

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 26 April 2017

Mr J Finnegan

Director

Company Registration No. 04628988

ORWELL QUAY (IPSWICH) MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Service charges

The company is responsible for the management of Orwell Quay (Ipswich) and collects service charges from lessees in order to fund expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees as required by the Landlord and Tenant Act 1987. Transactions relating to the management of the property are reported seperately to the lessees and are excluded from the companys financial statements.

Company limited by guarantee

The company is limited by guarantee and has no share capital. The liability of each member is limited

to £25.