PLATEMARK_LIMITED - Accounts
PLATEMARK_LIMITED - Accounts
Company Registration No. 01289107 (England and Wales)
FOR THE YEAR ENDED 31 MAY 2016
COMPANY INFORMATION
Directors
Secretary
Company number
Registered office
Accountants
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MAY 2016
- 1 -
The directors present their report and unaudited financial statements for the year ended 31 May 2016. The company is dormant and has not traded during the year.
Directors
The following directors have held office since 1 June 2015:
On behalf of the board
Director
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MAY 2016
The company has not traded during the year. During the year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PLATEMARK LIMITED FOR THE YEAR ENDED 31 MAY 2016
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Platemark Limited for the year ended 31 May 2016 set out on pages 3 to 4 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 http://www.icaew.com/en/members/regulations-standards-and-guidance/.
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 http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Platemark 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 financial statements of Platemark Limited and state those matters that we have agreed to state to the Board of Directors of Platemark 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 Platemark Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Platemark 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 loss of Platemark Limited. You consider that Platemark 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 Platemark 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.
Myers Clark
Chartered Accountants
BALANCE SHEET
AS AT
31 MAY 2016
- 3 -
2016
2015
as restated
Notes
£
£
Current assets
Debtors
2
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Shareholders' funds
Audit exemption statement
Directors' responsibilities:
-
-
Approved by the Board and authorised for issue on 5 May 2017
Director
Company Registration No. 01289107
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
- 4 -
1
Accounting policies
1.1
Accounting convention
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
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.4
Status
During the year the company has acted as agent for the lessees of the property at 3 Belsize Park Gardens, London NW3 4LB . The funds in relation to the maintenance of the property are held in trust. As at 31 May 2016 the cash balance held on behalf of the lessees amounted to £37,954.
The Company therefore has no income or expenditure in its own right in relation to the maintenance of the common parts of the property held in accordance with the governing leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and not filed at Companies House. The accounts can be obtained from Platemark Limited.
2
Debtors
2016
2015
£
£
Other debtors
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
4
Prior year adjustment
It was resolved that the service charge assets and associated liabilities in relation to the maintenance of the property governed by the lease should be held in trust and therefore reported separately from the statutory company accounts.
On this basis, a prior year adjustment has been made to strip out the amounts which relate to the service charge fund, as a result:
- Current assets due within one year amounting to £4,834 have been transferred to reduce the balance previous reported of £5,014 at 1 June 2015 to a balance of £180; and
- Creditors due within one year have been reduced from £4,834 brought forward at 1 June 2015 to £nil.