6 Westcliffe Terrace Limited - Period Ending 2014-08-31

Registration number: 01946469

6 Westcliffe Terrace Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2014
 

Easterbrook Eaton Limited
  Chartered Accountants
  Cosmopolitan House
  Old Fore Street
  Sidmouth
  Devon
  EX10 8LS

6 Westcliffe Terrace Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
6 Westcliffe Terrace Limited
for the Year Ended 31 August 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 6 Westcliffe Terrace Limited for the year ended 31 August 2014 set out on pages 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of 6 Westcliffe Terrace 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 6 Westcliffe Terrace Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 6 Westcliffe Terrace Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 6 Westcliffe Terrace 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 profit of 6 Westcliffe Terrace Limited. You consider that 6 Westcliffe Terrace 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 6 Westcliffe Terrace 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.

............................................................

Easterbrook Eaton Limited
  Chartered Accountants
  Cosmopolitan House
  Old Fore Street
  Sidmouth
  Devon
  EX10 8LS

25 September 2014

Page 1

6 Westcliffe Terrace Limited
(Registration number: 01946469)
Abbreviated Balance Sheet at 31 August 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					20			20
Current assets
Debtors					105			53
Cash at bank and in hand					3,323			6,966
					3,428			7,019
Creditors: Amounts falling due within one year					(461)			(1,464)
Net current assets					2,967			5,555
Total assets less current liabilities					2,987			5,575
Provisions for liabilities					(2,820)			(5,410)
Net assets					167			165
Capital and reserves
Called up share capital		3			5			5
Profit and loss account					162			160
Shareholders' funds					167			165

For the year ending 31 August 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

Approved by the Board on 25 September 2014 and signed on its behalf by:

.........................................
Mr R G Spalding
Company secretary

.........................................
Ms M C Luff
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

6 Westcliffe Terrace Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts received from Tenants to cover maintenance and services to leaseholders.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation. less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Land and Buildings	Not Depreciated

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2013		20			20
At 31 August 2014		20			20
Depreciation
At 31 August 2014		-			-
Net book value
At 31 August 2014		20			20
At 31 August 2013		20			20

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		5			5			5			5

Page 3