Onslow Court Management (Richmond) Limited - Period Ending 2016-12-31

Registration number: 01652570

Onslow Court Management (Richmond) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2016

Onslow Court Management (Richmond) Limited

Directors' Report for the Year Ended 31 December 2016

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

Directors of the company

The directors who held office during the year were as follows:

J Bell

F Bourne

R Jayaswal

N S Sharif

Ms Julie Evans

Principal activity

The principal activity of the company is holding and maintaining the freehold property at 63 Onslow Road, Richmond on behalf of the leaseholders

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 14 June 2017 and signed on its behalf by:

.........................................
J Bell
Company secretary

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Onslow Court Management (Richmond) Limited

Statement of Income and Retained Earnings for the Year Ended 31 December 2016

	Note	2016 £	2015 £
Turnover		3,618	13,801
Administrative expenses		(3,630)	(13,814)
Operating loss		(12)	(13)
Other interest receivable and similar income		12	13
		12	13
Profit/(loss) before tax		-	-
Profit/(loss) for the financial year		-	-
Retained earnings brought forward		-	-
Retained earnings carried forward		-	-

The notes on page 4 form part of these financial statements.

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Onslow Court Management (Richmond) Limited

(Registration number: 01652570)
Balance Sheet as at 31 December 2016

	Note	2016 £	2015 £
Current assets
Cash at bank and in hand		1,873	1,892
Creditors: Amounts falling due within one year	3	(1,775)	(1,794)
Net assets		98	98
Capital and reserves
Called up share capital		98	98
Total equity		98	98

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 14 June 2017 and signed on its behalf by:
 

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

J Bell

Director

The notes on page 4 form part of these financial statements.

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Onslow Court Management (Richmond) Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
63 Onslow Road
Richmond
Surrey
TW10 6QA

These financial statements were authorised for issue by the Board on 14 June 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. This is the first year in which the financial statements have been prepared under FRS 102. No material differences arise from this transition and accordingly no restatement has been required to net equity at the date of transition or at the last year end, or the result for the year then ended.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Turnover

Turnover represents service charges receivable from the leaseholders, all of whom are shareholders, during the year.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Creditors

	Note	2016 £	2015 £
Due within one year
Other creditors		1,775	1,794

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