Villiers Court Residents Co Ltd - Limited company accounts 16.3

Villiers Court Residents Co Ltd - Limited company accounts 16.3

VILLIERS COURT RESIDENTS CO. LIMITED - Company Information

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REGISTERED NUMBER: 01063271


















REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2016

FOR

VILLIERS COURT RESIDENTS CO. LIMITED

VILLIERS COURT RESIDENTS CO. LIMITED (REGISTERED NUMBER: 01063271)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2016




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 6


VILLIERS COURT RESIDENTS CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 SEPTEMBER 2016







DIRECTORS: T J Pimm
T Probert
D R Duncanson
R Price
Ms R Traynor





SECRETARY: Mortimer Secretaries Limited





REGISTERED OFFICE: JM Estates
Bagshot Road
Bracknell
Berkshire
RG12 9SE





REGISTERED NUMBER: 01063271





ACCOUNTANTS: Kirk Rice LLP
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP
Page 1
VILLIERS COURT RESIDENTS CO. LIMITED (REGISTERED NUMBER: 01063271)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 29 SEPTEMBER 2016

The directors present their report with the financial statements of the company for the year ended 29 September 2016.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the holding of the freehold property Villiers Court,
Maidenhead Road, Windsor, Berkshire, SL4 5ED. The company is also responsible for the administration of variable service charges
as agents of the statutory trust for the lessees of the freehold property.

The company has ground rent receivable for the freehold it owns. Service charges collected are held on trust for the purpose of
meeting the relevant costs in relation to the property in accordance with the provision of section 42 of the Landlord and Tenant Act
1987.

DIRECTORS
The directors shown below have held office during the whole of the period from 30 September 2015 to the date of this report.

T J Pimm
T Probert
D R Duncanson

Other changes in directors holding office are as follows:

Ms K L Cupper - resigned 22 February 2016
R Price - appointed 22 February 2016
Ms R Traynor - appointed 22 February 2016

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

ON BEHALF OF THE BOARD:





J Peace, on behalf of
Mortimer Secretaries Limited - Secretary


21 June 2017

Page 2
VILLIERS COURT RESIDENTS CO. LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
VILLIERS COURT RESIDENTS CO. LIMITED


As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 September 2016 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Kirk Rice LLP
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP


21 June 2017

This page does not form part of the statutory financial statements

Page 3
VILLIERS COURT RESIDENTS CO. LIMITED (REGISTERED NUMBER: 01063271)

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 29 SEPTEMBER 2016

2016 2015
Notes £    £   

TURNOVER 900 900

Administrative expenses (120 ) (120 )
OPERATING PROFIT and
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION
2
780
780

Tax on profit on ordinary activities 3 (156 ) (156 )
PROFIT FOR THE FINANCIAL YEAR 624 624

The notes form part of these financial statements

Page 4
VILLIERS COURT RESIDENTS CO. LIMITED (REGISTERED NUMBER: 01063271)

BALANCE SHEET
29 SEPTEMBER 2016

2016 2015
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,227 3,227

CURRENT ASSETS
Debtors 5 3,967 3,343

CREDITORS
Amounts falling due within one year 6 (501 ) (501 )
NET CURRENT ASSETS 3,466 2,842
TOTAL ASSETS LESS CURRENT
LIABILITIES
6,693
6,069

CAPITAL AND RESERVES
Called up share capital 7 20 20
Profit and loss account 8 6,673 6,049
SHAREHOLDERS' FUNDS 6,693 6,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable
to the company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 19 June 2017 and were signed on its behalf by:





T J Pimm - Director


The notes form part of these financial statements

Page 5
VILLIERS COURT RESIDENTS CO. LIMITED (REGISTERED NUMBER: 01063271)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2016

1. ACCOUNTING POLICIES

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

Turnover
Turnover represents ground rent levied to the lessees of the company's freehold. This company is not registered for VAT.

Service charges
The company is responsible for the management of Villiers Court 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
separately to the lessees and are excluded from the company's financial statements.

Tangible fixed assets
Freehold buildings are depreciated to write down the cost less estimated residual value over the remaining useful life by
equal instalments. Where buildings are maintained to such a standard that their estimated residual value is not less than their
cost or valuation, no depreciation is charged as it is not material.

2. OPERATING PROFIT

The operating profit is stated after charging:

2016 2015
£    £   

Directors' remuneration and other benefits etc - -

3. TAXATION

Analysis of the tax charge
The tax charge on the profit on ordinary activities for the year was as follows:
2016 2015
£    £   
Current tax:
UK corporation tax 156 156
Tax on profit on ordinary activities 156 156

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 30 September 2015
and 29 September 2016 3,227
NET BOOK VALUE
At 29 September 2016 3,227
At 29 September 2015 3,227

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Ground rent arrears 350 100
Other debtors 3,617 3,243
3,967 3,343

Page 6 continued...
VILLIERS COURT RESIDENTS CO. LIMITED (REGISTERED NUMBER: 01063271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Tax 156 156
Deferred ground rent 225 225
Accrued expenses 120 120
501 501

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
20 Ordinary shares £ 1 20 20

8. RESERVES
Profit
and loss
account
£   

At 30 September 2015 6,049
Profit for the year 624
At 29 September 2016 6,673

Page 7