| WINCHESTER COURT FREEHOLD LIMITED |
| Registered number: |
01547357 |
| Directors' Report |
|
| The directors present their report and accounts for the year ended 31 December 2016. |
|
| Principal activities |
| The company was established (in the name of Winchester Court Lessees' Association Limited) to represent the interests of lessees of Winchester Court. In 1984 the Company secured the granting of 999 years leases to lessees and acquired the freehold of the block. Lessees, through the Company, control the management of their block, and the Company is able to express the collective view of lessees to external parties. |
|
| Directors |
| The following persons served as directors during the year: |
|
|
Dr S Sivzattian |
|
Mr M R Monk |
|
Lady D S Peat |
|
Mrs J S Casey (resigned 25/4/2016) |
|
Miss A E Kehoe |
|
Miss B Howard (appointed 12/10/2016) |
|
| Accountants |
| A resolution to re-appoint Messrs. L. H. Newman & Co. will be proposed at the Annual General Meeting. |
|
| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| This report was approved by the board on 18 July 2017 and signed on its behalf. |
|
|
|
|
|
| Dr S Sivzattian |
| Director |
|
| WINCHESTER COURT FREEHOLD LIMITED |
| Registered number: |
01547357 |
| Balance Sheet |
| as at 31 December 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2 |
|
|
2 |
|
| Current assets |
| Cash at bank and in hand |
|
|
70,480 |
|
|
70,480 |
|
| Creditors: amounts falling due within one year |
3 |
|
(75,173) |
|
|
(60,031) |
|
| Net current (liabilities)/assets |
|
|
|
(4,693) |
|
|
10,449 |
|
| Net (liabilities)/assets |
|
|
|
(4,691) |
|
|
10,451 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
93 |
|
|
93 |
| Profit and loss account |
|
|
|
(4,784) |
|
|
10,358 |
|
| Shareholders' funds |
|
|
|
(4,691) |
|
|
10,451 |
|
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
|
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
|
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies in accordance with those provisions. |
|
|
|
| Dr S Sivzattian |
| Director |
| Approved and authorised for issue by the board on 18 July 2017 |
|
| WINCHESTER COURT FREEHOLD LIMITED |
| Notes to the Accounts |
| for the year ended 31 December 2016 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover is attributable to the principal activities of the company, which acts as trustee of the Winchester Court Maintenance Fund. |
|
Tangible fixed assets |
|
|
The freehold interest in the property is stated at cost and it is not depreciated. |
|
|
Furniture, fittings and equipment are all fully depreciated. Therefore, no further depreciation is provided for in the accounts. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against other future taxable profits. Current tax assets and liabilities are not discounted. |
|
| 2 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Furniture, fittings and equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2016 |
1 |
|
3,683 |
|
3,684 |
|
At 31 December 2016 |
1 |
|
3,683 |
|
3,684 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2016 |
- |
|
3,682 |
|
3,682 |
|
At 31 December 2016 |
- |
|
3,682 |
|
3,682 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2016 |
1 |
|
1 |
|
2 |
|
At 31 December 2015 |
1 |
|
1 |
|
2 |
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2016 |
|
2015 |
| £ |
£ |
|
|
Other creditors |
75,173 |
|
60,031 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Other information |
|
|
WINCHESTER COURT FREEHOLD LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Winchester Court |
|
Vicarage Gate |
|
London |
|
W8 4AB |
