Church House Drive Limited - Period Ending 2016-12-31
Church House Drive Limited - Period Ending 2016-12-31
Year Ended
Registration number:
Church House Drive Limited
Contents
|
Company Information |
|
|
Balance Sheet |
|
|
Notes to the Financial Statements |
Church House Drive Limited
Company Information
|
Directors |
Ms V Hadley Mr J R Kerslake |
|
Company secretary |
Ms V Hadley |
|
Registered office |
|
|
Accountants |
|
|
Page 1 |
Church House Drive Limited
Balance Sheet
31 December 2016
|
Note |
2016 |
2015 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net liabilities |
- |
( |
|
|
Capital and reserves |
|||
|
Profit and loss account |
- |
( |
|
|
Total equity |
- |
( |
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 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
These financial statements have been prepared and delivered 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
.........................................
Ms V Hadley
Director
Company Registration Number: 08804004
|
Page 2 |
Church House Drive Limited
Notes to the Financial Statements
Year Ended 31 December 2016
|
General information |
The company is a company limited by guarantee incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
|
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A and the Companies Act 2006.
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.
Change in basis of accounting
The company's financial statements have been prepared in accordance with FRS102 - the Financial Reporting Standard applicable in the UK and Republic of Ireland. The company has transferred from previously extant UK GAAP to FRS102 as at 1 January 2015. There is no material impact on the reported financial position and financial performance.
Going concern
The financial statements have been prepared on a going concern basis.
The directors have confirmed they will not withdraw the support of their loan until their are sufficient funds available to do so.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
|
Page 3 |
Church House Drive Limited
Notes to the Financial Statements
Year Ended 31 December 2016
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Freehold land and buildings |
nil depreciation |
The land is held for use by the residents of Church House Drive who maintain it. No depreciation is therefore charged in relation to the land.
Financial instruments
Classification
• Short term other creditors;
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
|
Page 4 |
Church House Drive Limited
Notes to the Financial Statements
Year Ended 31 December 2016
|
Tangible assets |
|
Land and buildings |
Total |
|
|
Cost or valuation |
||
|
At 1 January 2016 |
|
|
|
At 31 December 2016 |
|
|
|
Carrying amount |
||
|
At 31 December 2016 |
|
|
|
At 31 December 2015 |
|
|
Included within the net book value of land and buildings above is £3,695 (2015 - £3,695) in respect of freehold land and buildings.
|
Creditors |
|
2016 |
2015 |
|
|
Due within one year |
||
|
Other creditors |
|
|
|
Accrued expenses |
|
|
|
|
|
|
Page 5 |