Heathview Court (Corringway) Mgt Co Ltd - Limited company accounts 16.3

REGISTERED NUMBER: 03126892 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

HEATHVIEW COURT (CORRINGWAY) MANAGEMENT

COMPANY LIMITED

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

R Ekaireb

G H Edwards

A J Bernstein

P J Cooklin

SECRETARY:

P Cooklin

REGISTERED OFFICE:

Unit 7

Astra Centre

Edinburgh Way

Harlow

Essex

CM20 2BN

REGISTERED NUMBER:

03126892 (England and Wales)

ACCOUNTANTS:

Websters

12 Melcombe Place

Marylebone

London

NW1 6JJ

The directors present their report with the financial statements of the company for the year ended 31 December 2016.

PRINCIPAL ACTIVITY

The company's principal activities comprise the control, supervision and management, on behalf of the lessees, of the

site known as Heathview Court, Corringway, London NW11 7EF. Heathview Court (Corringway) Management Company

Limited owns the reversionary freehold interest.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2016 to the date of this report.

R Ekaireb

G H Edwards

Other changes in directors holding office are as follows:

A S Roth - resigned 17 May 2016

A J Bernstein - appointed 12 December 2016

P J Cooklin - appointed 23 May 2016

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with

applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors

have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not

approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the

company and of the profit or loss of the company for that period. In preparing these financial statements, the directors

are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company and

enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for

safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud

and other irregularities.

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:

P J Cooklin - Director

5 September 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Heathview Court (Corringway) Management Company Limited for the year ended

31 December 2016 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Heathview Court (Corringway) Management Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Heathview Court (Corringway) Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Heathview Court (Corringway) Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heathview Court (Corringway) Management Company Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Heathview Court (Corringway) Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Heathview Court (Corringway) Management Company Limited. You consider that Heathview Court (Corringway) Management Company 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 financial statements of Heathview Court (Corringway) Management Company 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 financial statements.

Websters

12 Melcombe Place

Marylebone

London

NW1 6JJ

5 September 2017

TURNOVER

-

-

OPERATING PROFIT and

PROFIT BEFORE TAXATION

4

-

-

Tax on profit

5

-

-

PROFIT FOR THE FINANCIAL YEAR

-

-

FIXED ASSETS

Tangible assets

6

-

-

CURRENT ASSETS

Debtors

7

49

49

TOTAL ASSETS LESS CURRENT LIABILITIES

49

49

CAPITAL AND RESERVES

Called up share capital

48

48

Capital redemption reserve

1

1

SHAREHOLDERS' FUNDS

49

49

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

The financial statements were approved by the Board of Directors on 5 September 2017 and were signed on its behalf by:

P J Cooklin - Director

1.	STATUTORY INFORMATION

Heathview Court (Corringway) Management Company Limited is a private company, limited by shares ,

registered in England and Wales. The company's registered number and registered office address can be found

on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006.

Service charge funds

The company receives contributions towards property outgoings from the lessees ('service charge funds').

However, as set out in Section 42 of The Landlord & Tenant Act 1987, the company holds these funds in trust for

the lessees and, therefore, it is the directors' opinion that these contributions should not be reflected in the

company's accounts.

3.	EMPLOYEES AND DIRECTORS

There were no employees during the year.

4.	OPERATING PROFIT

The directors received no remuneration in respect of their services to the company for the year.

5.

TAXATION

Service charge funds are held by the company in trust for the tenants and hence any income tax chargeable at

the rate applicable to such trusts is not reflected in these accounts.

6.	TANGIBLE FIXED ASSETS

The company owns the reversionary freehold interest in Heathview Court, Corringway, London NW11 7EF which

was purchased at £Nil consideration. In the directors' opinion the property does not qualify as an Investment

Property as defined by the provisions of Section 16 of FRS102 as the property is held for administrative

purposes and as no rentals are being earned. Therefore the property is held on the balance sheet at £Nil, being

the cost to the company of the freehold interest.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other debtors

49

49

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by a voting majority of its shareholders and accordingly there is no controlling related

party.