47/60 Cheniston Gardens Limited - Limited company accounts 16.3

REGISTERED NUMBER: 01770915 (England and Wales)

Report of the Directors and

Financial Statements

for the Year Ended 31 March 2017

for

47/60 CHENISTON GARDENS LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

Reconciliation of Equity

7

Reconciliation of Profit

9

DIRECTORS:

I Al Ansari

A k Karim

A Nuseibeh

M Al Sheikh

T Roig

R L Evans

A Whitton

SECRETARY:

J Bolger FCCA

REGISTERED OFFICE:

Milton House

33a Milton Road

Hampton

Middlesex

TW12 2LL

REGISTERED NUMBER:

01770915 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

Milton House

33a Milton Road

Hampton

Middlesex

TW12 2LL

The directors present their report with the financial statements of the company for the year ended 31 March 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of acquiring the freehold property known as

47-60 Cheniston Gardens in the Royal Borough of Kensington and Chelsea and to control, supervise, maintain and

manage the same for the benefit of the lessees of the residential flats comprised therein.

DIRECTORS

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

I Al Ansari

A k Karim

A Nuseibeh

M Al Sheikh

T Roig

R L Evans

A Whitton

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:

R L Evans - Director

14 September 2017

TURNOVER

-

-

OPERATING PROFIT and

PROFIT BEFORE TAXATION

-

-

Tax on profit

-

-

PROFIT FOR THE FINANCIAL YEAR

-

-

FIXED ASSETS

Tangible assets

3

35,418

35,418

CREDITORS

Amounts falling due within one year

4

(10,418

)

(10,418

)

NET CURRENT LIABILITIES

(10,418

)

(10,418

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,000

25,000

CAPITAL AND RESERVES

Called up share capital

5

25,000

25,000

SHAREHOLDERS' FUNDS

25,000

25,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 14 September 2017 and were signed on its behalf by:

R L Evans - Director

1.	STATUTORY INFORMATION

47/60 Cheniston Gardens 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.

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. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

The company has charged no depreciation in respect of Freehold property. The Company policy is to maintain

the building to a high standard. So, a depreciation charge would not present a true and fair view.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2016

and 31 March 2017

35,418

NET BOOK VALUE

At 31 March 2017

35,418

At 31 March 2016

35,418

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

10,418

10,418

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

25,000

Ordinary

1

25,000

25,000

6.	FIRST YEAR ADOPTION

The company had adopted Section 1A ''Small Entities'' of FRS 102 for the first time in the period ended 31 March

2017.

FIXED ASSETS

Tangible assets

3

35,418

-

35,418

CREDITORS

Amounts falling due within one year

4

(10,418

)

-

(10,418

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,000

-

25,000

NET ASSETS

25,000

-

25,000

CAPITAL AND RESERVES

Called up share capital

5

25,000

-

25,000

SHAREHOLDERS' FUNDS

25,000

-

25,000

FIXED ASSETS

Tangible assets

3

35,418

-

35,418

CREDITORS

Amounts falling due within one year

4

(10,418

)

-

(10,418

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,000

-

25,000

NET ASSETS

25,000

-

25,000

CAPITAL AND RESERVES

Called up share capital

5

25,000

-

25,000

SHAREHOLDERS' FUNDS

25,000

-

25,000

TURNOVER

-

-

-

OPERATING PROFIT

-

-

-

and

PROFIT BEFORE TAXATION

-

-

-

Tax on profit

-

-

-

PROFIT FOR THE FINANCIAL YEAR

-

-

-