Coronation Avenue (Management) Co Ltd - Limited company accounts 16.3

REGISTERED NUMBER: 02768125 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

FOR

CORONATION AVENUE (MANAGEMENT) COMPANY

LIMITED

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Miss P J Holmes

SECRETARY:

Arrow Leasehold Management Limited

REGISTERED OFFICE:

c/o Arrow Leasehold Management

CEME Innovation Centre

Marsh Way

Rainham

Essex

RM13 8EU

REGISTERED NUMBER:

02768125 (England and Wales)

ACCOUNTANTS:

Platt Rushton LLP

Chartered Accountants

Sutherland House

1759 London Road

Leigh on Sea

Essex

SS9 2RZ

The director presents her report with the financial statements of the company for the year ended 31st March 2017.

DIRECTORS

Miss P J Holmes has held office during the whole of the period from 1st April 2016 to the date of this report.

Other changes in directors holding office are as follows:

Miss J Berry - resigned 23rd January 2017

The Principal activity of the company in the year under review was that of the administration of variable service charges

as agents of the statutory trust for the residents of Coronation Court, 230-300 (evens) Coronation Avenue, East Tilbury.

Essex RM18 8TB.

The transactions in the year relate to the maintenance of the common parts in accordance with the lease. Service charges

collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the

provisions of section 42 of the Landlord and Tenant Act 1987.

See note 3 for current balance.

The managing agents have determined that the company is acting as principal in contracts with suppliers of goods and

services to the property.

Lessees can obtain detailed financial information concerning the service charges in separately prepared service charge

accounts available from Arrow Leasehold Management.

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:

Miss P J Holmes - Director

12th September 2017

TURNOVER

40,596

-

Cost of sales

40,596

-

GROSS PROFIT

-

-

OPERATING PROFIT and

PROFIT BEFORE TAXATION

-

-

Tax on profit

-

-

PROFIT FOR THE FINANCIAL YEAR

-

-

CURRENT ASSETS

Debtors

4

3,881

36

CREDITORS

Amounts falling due within one year

5

3,845

-

NET CURRENT ASSETS

36

36

TOTAL ASSETS LESS CURRENT LIABILITIES

36

36

CAPITAL AND RESERVES

Called up share capital

36

36

SHAREHOLDERS' FUNDS

36

36

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 12th September 2017 and were signed by:

Miss P J Holmes - Director

1.	STATUTORY INFORMATION

Coronation Avenue (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.

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.

Turnover

Turnover represent income from Service Charge Funds to defray expenses.

3.

BANK

Service Charge Funds are held at Barclays Bank. At the balance sheet date, balances reflected in service charge

accounts were: unpaid service charges due of £912 and bank balances of £19,716.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

3,881

36

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

2,573

-

Other creditors

1,272

-

3,845

-