Riverside Mill Estate Management Limited - Limited company accounts 16.3

REGISTERED NUMBER: 02905096 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2016

FOR

RIVERSIDE MILL ESTATE MANAGEMENT LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Miss S MacDowell

K Lovely

R Keymer

REGISTERED OFFICE:

Unit 9, Astra Centre

Edinburgh Way

Harlow

Essex

CM20 2BN

REGISTERED NUMBER:

02905096 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

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

DIRECTORS

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

report.

Miss S MacDowell

K Lovely

Other changes in directors holding office are as follows:

Ms A M Jaworowska - resigned 11th February 2016

R Keymer - appointed 1st June 2016

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 Keymer - Director

16th October 2017

INCOME

39,346

38,275

Service Charge Expenditure

35,861

24,193

OPERATING PROFIT

3,485

14,082

Interest receivable and similar income

45

11

PROFIT BEFORE TAXATION

3,530

14,093

Tax on profit

3

9

2

PROFIT FOR THE FINANCIAL YEAR

3,521

14,091

CURRENT ASSETS

Debtors

4

91,449

63,537

CREDITORS

Amounts falling due within one year

5

91,385

63,473

NET CURRENT ASSETS

64

TOTAL ASSETS LESS CURRENT
LIABILITIES

64

CAPITAL AND RESERVES

Called up share capital

6

64

SHAREHOLDERS' FUNDS

64

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 16th October 2017 and were signed on its behalf
by:

R Keymer - Director

1.	STATUTORY INFORMATION

Riverside Mill Estate Management 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.

Income

During the year the company received from lessees, as agent, monies relating to service charges and associated

income, which are held on trust and do not constitute turnover.

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31/12/16

31/12/15

£

Current tax:

UK corporation tax

9

2

Tax on profit

9

2

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/16

31/12/15

£

Trade debtors

15,455

1

Other debtors

480

Balances held by

Managing Agent

73,196

60,664

Prepayments

2,318

2,392

91,449

63,537

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/16

31/12/15

£

Trade creditors

4,564

282

Service Charge Surplus

32,082

28,561

Reserve Fund

52,893

32,815

Accrued expenses

1,846

1,815

91,385

63,473

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/16

31/12/15

value:

£

64

Ordinary

£1

64

7.

RESERVES

Retained

earnings

£

Profit for the year

3,521

Transfer (to)/from Service Charge
Account

(3,521

)

At 31st December 2016

-

8.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st December 2016 (2015 - Nil).

9.	FIRST YEAR ADOPTION

These financial statements are the first which the company has prepared in accordance with the provisions of

Financial Reporting Standard 102 (FRS 102), including those of Section 1A relating to "Small Entities". The

transition to FRS 102 has had no effect on any item included within the opening balance sheet of the comparative

period at 1st January 2015, the income statement for the comparative period ended 31st December 2015 or the

closing balance sheet of the comparative period at 31st December 2015.