Farrans Court Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02023483 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Farrans Court Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J Lowndes

Mr I Shaikh

Mr S M Kelly

REGISTERED OFFICE:

Broom House

39/43 London Road

Hadleigh

Benfleet

Essex

SS7 2QL

REGISTERED NUMBER:

02023483 (England and Wales)

ACCOUNTANTS:

BPSL

Brooms Professional Services Limited

Chartered Certified Accountants

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

FIXED ASSETS

Tangible assets

3

22,500

22,500

CURRENT ASSETS

Debtors

4

3,861

4,805

Cash at bank

4,633

15,963

8,494

20,768

CREDITORS

Amounts falling due within one year

5

1,777

4,157

NET CURRENT ASSETS

6,717

16,611

TOTAL ASSETS LESS CURRENT LIABILITIES

29,217

39,111

RESERVES

Repairs and redecoration reserve

6

22,500

22,500

Income and expenditure account

6

6,717

16,611

29,217

39,111

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 surplus or deficit 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 16 October 2017 and were signed on its behalf by:

Mr S M Kelly - Director

1.	STATUTORY INFORMATION

Farrans Court Limited is a private company, limited by guarantee , 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 represents contributions receivable from lessees.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

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.

Taxation

Provision is made for income tax on the amount of interest received during the year. Because the company does

not trade with a view to making a profit the directors are confident that HMR&C will not seek to tax any surplus

of contributions received over expenses incurred.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2016

and 31 March 2017

22,500

NET BOOK VALUE

At 31 March 2017

22,500

At 31 March 2016

22,500

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Prepayments and accrued income

3,861

4,805

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Accruals and deferred income

1,777

4,157

6.

RESERVES

Income

Repairs

and

and

expenditure

redecoration

account

reserve

Totals

£

£

£

At 1 April 2016

16,611

22,500

39,111

Deficit for the year

(9,894

)

(9,894

)

At 31 March 2017

6,717

22,500

29,217

7.	SHARE CAPITAL

The company does not have a share capital. It is limited by guarantee. Every member of the company undertakes

to contribute to the assets of the company. In the event of the company being wound up while he or she is a

member, or within one year of he or she ceasing to be a member, payment of debts and liabilities of the company

contracted before he or she ceased to be a member and of the costs and charges and expenses of winding up the

company and of the adjustments of the rights and contributions among themselves is limited to an amount not

exceeding £10.