18 Donaldson Road Management Company Limited
18 Donaldson Road Management Company Limited
Registered number: 3004180
Director's Report and
Financial Statements
For The Year Ended 31 March 2017
Ashley Nathoo & Co. Ltd
Chartered Accountants
250 High Road
Harrow
Middlesex
HA3 7BB
18 Donaldson Road Management Company Limited
Director's Report and Unaudited Financial Statements
For The Year Ended 31 March 2017
Director's Report and Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Company Information | 1 |
| Director's Report | 2 |
| Accountants' Report | 3 |
| Profit and Loss Account | 4 |
| Balance Sheet | 5—6 |
| Statement of Changes in Equity | 7 |
| Notes to the Financial Statements | 8—10 |
18 Donaldson Road Management Company Limited
Company Information
For The Year Ended 31 March 2017
Company Information
| Director |
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| Company Number |
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| Registered Office | 12 Ravensbourne Gardens |
| London | |
| W13 8EQ | |
| Accountants |
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| Chartered Accountants | |
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| Harrow | |
| Middlesex | |
| HA3 7BB | |
Page 1
18 Donaldson Road Management Company Limited
Company No. 3004180
Director's Report For The Year Ended 31 March 2017
Director's Report
The director presents his report and the financial statements for the year ended 31 March 2017 .
Statement of Director's Responsibilities
The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director 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 the financial statements the director is required to:
- select suitable accounting policies and then apply them consistently;
- make judgments 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 director is 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. He is 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.
Principal Activity
The company's principal activity continues to be that of managing the building and flats comprised of 18 Donaldson Road, London NW6 6ND.
Directors
The directors who held office during the year were as follows:
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Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
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Page 2
18 Donaldson Road Management Company Limited
Accountants' Report
For The Year Ended 31 March 2017
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of 18 Donaldson Road Management Company Limited For The Year Ended 31 March 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 18 Donaldson Road Management Company Limited For The Year Ended 31 March 2017 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to 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 at icaew.com/membershandbook.
This report is made solely to the director of 18 Donaldson Road Management Company Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of 18 Donaldson Road Management Company Limited and state those matters that we have agreed to state to the director of 18 Donaldson Road Management Company Limited , as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 18 Donaldson Road Management Company Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that 18 Donaldson Road Management Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of 18 Donaldson Road Management Company Limited . You consider that 18 Donaldson Road Management Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of 18 Donaldson Road 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 financial statements.
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Chartered Accountants
250 High Road
Harrow
Middlesex
HA3 7BB
Page 3
18 Donaldson Road Management Company Limited
Profit and Loss Account
For The Year Ended 31 March 2017
Profit and Loss Account
| 2017 | 2016 | |||
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| Notes | £ | £ | ||
| TURNOVER |
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| Administrative expenses |
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| OPERATING PROFIT AND PROFIT FOR THE FINANCIAL YEAR |
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The notes on pages 8 to 10 form part of these financial statements.
Page 4
18 Donaldson Road Management Company Limited
Balance Sheet
As at
31 March 2017
Balance Sheet
| 2017 | 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 38 | 38 | |||
Page 5
18 Donaldson Road Management Company Limited
Balance Sheet (continued)
As at
31 March 2017
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
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The notes on pages 8 to 10 form part of these financial statements.
Page 6
18 Donaldson Road Management Company Limited
Statement of Changes in Equity
For The Year Ended 31 March 2017
Statement of Changes in Equity
| Share Capital | Profit & Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 April 2015 |
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38 |
| Profit for the year and total comprehensive income | - |
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- |
| As at 31 March 2016 and 1 April 2016 |
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38 |
| Profit for the year and total comprehensive income | - |
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| As at |
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38 |
Page 7
18 Donaldson Road Management Company Limited
Notes to the Unaudited Accounts
For The Year Ended 31 March 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises service charges receivable.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
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2.
Operating Profit
The operating profit is stated after charging:
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
3.
Average number of employees
Average number of employees, including directors, during the year was as follows:
| 2017 | 2016 | ||
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| Office and administration |
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Page 8
18 Donaldson Road Management Company Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
4.
Tangible Assets
| Land & Property | |
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| Freehold | |
| £ | |
| Cost | |
| As at |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Land and property represents freehold value at cost of the property situated at 18 Donaldson Road, London NW6 6ND. No depreciation is provided.
5.
Debtors
| 2017 | 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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6.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Other creditors |
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| Accruals and deferred income |
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Page 9
18 Donaldson Road Management Company Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
8.
Controlling Party Not Known
The company's controlling party is unknown.
9.
General Information
18 Donaldson Road Management Company Limited Registered number 3004180 is a limited by shares company incorporated in England & Wales. The Registered Office is 12 Ravensbourne Gardens, London, W13 8EQ.
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