Beach Court Management (Walmer) Limited - Limited company accounts 17.3

REGISTERED NUMBER: 01578372 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

BEACH COURT MANAGEMENT (WALMER) LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Financial Statements

6

DIRECTORS:

Ms J D Leeming

D P S Dickinson

Ms R K Wallace

M J Hesse

SECRETARY:

Ms D Thomas

REGISTERED OFFICE:

Flat 4, Beach Court

35 The Beach

Walmer

DEAL

Kent

CT14 7HN

REGISTERED NUMBER:

01578372 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

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 managing and maintaining the freehold

property and flats comprising Beach Court, 35 The Beach, Walmer, Deal, Kent, CT14 7HN.

DIRECTORS

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

Ms J D Leeming

D P S Dickinson

Ms R K Wallace

M J Hesse

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:

D P S Dickinson - Director

1 December 2017

TURNOVER

350

29,450

Administrative expenses

350

798

OPERATING PROFIT and

PROFIT BEFORE TAXATION

-

28,652

Tax on profit

-

5,730

PROFIT FOR THE FINANCIAL YEAR

-

22,922

FIXED ASSETS

Tangible assets

4

1,666

CURRENT ASSETS

Debtors

5

4,504

-

Cash at bank

11,682

28,118

16,186

28,118

CREDITORS

Amounts falling due within one year

6

-

6,932

NET CURRENT ASSETS

16,186

21,186

TOTAL ASSETS LESS CURRENT
LIABILITIES

17,852

22,852

CREDITORS

Amounts falling due after more than one
year

7

1,666

NET ASSETS

16,186

21,186

CAPITAL AND RESERVES

Called up share capital

4

Retained earnings

16,182

21,182

SHAREHOLDERS' FUNDS

16,186

21,186

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 1 December 2017 and were signed on its behalf
by:

D P S Dickinson - Director

Called up

share

Retained

Total

capital

earnings

equity

£

Balance at 1 April 2015

4

11,060

11,064

Changes in equity

Dividends

-

(12,800

)

(12,800

)

Total comprehensive income

-

22,922

Balance at 31 March 2016

4

21,182

21,186

Changes in equity

Dividends

-

(5,000

)

(5,000

)

Balance at 31 March 2017

4

16,182

16,186

1.	STATUTORY INFORMATION

Beach Court Management (Walmer) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

All transactions during the year in respect of service charge income and related expenditure were entered into on

behalf of the leaseholders and income and expenditure arising from these transactions are shown in a separate

service charge statement which does not form part of the annual accounts of the company and is not filed at

Companies House.

Changes in accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the previous year. These policies have been consistently applied to all years

presented unless otherwise stated.

The financial statements, for the year ended 31 March 2017 are the first financial statements that comply with

FRS 102 Section 1A "Small Entities". The date of transition is 1 April 2015.

The transition to FRS 102 Section 1A "Small Entities" has not resulted in any changes to the accounting policies

or to the opening equity and profit for the comparative period.

Turnover

Turnover represents ground rents receivable during the year from the flats' leaseholders and premiums received

for granting extensions to leases.

The company accounts for monies directly related to its ownership of the freehold (such as ground rent and

receipts in respect of the renewal/extension of leases) and makes a contribution to the service charge account in

respect of the company's running costs. All remaining monies held in the bank account in the company name are

held on trust for the leaseholders of Beach Court and all other transactions were entered into on behalf of the

leaseholders.

Contractual commitments

The company contracts with third parties in its own name for the supply of services to the property for the

maintenance of the common parts in accordance with the terms of the leases. At the year end the company had

not entered into any non-cancellable contractual commitments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees and directors during the year was 4 (2016 - 4).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2016

and 31 March 2017

1,666

NET BOOK VALUE

At 31 March 2017

1,666

At 31 March 2016

1,666

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Amounts due from leaseholders

4,504

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Tax

-

5,730

Amounts due to leaseholders

-

1,202

-

6,932

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.17

31.3.16

£

Amounts due to members

1,666