Burn Hall Estates Management Limited - Limited company accounts 17.3

REGISTERED NUMBER: 03455621 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2017

FOR

BURN HALL ESTATES MANAGEMENT LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Mrs J A Garnett

R B Schalks

Mrs B Weston

Dr D Stoker

SECRETARY:

Town & City Secretaries Ltd

REGISTERED OFFICE:

2nd Floor

North Point

Faverdale North

Darlington

Co. Durham

DL3 0PH

REGISTERED NUMBER:

03455621 (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 October 2017.

DIRECTORS

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

report.

Mrs J A Garnett

R B Schalks

Mrs B Weston

Dr D Stoker

The liability of the Members is limited.

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:

Mrs J A Garnett - Director

9th January 2018

INCOME

53,715

51,529

Service charge expenditure

40,685

66,985

13,030

(15,456

)

Other operating income

250

500

OPERATING PROFIT/(LOSS)

13,280

(14,956

)

Interest receivable and similar income

4

24

PROFIT/(LOSS) BEFORE TAXATION

13,284

(14,932

)

Tax on profit/(loss)

30

5

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

13,254

(14,937

)

CURRENT ASSETS

Debtors

3

33,354

34,571

CREDITORS

Amounts falling due within one year

4

33,326

34,543

NET CURRENT ASSETS

28

28

TOTAL ASSETS LESS CURRENT LIABILITIES

28

28

CAPITAL AND RESERVES

Called up share capital

5

28

28

SHAREHOLDERS' FUNDS

28

28

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 9th January 2018 and were signed on its behalf by:

Mrs J A Garnett - Director

1.	STATUTORY INFORMATION

Burn Hall Estates 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 monies, as agent, in respect of service charges and related income, which

are held on trust and do not constitute turnover.

Presentation of the income statement

The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company

accounts in order to provide more information to lessees and other parties who may be interested in the income

and expenditure incurred in the management of the property.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/17

31/10/16

£

£

Service charges due

428

14,177

Other debtors

1,620

-

Bank balances held by managing agents

30,461

19,552

Prepayments

845

842

33,354

34,571

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/17

31/10/16

£

£

Creditors

23,009

29,251

Tax

50

4,060

Reserve Fund

8,596

-

Accrued expenses

1,671

1,232

33,326

34,543

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/17

31/10/16

value:

£

£

28

Ordinary

£1

28

28

6.

RESERVES

Retained

earnings

£

Profit for the year

13,254

Transfer (to)/from Service Charge Account

(13,254

)

At 31st October 2017

-

7.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st October 2017 (2016 - none).

8.	CAPITAL COMMITMENTS

31/10/17

31/10/16

£

£

Contracted but not provided for in the

financial statements

-

-

9.	RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such received income in the form of service charge from

residents, some of who are directors of the company. Service charges payable by the directors are on the same

basis as for all the other residents. No other transactions with related parties were undertaken such as are

required to be disclosed under the FRS 102.

10.	FIRST YEAR ADOPTION OF FINANCIAL REPORTING STANDARD 102.

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 November 2015, the income statement for the comparative period ended 31st October 2016 or the

closing balance sheet of the comparative period at 31st October 2016.