Statham & Sherard Court Ltd - Limited company accounts 11.6
Statham & Sherard Court Ltd - Limited company accounts 11.6
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 25TH MARCH 2014 |
| FOR |
| STATHAM COURT AND SHERARD COURT |
| MANAGEMENT COMPANY LTD |
| STATHAM COURT AND SHERARD COURT |
| MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 03652418) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 25th March 2014 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| STATHAM COURT AND SHERARD COURT |
| MANAGEMENT COMPANY LTD |
| COMPANY INFORMATION |
| for the Year Ended 25th March 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| STATHAM COURT AND SHERARD COURT |
| MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 03652418) |
| REPORT OF THE DIRECTORS |
| for the Year Ended 25th March 2014 |
| The directors present their report with the financial statements of the company for the year ended 25th March 2014. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 26th March 2013 to the date of this |
| report. |
| Other changes in directors holding office are as follows: |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating |
| to small companies. |
| ON BEHALF OF THE BOARD: |
| STATHAM COURT AND SHERARD COURT |
| MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 03652418) |
| PROFIT AND LOSS ACCOUNT |
| for the Year Ended 25th March 2014 |
| 25/3/14 | 25/3/13 |
| Notes | £ | £ |
| INCOME |
| Service Charge Expenditure |
| OPERATING PROFIT and |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
2 |
| Tax on profit on ordinary activities | 3 |
| PROFIT FOR THE FINANCIAL YEAR |
| STATHAM COURT AND SHERARD COURT |
| MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 03652418) |
| BALANCE SHEET |
| 25th March 2014 |
| 25/3/14 | 25/3/13 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on by: |
| STATHAM COURT AND SHERARD COURT |
| MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 03652418) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 25th March 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the historic cost convention and in accordance with . the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). The company is a non-profit making |
| organisation in that its purpose is to be responsible, as agent, for all the maintenance expenditure on the common |
| parts of Statham Court and Sherard Court and to recover the total costs from the lessees of flats in the building in |
| accordance with the terms of the lease. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Income |
| During the year the company received monies from lessees, as agents, in respect of service charges and |
| associated income, which are held on trust and do not constitute turnover. |
| Presentation of the profit and loss account and balance sheet |
| The presentation of the Profit and Loss Account 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 |
| expenditure incurred in the management of the property. |
| 2. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 25/3/14 | 25/3/13 |
| £ | £ |
| Directors' remuneration and other benefits etc |
| 3. | TAXATION |
| The Company is a non-profit making Company and is not subject to Corporation Tax. In respect of interest |
| received, however, it is liable to pay income tax on such interest at the rate of tax applicable to trusts. |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 25/3/14 | 25/3/13 |
| £ | £ |
| Trade debtors | 3,673 | 3,475 |
| Other debtors | 515,813 | 469,120 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 25/3/14 | 25/3/13 |
| £ | £ |
| Trade creditors |
| Other creditors |
| STATHAM COURT AND SHERARD COURT |
| MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 03652418) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 25th March 2014 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 25/3/14 | 25/3/13 |
| value: | £ | £ |
| Ordinary | £1 |
| 7. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| Profit for the year |
| Transfer (to)/from Service Charge Account |
(58,462 |
) |
| At 25th March 2014 |
| 8. | CONTINGENT LIABILITIES |
| The Company had no contingent liabilities at 24th March 2014 (2013 - none) |
| 9. | CAPITAL COMMITMENTS |
| 25/3/14 | 25/3/13 |
| £ | £ |
| Contracted but not provided for in the |
| financial statements | - | - |