Campden Hill Court Limited - Limited company accounts 18.1.1

REGISTERED NUMBER: 01826324 (England and Wales)

REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 MARCH 2018

FOR

CAMPDEN HILL COURT LIMITED

Page

Company Information

1

Report of the Directors

2

Independent Auditors' Report

3

Income Statement

5

Balance Sheet

6

Notes to the Financial Statements

7

DIRECTORS:

T F Corner

K D Dabir-Alai

A M B Darwin

S England

R Grunschlag

M S Immordino

J Robert

A L Rose

SECRETARY:

S England

REGISTERED OFFICE:

c/o Websters

12 Melcombe Place

Marylebone

London

NW1 6JJ

REGISTERED NUMBER:

01826324 (England and Wales)

AUDITORS:

Websters

Chartered Accountants and Statutory Auditors

12 Melcombe Place

London

NW1 6JJ

The directors present their report with the financial statements of the company for the year ended 24 March 2018.

DIRECTORS

The directors shown below have held office during the whole of the period from 25 March 2017 to the date of this report.

T F Corner

K D Dabir-Alai

A M B Darwin

S England

R Grunschlag

M S Immordino

A L Rose

Other changes in directors holding office are as follows:

J Robert - appointed 26 November 2017

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with

applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors

have 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 directors 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 these financial statements, the directors

are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements 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 directors are 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. They are 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act

2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to

have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that

the company's auditors are aware of that information.

AUDITORS

The auditors, Websters, will be proposed for re-appointment at the forthcoming Annual General Meeting.

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:

T F Corner - Director

24 July 2018

Opinion

We have audited the financial statements of Campden Hill Court Limited (the 'company') for the year ended

24 March 2018 which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including

a summary of significant accounting policies. The financial reporting framework that has been applied in their

preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted

Accounting Practice).

This report is made solely to the company's shareholders, as a body, in accordance with Chapter 3 of Part 16 of the

Companies Act 2006. Our audit work has been undertaken so that we might state to the company's shareholders those

matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted

by law, we do not accept or assume responsibility to anyone other than the company and the company's shareholders

as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 24 March 2018 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law.

Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the

financial statements section of our report. We are independent of the company in accordance with the ethical

requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard,

and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit

evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to

you where:

-	the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

-

the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of

the Directors, but does not include the financial statements and our Auditors' Report thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of

assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing

so, consider whether the other information is materially inconsistent with the financial statements or our knowledge

obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we

conclude that there is a material misstatement of this other information, we are required to report that fact. We have

nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit,

we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you

if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible

for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such

internal control as the directors determine necessary to enable the preparation of financial statements that are free from

material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a

going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of

accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic

alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from

material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion.

Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with

ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are

considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic

decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting

Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

David John Goddard (Senior Statutory Auditor)

for and on behalf of Websters

Chartered Accountants and Statutory Auditors

12 Melcombe Place

London

NW1 6JJ

2 August 2018

TURNOVER

43,520

43,349

Administrative expenses

(43,069

)

(44,624

)

451

(1,275

)

Other operating income

-

701

OPERATING PROFIT/(LOSS)

3

451

(574

)

Interest receivable and similar income

379

778

PROFIT BEFORE TAXATION

830

204

Tax on profit

(73

)

-

PROFIT FOR THE FINANCIAL YEAR

757

204

FIXED ASSETS

Tangible assets

4

80,129

84,347

CURRENT ASSETS

Debtors

5

48,446

48,884

Cash at bank

113,041

112,967

161,487

161,851

CREDITORS

Amounts falling due within one year

6

(38,669

)

(44,008

)

NET CURRENT ASSETS

122,818

117,843

TOTAL ASSETS LESS CURRENT LIABILITIES

202,947

202,190

CAPITAL AND RESERVES

Called up share capital

109

109

Retained earnings

202,838

202,081

SHAREHOLDERS' FUNDS

202,947

202,190

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 24 July 2018 and were signed on its behalf by:

T F Corner - Director

1.	STATUTORY INFORMATION

Campden Hill Court 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.

Turnover

Turnover comprises ground rents and licence fees receivable.

Tangible fixed assets

The company's freehold property is maintained to a high standard. As a result, it is considered unnecessary to

provide depreciation on this asset. This departure from the requirements of the Companies Act 1985 is

considered necessary in order for the financial statements to show a true and fair view.

The company's plant and machinery is stated at cost less depreciation. Depreciation is provided at 5% per

annum on a straight line basis, calculated to write off its cost over its expected useful life.

3.	OPERATING PROFIT/(LOSS)

The operating profit (2017 - operating loss) is stated after charging:

24.3.18

24.3.17

£

£

Depreciation - owned assets

4,218

2,092

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 25 March 2017

and 24 March 2018

5,249

85,739

90,988

DEPRECIATION

At 25 March 2017

-

6,641

6,641

Charge for year

-

4,218

4,218

At 24 March 2018

-

10,859

10,859

NET BOOK VALUE

At 24 March 2018

5,249

74,880

80,129

At 24 March 2017

5,249

79,098

84,347

The company owns the freehold of Campden Hill Court, Campden Hill Road, London W8. The freehold was

acquired for £869,309 and tenants have contributed £864,060 towards that sum as the cost element of the

proceeds received for the granting of long leases. The net historical cost of £5,249 that remains represents the

freehold interest relating to a number of flats whose respective lessees are not shareholders of the company and

so have not yet acquired an interest in the freehold.

In the directors' opinion the property does not qualify as an Investment Property as defined by the provisions of

Section 16 of FRS10, as the property is held for administrative purposes and the ground rental income has not

been negotiated at arm's length. As a result the property is included in the balance sheet at its net historical cost.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24.3.18

24.3.17

£

£

Trade debtors

-

2,177

Other debtors

48,446

46,707

48,446

48,884

Other debtors includes £44,795 (2017 - £19,707) in respect of amounts held in the managing agents' Clients

bank accounts.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24.3.18

24.3.17

£

£

Taxation and social security

73

-

Other creditors

38,596

44,008

38,669

44,008

7.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit

returns to the tax authorities and to assist with the preparation of the financial statements.