Swan Place Management Limited
Swan Place Management Limited
Registered number: 06481804
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2017
Swan Place Management Limited
Directors' Report and Unaudited Financial Statements
For The Year Ended 31 December 2017
Directors' Report and Unaudited Financial Statements
| Contents | |
| Page | |
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| Company Information | 1 |
| Directors' Report | 2 |
| Accountants' Report | 3 |
| Income Statement | 4 |
| Statement of Financial Position | 5 |
| Statement of Changes in Equity | 6 |
| Notes to the Financial Statements | 7 |
Swan Place Management Limited
Company Information
For The Year Ended 31 December 2017
Company Information
| Directors |
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| Company Number |
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| Registered Office | 82 Wandsworth Bridge Road |
| London | |
| SW6 2TF | |
| Accountants |
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| Chartered Accountants | |
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| London | |
| SW6 2TF | |
Page 1
Swan Place Management Limited
Company No. 06481804
Directors' Report For The Year Ended 31 December 2017
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2017 .
Principal Activity
The company's principal activity continues to be that of management of common areas.
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
Swan Place Management Limited
Accountants' Report
For The Year Ended 31 December 2017
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Swan Place Management Limited For The Year Ended 31 December 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Swan Place Management Limited For The Year Ended 31 December 2017 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's 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 http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Swan Place Management Limited , as a body, in accordance with the terms of our engagement letter dated 28 September 2016. Our work has been undertaken solely to prepare for your approval the accounts of Swan Place Management Limited and state those matters that we have agreed to state to the directors of Swan Place Management Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swan Place Management Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Swan Place Management 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 Swan Place Management Limited . You consider that Swan Place Management 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 Swan Place Management 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
82 Wandsworth Bridge Road
London
SW6 2TF
Page 3
Swan Place Management Limited
Income Statement
For The Year Ended 31 December 2017
Income Statement
| 2017 | 2016 | |||
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| Notes | £ | £ | ||
| TURNOVER |
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| GROSS SURPLUS |
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| Administrative expenses |
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| OPERATING DEFICIT AND DEFICIT FOR THE FINANCIAL YEAR |
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The notes on page 7 form part of these financial statements.
Page 4
Swan Place Management Limited
Statement of Financial Position
For The Year Ended 31 December 2017
Statement of Financial Position
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 2 |
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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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| Income Statement |
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| MEMBERS' FUNDS | (51) | 1,059 | |||
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their 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 page 7 form part of these financial statements.
Page 5
Swan Place Management Limited
Statement of Changes in Equity
For The Year Ended 31 December 2017
Statement of Changes in Equity
| Income Statement | |
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| £ | |
| As at 1 January 2016 |
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| Loss for the year and total comprehensive income |
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| As at 31 December 2016 and 1 January 2017 |
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| Loss for the year and total comprehensive income |
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| As at |
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Page 6
Swan Place Management Limited
Notes to the Financial Statements
For The Year Ended 31 December 2017
Notes to the Financial Statements
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 is measured at the fair value of the consideration received or receivable from residents.
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Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Trade creditors |
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| Accruals and deferred income |
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3.
Related Party Transactions
The company's turnover is all derived from the residents who are members of the company.
4.
Company limited by guarantee
The company is limited by guarantee and each of it's members is liable to contribute up to a maximumof £1 to the assets of the company in the event of liquidation.
5.
General Information
Swan Place Management Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 06481804 . The registered office is 82 Wandsworth Bridge Road, London, SW6 2TF.
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