| 17 St Georges Terrace Brighton Residents Company Ltd |
| Registered number: |
05909542 |
| Directors' Report |
|
| The directors present their report and accounts for the year ended 31 August 2018. |
|
| Principal activities |
| The company's principal activity during the year continued to be that of the freehold of 17 St Georges Terrace, Brighton, East Sussex. |
|
| Directors |
| The following persons served as directors during the year: |
|
|
Mr R E Davis (Resigned 30/11/17) |
|
Mrs M Senley |
|
Mr S C Vincent FCCA ATT (Fellow) (Appointed 16/08/18) |
|
| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| This report was approved by the board on 29 October 2018 and signed on its behalf. |
|
|
|
|
|
| S C VINCENT FCCA ATT (FELLOW) |
| Director |
|
| 17 St Georges Terrace Brighton Residents Company Ltd |
| Accountants' Report |
|
|
| Accountants' report to the directors of |
| 17 St Georges Terrace Brighton Residents Company Ltd |
|
| You consider that the company is exempt from an audit for the year ended 31 August 2018. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
| Albion Accounting and Taxation Services Ltd |
| Chartered Certified Accountants |
|
| 35 Roman Avenue |
| Angmering |
| Littlehampton |
| West Sussex |
| BN16 4GH |
|
| 29 October 2018 |
|
| 17 St Georges Terrace Brighton Residents Company Ltd |
| Registered number: |
05909542 |
| Balance Sheet |
| as at 31 August 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
6,300 |
|
|
6,300 |
|
| Current assets |
| Debtors |
3 |
|
- |
|
|
642 |
| Cash at bank and in hand |
|
|
4,784 |
|
|
- |
|
|
|
4,784 |
|
|
642 |
|
| Creditors: amounts falling due within one year |
4 |
|
(1,075) |
|
|
(1,526) |
|
| Net current assets/(liabilities) |
|
|
|
3,709 |
|
|
(884) |
|
| Total assets less current liabilities |
|
|
|
10,009 |
|
|
5,416 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(6,297) |
|
|
(6,297) |
|
|
|
| Net assets/(liabilities) |
|
|
|
3,712 |
|
|
(881) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
3 |
|
|
3 |
| General reserve |
|
|
|
3,709 |
|
|
(884) |
|
| Shareholders' funds |
|
|
|
3,712 |
|
|
(881) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| S C VINCENT FCCA ATT (FELLOW) |
| Director |
| Approved by the board on 29 October 2018 |
|
| 17 St Georges Terrace Brighton Residents Company Ltd |
| Notes to the Accounts |
| for the year ended 31 August 2018 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents maintenance contributions received. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land. The buildings are maintained in their existing condition by the company using the maintenance contributions received from residents. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 September 2017 |
6,300 |
|
At 31 August 2018 |
6,300 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 August 2018 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2018 |
6,300 |
|
At 31 August 2017 |
6,300 |
|
|
| 3 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Other debtors |
- |
|
642 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
1,101 |
|
Other creditors |
1,075 |
|
425 |
|
|
|
|
|
|
1,075 |
|
1,526 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Funds provided for the purchase of the freehold |
6,297 |
|
6,297 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
17 St Georges Terrace Brighton Residents Company Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
35 Roman Avenue |
|
Angmering |
|
Littlehampton |
|
West Sussex |
|
BN16 4GH |
