Duntshill Mill Management Ltd - Limited company accounts 11.6

REGISTERED NUMBER: 02992280 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2014

FOR

DUNTSHILL MILL MANAGEMENT LTD

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Dr K Baig

D J D Hully

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

02992280 (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 March 2014.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2013 to the date of this report.

Dr K Baig

D J D Hully

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:

Dr K Baig - Director

6th January 2015

INCOME

7,476

7,476

Service charge expenditure

7,708

7,118

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

2

(232

)

358

Tax on (loss)/profit on ordinary activities

3

-

-

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(232

)

358

CURRENT ASSETS

Debtors

5

3,372

3,850

CREDITORS

Amounts falling due within one year

6

3,360

3,838

NET CURRENT ASSETS

12

12

TOTAL ASSETS LESS CURRENT LIABILITIES

12

12

CAPITAL AND RESERVES

Called up share capital

7

12

12

SHAREHOLDERS' FUNDS

12

12

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 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 special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 6th January 2015 and were signed on its behalf by:

Dr K Baig - Director

1.	ACCOUNTING POLICIES

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 agent, 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

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 the lessees and other parties who may be interested in

the expenditure incurred in the management of the property.

2.	OPERATING (LOSS)/PROFIT

The operating loss (2013 - operating profit) is stated after charging:

31/3/14

31/3/13

£

£

Directors' remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31st March 2014 nor for the

year ended 31st March 2013.

4.	LIABILITY OF MEMBERS

The liability of members is limited to £1 each.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/14

31/3/13

£

£

Trade debtors

-

1,315

Other debtors

3,372

2,535

3,372

3,850

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/14

31/3/13

£

£

Trade creditors

900

912

Other creditors

2,460

2,926

3,360

3,838

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/14

31/3/13

value:

£

£

12

Ordinary

£1

12

12

8.

RESERVES

Profit

and loss

account

£

Deficit for the year

(232

)

Transfer to Service Charge Account

232

At 31st March 2014

-

9.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st March 2014 (2013 - None)