4, 6 and 8 Carlton Hill Limited - Limited company accounts 18.2

REGISTERED NUMBER: 04845332 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

4, 6 AND 8 CARLTON HILL LIMITED

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

H Rose

T Moross

SECRETARY:

Michael Laurie Magar Limited

REGISTERED OFFICE:

c/o Michael Laurie Magar

2nd Floor Premiere House

Elstree Way

Borehamwood

WD6 1JH

REGISTERED NUMBER:

04845332 (England and Wales)

ACCOUNTANTS:

Websters

12 Melcombe Place

London

NW1 6JJ

The directors present their report with the financial statements of the company for the year ended 31 December 2018.

PRINCIPAL ACTIVITY

The company's principal activities comprise the control, supervision and management, on behalf of the lessees, of the

site known as 4, 6 & 8 Carlton Hill, London NW8. The company owns the reversionary freehold interest.

DIRECTORS

H Rose has held office during the whole of the period from 1 January 2018 to the date of this report.

Other changes in directors holding office are as follows:

T Moross - appointed 11 October 2018

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.

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:

H Rose - Director

11 September 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of 4, 6 and 8 Carlton Hill Limited for the year ended 31 December 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of 4, 6 and 8 Carlton Hill Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 4, 6 and 8 Carlton Hill Limited and state those matters that we have agreed to state to the Board of Directors of 4, 6 and 8 Carlton Hill Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 4, 6 and 8 Carlton Hill Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 4, 6 and 8 Carlton Hill Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 4, 6 and 8 Carlton Hill Limited. You consider that 4, 6 and 8 Carlton Hill Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 4, 6 and 8 Carlton Hill 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 statutory financial statements.

Websters

12 Melcombe Place

London

NW1 6JJ

11 September 2019

SERVICE CHARGES RECEIVABLE

-

OPERATING PROFIT and

PROFIT BEFORE TAXATION

-

Tax on profit

5

-

PROFIT FOR THE FINANCIAL YEAR

-

FIXED ASSETS

Tangible assets

7

459,065

CURRENT ASSETS

Debtors

8

12

CREDITORS

Amounts falling due within one year

9

(919

)

(919

)

NET CURRENT LIABILITIES

(907

)

(907

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

458,158

CREDITORS

Amounts falling due after more than one
year

10

(459,689

)

(459,689

)

NET LIABILITIES

(1,531

)

(1,531

)

CAPITAL AND RESERVES

Called up share capital

12

Retained earnings

(1,543

)

(1,543

)

SHAREHOLDERS' FUNDS

(1,531

)

(1,531

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 11 September 2019 and were signed on its behalf
by:

H Rose - Director

1.	STATUTORY INFORMATION

4, 6 and 8 Carlton Hill 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Depreciation

No depreciation has been provided on the reversionary freehold interest as the directors are of the view that its

value will not diminish. The directors consider that this accounting policy, which is a departure from the

requirements of the Companies Act concerning depreciation of fixed assets, is therefore necessary to provide a

true and fair view.

Service charge funds

The company receives contributions towards property outgoings from the lessees to the service charge fund.

However, as set out in Section 42 of The Landlord & Tenant Act 1987, the company holds these funds in trust for

the lessees and therefore it is the opinion of the directors that these contributions along with the assets and

liabilities of the service charge fund should not be reflected in the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	OPERATING PROFIT

The directors received no remuneration in respect of their services to the company for the year.

5.

TAXATION

Service charge funds are held by the company in trust for the tenants and hence any income tax chargeable at

the rate applicable to such trusts is not reflected in these accounts.

6.	PRIOR YEAR ADJUSTMENT

The financial statements for year ended 31 December 2017 were prepared recognising service charge

expenditure deployed by the company along with the corresponding service charges receivable. This accounting

policy reflected the fact that the company acts as principal when contracting with third party suppliers on behalf

of the service charge.

However, as set out in section 42 of the Landlord & Tenant Act 1987, the company holds service charge funds in

trust for the lessees and it is the opinion of the directors that contributions of service charges and service charge

funds held should therefore not be recognised in the accounts. The accounting policy in respect of service

charge funds has been adopted to reflect this and the prior year figures have been restated accordingly.

7.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2018

and 31 December 2018

459,065

NET BOOK VALUE

At 31 December 2018

459,065

At 31 December 2017

459,065

The company owns the reversionary freehold interest in 4,6 & 8 Carlton Hill, London NW8 which was purchased

for £459,065 consideration. In the directors' opinion the property does not qualify as an Investment Property as

defined by the provisions of Section 16 of FRS102 as the property is held for administrative purposes and as no

rentals are being earned. Therefore the property is held on the balance sheet at £459,065, being the cost to the

company of the freehold interest.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

as restated

£

Other debtors

12

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

as restated

£

Other creditors

919

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

as restated

£

Loans (Unsecured)

459,689

The above loans are interest free and were made by the shareholders of the company with no repayment terms.

The loans are repayable at the sole discretion of the company.

11.	RELATED PARTY DISCLOSURES

Loans have been made to the company by its shareholders, who each have an entitlement to one ordinary share

in the company. These loans ware to fund the freehold purchase of 4, 6 & 8 Carlton Hill, London NW8. The

amount outstanding on the loans at the balance sheet date is £459,689 (2017 : £459,689). The loans are

interest freehold are repayable at the sole discretion of the company.

12.	GOING CONCERN

The directors are confident that the company will continue to be able to meet its financial commitments for the

foreseeable future as any working capital requirements can be funded by the service charge of 4, 6 & 8 Carlton

Hill, London NW8.

13.	ULTIMATE CONTROLLING PARTY

The company is controlled by a voting majority of its shareholders and accordingly there is no controlling related

party.