4, 6 and 8 Carlton Hill Limited - Limited company accounts 11.6
4, 6 and 8 Carlton Hill Limited - Limited company accounts 11.6
REGISTERED NUMBER: |
REPORT OF THE DIRECTOR AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
FOR |
4, 6 AND 8 CARLTON HILL LIMITED |
4, 6 AND 8 CARLTON HILL LIMITED (REGISTERED NUMBER: 04845332) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Report of the Accountants | 3 |
Profit and Loss Account | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 6 |
4, 6 AND 8 CARLTON HILL LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
4, 6 AND 8 CARLTON HILL LIMITED (REGISTERED NUMBER: 04845332) |
REPORT OF THE DIRECTOR |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
The director presents her report with the financial statements of the company for the year ended |
31 December 2014. |
PRINCIPAL ACTIVITY |
The company owns the reversionary freehold interest in the site known as 4,6 & 8 Carlton Hill, London for |
which it has the responsibility to control, supervise and manage on behalf of the tenants. |
DIRECTOR |
STATEMENT OF DIRECTOR'S RESPONSIBILITIES |
The director is responsible for preparing the Report of the Director and the financial statements in accordance |
with applicable law and regulations. |
Company law requires the director to prepare financial statements for each financial year. Under that law the |
director has 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 director must not approve the financial statements unless she is 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 director is 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 director is 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 her to ensure that the financial statements comply with the Companies Act 2006. She is |
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 special provisions of Part 15 of the Companies Act |
2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
4, 6 AND 8 CARLTON HILL LIMITED |
REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF |
4, 6 AND 8 CARLTON HILL LIMITED |
In accordance with the terms of our engagement letter with Michael Laurie Magar Limited who act as agents |
to 4, 6 & 8 Carlton Hill Limited ("the company"), we set out our chartered accountants' report to the board of |
directors on the preparation of the unaudited statutory accounts for the year ended 31 December 2014: |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
the accounts of the company for year ended 31 December 2014 from the company's accounting records and |
the information and explanations supplied 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 |
icaew.com/membershandbook. |
Our work has been undertaken to prepare, for your approval, the accounts of the company and to state those |
matters that we have agreed to state to you, as a body, in this report in accordance with AAF 2/10 as detailed |
at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to |
anyone other than the company and its board of directors as a body for our work or for this report. |
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory |
accounts that give a true and fair view of the assets, liabilities, financial position and surplus of the company. |
You consider that the company 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 accounts of the company. For this |
reason, we have not verified the accuracy or completeness of the accounting records or information and |
explanations that you have given us and we do not, therefore, express any opinion on the statutory accounts. |
21 May 2015 |
4, 6 AND 8 CARLTON HILL LIMITED (REGISTERED NUMBER: 04845332) |
PROFIT AND LOSS ACCOUNT |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
31.12.14 | 31.12.13 |
Notes | £ | £ |
TURNOVER |
OPERATING PROFIT and |
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
2 |
Tax on profit on ordinary activities | 3 |
PROFIT FOR THE FINANCIAL YEAR |
4, 6 AND 8 CARLTON HILL LIMITED (REGISTERED NUMBER: 04845332) |
BALANCE SHEET |
31 DECEMBER 2014 |
31.12.14 | 31.12.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Profit and loss account | 8 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges her 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 were approved by the director on |
4, 6 AND 8 CARLTON HILL LIMITED (REGISTERED NUMBER: 04845332) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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). |
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 ('service charge |
funds'). However, as set out in Section 42 of The Landlord & Tenant Act 1987, the company holds |
these funds in trust for the lessees and, in accordance with recommended practice issued by Institute |
of Chartered Accountants in England and Wales, these contributions are not reflected in the accounts. |
2. | OPERATING PROFIT |
The directors received no remuneration in respect of their services to the company for the period. |
3. | TAXATION |
The company has no income chargeable to UK corporation tax. |
For tax purposes, service charge funds are deemed to be held by the company in trust for the lessees |
and hence any taxable income is subject to income tax at the rate applicable to such trusts and falls |
outside the scope of corporation tax. |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 1 January 2014 |
and 31 December 2014 |
NET BOOK VALUE |
At 31 December 2014 |
At 31 December 2013 |
As the reversionary freehold interest is not primarily held for its investment potential, the directors do |
not consider the property to be an Investment Property as defined by the Financial Reporting Standard |
for Smaller Entities (applicable April 2008). |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.14 | 31.12.13 |
£ | £ |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.14 | 31.12.13 |
£ | £ |
Loans (Unsecured) |
4, 6 AND 8 CARLTON HILL LIMITED (REGISTERED NUMBER: 04845332) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
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. |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
value: | £ | £ |
Ordinary | £1 |
8. | RESERVES |
Profit |
and loss |
account |
£ |
At 1 January 2014 | ( |
) |
Profit for the year |
At 31 December 2014 | ( |
) |
9. | 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 (2013 : |
£459,689). The loans are interest freehold are repayable at the sole discretion of the company. |
10. | 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. |