Veric Residents Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02249086 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 25 DECEMBER 2014

FOR

VERIC RESIDENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

5

DIRECTORS:

Mr D F P Winchester

Mr E M Lester

Mr S J Wright

SECRETARY:

Mr N W H Ericsson

REGISTERED OFFICE:

8 The Drive

Hove

East Sussex

BN3 3JT

REGISTERED NUMBER:

02249086 (England and Wales)

ACCOUNTANTS:

Clark Brownscombe Limited

8 The Drive

Hove

East Sussex

BN3 3JT

FIXED ASSETS

Tangible assets

2

14,587

14,587

CURRENT ASSETS

Debtors

4,801

4,586

CREDITORS

Amounts falling due within one year

16,444

16,287

NET CURRENT LIABILITIES

(11,643

)

(11,701

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,944

2,886

CAPITAL AND RESERVES

Called up share capital

3

43

43

Profit and loss account

2,901

2,843

SHAREHOLDERS' FUNDS

2,944

2,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 December 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 June 2015 and were signed on its behalf by:

Mr D F P Winchester - Director

Mr E M Lester - 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).

Turnover

Turnover is the total amount receivable by the company for ground rent.

Tangible fixed assets

Freehold land and buildings are not depreciated. The buildings are maintained in their existing condition on behalf of the

residents from the residents' maintenance fund to which expenditures are charged as they arise.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 26 December 2013

and 25 December 2014

14,587

NET BOOK VALUE

At 25 December 2014

14,587

At 25 December 2013

14,587

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

6

'A' ordinary

£1

6

6

35

'B' ordinary

£1

35

35

2

'C' ordinary

£1

2

2

43

43

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared.

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

statements of Veric Residents Limited for the year ended 25 December 2014 which comprise the Profit and Loss Account, the

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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Veric Residents 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 Veric Residents Limited and state those matters that we have agreed to state to the Board of Directors of Veric Residents Limited, 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 Veric Residents 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 Veric Residents Limited. You consider that Veric Residents 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 Veric Residents 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.

Clark Brownscombe Limited

8 The Drive

Hove

East Sussex

BN3 3JT

22 June 2015