Chesterfields (Darlington) Mngmnt Co Ltd - Limited company accounts 11.4

REGISTERED NUMBER: 04550376 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2013

FOR

CHESTERFIELDS (DARLINGTON) MANAGEMENT

COMPANY LIMITED

Page

Company Information

1

Report of the Directors

2

Income and Expenditure Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

I MacLean

I D Martin

M J Adams

SECRETARY:

P Bigge

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

04550376 (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 December 2013.

DIRECTORS

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

report.

I MacLean

I D Martin

M J Adams

The company is limited by guarantee and has no share capital.

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:

I MacLean - Director

22nd August 2014

INCOME

31,072

30,068

Service Charge Expenditure

31,074

29,883

OPERATING (DEFICIT)/SURPLUS

2

(2

)

185

Interest receivable and similar income

2

4

SURPLUS ON ORDINARY ACTIVITIES BEFORE TAXATION

-

189

Tax on surplus on ordinary activities

3

-

1

SURPLUS FOR THE FINANCIAL YEAR

-

188

CURRENT ASSETS

Debtors

4

9,007

9,117

CREDITORS

Amounts falling due within one year

5

9,007

9,117

TOTAL ASSETS LESS CURRENT LIABILITIES

-

-

RESERVES

-

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2013 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 surplus or deficit 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 22nd August 2014 and were signed on its behalf by:

I MacLean - 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 from lessees, as agents, monies relating to service charges and associated

income, which are held on trust and do not constitute turnover.

Freehold property

No figure has been included in these accounts in respect of any value that could be placed on the freehold

property known as Chesterfields, Darlington, Co Durham. In the opinion of the directors, the freehold interest in

the company based on net rental income is negligible, and the directors cannot envisage a situation where the

company would dispose of the freehold interest in the property.

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 residents and other parties who may be interested in

the expenditure incurred in the management of the property.

2.	OPERATING (DEFICIT)/SURPLUS

The operating deficit (2012 - operating surplus) is stated after charging:

31/12/13

31/12/12

£

£

Directors' remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the surplus on ordinary activities for the year was as follows:

31/12/13

31/12/12

£

£

Current tax:

UK corporation tax

-

1

Tax on surplus on ordinary activities

-

1

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/13

31/12/12

£

£

Trade debtors

534

526

Other debtors

8,473

8,591

9,007

9,117

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/13

31/12/12

£

£

Trade creditors

4,198

200

Other creditors

4,809

8,917

9,007

9,117

6.

RESERVES

Income

and

expenditure

account

£

Surplus for the year

-

At 31st December 2013

-

7.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st December 2013 (2012- None).

8.	CAPITAL COMMITMENTS

31/12/13

31/12/12

£

£

Contracted but not provided for in the

financial statements

-

-

9.	RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such received income in the form of service charge from

residents, some of whom are directors of the company. Service charges payable by the directors are on the same

basis as for all the other residents. No other transactions with related parties were undertaken such as are

required to be disclosed under the Financial Reporting Standard for Smaller Entities.

10.	LIMIT OF MEMBERS LIABILITY

The liability of the members of the company is limited by guarantee to £1 each.