Cool Oak Management Co. Limited - Limited company accounts 11.7

REGISTERED NUMBER: 02176807

Report of the Directors and

Audited Financial Statements for the Year Ended 31 December 2014

for

Cool Oak Management Co. Limited

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

4

Profit and Loss Account

6

Balance Sheet

7

Notes to the Financial Statements

8

DIRECTORS:

Mrs J Levin

Mr S M Reddy

SECRETARY:

Page Registrars Limited

REGISTERED OFFICE:

c/o BLR Property Management Limited

Hyde house

The Hyde

London

NW9 6LH

REGISTERED NUMBER:

02176807

SENIOR STATUTORY AUDITOR:

E.H. Feingold, B.Sc. (Econ.) F.C.A.

AUDITORS:

Purcells, Chartered Accountants

4 Quex Road

London

NW6 4PJ

The directors present their report with the financial statements of the company for the year ended 31 December 2014.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2014 to the date of this

report.

Mrs J Levin

Mr S M Reddy

Other changes in directors holding office are as follows:

Miss M Nicholls - resigned 15 May 2014

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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies

Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought

to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish

that the company's auditors are aware of that information.

AUDITORS

The auditors, Purcells, Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual

General Meeting.

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:

Mrs J Levin - Director

28 August 2015

We have audited the financial statements of Cool Oak Management Co. Limited for the year ended 31 December 2014

on pages six to nine. The financial reporting framework that has been applied in their preparation is applicable law

and the Financial Reporting Standard for Smaller Entities (effective April 2008) (United Kingdom Generally

Accepted Accounting Practice applicable to Smaller Entities).

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the

Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those

matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's

members as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of directors and auditors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give

reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or

error. This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances

and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates

made by the directors; and the overall presentation of the financial statements. In addition, we read all the financial

and non-financial information in the Report of the Directors to identify material inconsistencies with the audited

financial statements and to identify any information that is apparently materially incorrect based on, or materially

inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any

apparent material misstatements or inconsistencies we consider the implications for our report.

Opinion on financial statements

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2014 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion the information given in the Report of the Directors for the financial year for which the financial

statements are prepared is consistent with the financial statements.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to

you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

E.H. Feingold, B.Sc. (Econ.) F.C.A. (Senior Statutory Auditor)

for and on behalf of Purcells, Chartered Accountants

4 Quex Road

London

NW6 4PJ

3 September 2015

TURNOVER

31,060

31,060

Administrative expenses

29,622

30,814

OPERATING PROFIT

2

1,438

246

Interest receivable and similar income

3

2

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

1,441

248

Tax on profit on ordinary activities

3

-

-

PROFIT FOR THE FINANCIAL YEAR

1,441

248

CURRENT ASSETS

Debtors

4

12,558

7,815

Cash at bank

576

6,299

13,134

14,114

CREDITORS

Amounts falling due within one year

5

2,779

5,200

NET CURRENT ASSETS

10,355

8,914

TOTAL ASSETS LESS CURRENT LIABILITIES

10,355

8,914

CAPITAL AND RESERVES

Called up share capital

6

589

589

Profit and loss account

7

9,766

8,325

SHAREHOLDERS' FUNDS

10,355

8,914

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 28 August 2015 and were signed on its behalf by:

Mrs J Levin - 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

Income represents service charges levied on the members in order to cover the company's costs.

2.	OPERATING PROFIT

The operating profit is stated after charging:

31.12.14

31.12.13

£

£

Auditors' remuneration

660

630

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 31 December 2014 nor for the

year ended 31 December 2013.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.14

31.12.13

£

£

Trade debtors

10,944

7,710

Other debtors

1,614

105

12,558

7,815

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.14

31.12.13

£

£

Trade creditors

1,087

3,600

Other creditors

1,692

1,600

2,779

5,200

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

589

Ordinary

1

589

589

7.

RESERVES

Profit

and loss

account

£

At 1 January 2014

8,325

Profit for the year

1,441

At 31 December 2014

9,766