Waterford Court Residents Management Ltd - Limited company - abbreviated - 11.6
Waterford Court Residents Management Ltd - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
FOR |
WATERFORD COURT RESIDENTS MANAGEMENT |
LIMITED |
WATERFORD COURT RESIDENTS MANAGEMENT |
LIMITED (REGISTERED NUMBER: 02030372) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 March 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
WATERFORD COURT RESIDENTS MANAGEMENT |
LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 March 2015 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
WATERFORD COURT RESIDENTS MANAGEMENT |
LIMITED (REGISTERED NUMBER: 02030372) |
ABBREVIATED BALANCE SHEET |
31 March 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Freehold interest reserve |
Major repairs reserve | 22,683 | 22,683 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
WATERFORD COURT RESIDENTS MANAGEMENT |
LIMITED (REGISTERED NUMBER: 02030372) |
ABBREVIATED BALANCE SHEET - continued |
31 March 2015 |
The financial statements were approved by the Board of Directors on by: |
WATERFORD COURT RESIDENTS MANAGEMENT |
LIMITED (REGISTERED NUMBER: 02030372) |
NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 March 2015 |
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 |
Income represents service charges and ground rent received during the year. |
Freehold interest |
The Company purchased the Freehold interest in Waterford Court in 1993 at a cost of £15,339. |
No depreciation charge has been provided for on the grounds that the annual depreciation charge and the |
accumulated depreciation are immaterial due to the estimated residual value of the freehold being in excess of |
the freehold's carrying amount. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
and 31 March 2015 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 March 2014 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |
4. | CONTROL AND RELATED PARTY TRANSACTIONS |
The company is controlled by the tenants as shareholders who hold equal shares, acting in concert. |
At the year end, there were outstanding service charges receivable of £3,757 (2014: £10,731). |