Pandongate House Ltd - Limited company accounts 11.4

REGISTERED NUMBER: 05003653 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2013

FOR

PANDONGATE HOUSE MANAGEMENT COMPANY LTD

Page

Company Information

1

Report of the Directors

2

Income and Expenditure Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

T Joisce

D G Ursell

SECRETARIES:

Ms P Davidson

Town & City Secretaries Ltd

REGISTERED OFFICE:

2nd Floor North Point

Faverdale North

Darlington

Co. Durham

DL3 0PH

REGISTERED NUMBER:

05003653 (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.

T Joisce

D G Ursell

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:

T Joisce - Director

5th September 2014

INCOME

81,406

78,223

Service Charge Expenditure

76,828

80,446

OPERATING SURPLUS/(DEFICIT)

2

4,578

(2,223

)

Interest receivable and similar income

9

7

SURPLUS/(DEFICIT) ON ORDINARY ACTIVITIES BEFORE TAXATION

4,587

(2,216

)

Tax on surplus/(deficit) on ordinary activities

3

2

1

SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR

4,585

(2,217

)

CURRENT ASSETS

Debtors

4

50,003

34,361

CREDITORS

Amounts falling due within one year

5

50,003

34,361

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 5th September 2014 and were signed on its behalf by:

T Joisce - 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 monies from lessees, as agent, in respect of service charges and associated

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

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 lessees and other parties who may be interested in the

expenditure incurred in the management of the property.

2.	OPERATING SURPLUS/(DEFICIT)

The operating surplus (2012 - operating deficit) 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

2

1

Tax on surplus/(deficit) on ordinary activities

2

1

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/13

31/12/12

£

£

Trade debtors

20,611

23,807

Other debtors

29,392

10,554

50,003

34,361

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/13

31/12/12

£

£

Trade creditors

11,711

17,599

Other creditors

38,292

16,762

50,003

34,361

6.

RESERVES

Income

and

expenditure

account

£

Surplus for the year

4,585

Transfer to/(from) Service Charge Account

(4,585

)

At 31st December 2013

-

7.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st December 2013 (31st December 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 required to

be disclosed under the Financial Reporting Standard for Smaller Entities.

10.	LIMIT OF MEMBERS LIABILITY

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