Chesterfields (Darlington) Mngmnt Co Ltd - Limited company accounts 16.1
Chesterfields (Darlington) Mngmnt Co Ltd - Limited company accounts 16.1
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2015 |
FOR |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04550376) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2015 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income and Expenditure Account | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED |
COMPANY INFORMATION |
for the Year Ended 31st December 2015 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04550376) |
REPORT OF THE DIRECTORS |
for the Year Ended 31st December 2015 |
The directors present their report with the financial statements of the company for the year ended 31st December 2015. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1st January 2015 to the date of this |
report. |
The company is limited by guarantee and has no share capital. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
ON BEHALF OF THE BOARD: |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04550376) |
INCOME AND EXPENDITURE ACCOUNT |
for the Year Ended 31st December 2015 |
31/12/15 | 31/12/14 |
Notes | £ | £ |
INCOME |
Service charge expenditure |
OPERATING (DEFICIT)/SURPLUS | 2 | ( |
) |
Interest receivable and similar income |
(DEFICIT)/SURPLUS ON ORDINARY ACTIVITIES BEFORE TAXATION |
( |
) |
Tax on (deficit)/surplus on ordinary activities |
3 |
(DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
( |
) |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04550376) |
BALANCE SHEET |
31st December 2015 |
31/12/15 | 31/12/14 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
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 were approved by the Board of Directors on |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04550376) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 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 January 2015). |
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 (2014 - operating surplus) is stated after charging: |
31/12/15 | 31/12/14 |
£ | £ |
Directors' remuneration and other benefits etc |
3. | TAXATION |
Analysis of the tax charge |
The tax charge on the deficit on ordinary activities for the year was as follows: |
31/12/15 | 31/12/14 |
£ | £ |
Current tax: |
UK corporation tax |
Tax on (deficit)/surplus on ordinary activities |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/15 | 31/12/14 |
£ | £ |
Trade debtors | 157 | 240 |
Other debtors | 12,952 | 10,846 |
CHESTERFIELDS (DARLINGTON) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04550376) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2015 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/15 | 31/12/14 |
£ | £ |
Trade creditors |
Other creditors |
6. | RESERVES |
Income |
and |
expenditure |
account |
£ |
Deficit for the year | ( |
) |
Transfer to Service Charge Account | 1,457 |
At 31st December 2015 |
7. | CONTINGENT LIABILITIES |
The company had no contingent liabilities at 31st December 2015 (2014 - None). |
8. | CAPITAL COMMITMENTS |
31/12/15 | 31/12/14 |
£ | £ |
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. |