Brunswick Hill Tenants Association Ltd - Limited company accounts 16.1

REGISTERED NUMBER: 00777543

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

BRUNSWICK HILL TENANTS ASSOCIATION

LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Accountants

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

S Pallot

C L Armstrong

SECRETARY:

Mortimer Secretaries Limited

REGISTERED OFFICE:

John Mortimer Property Management

Limited

Bagshot Road

Bracknell

Berkshire

RG12 9SE

REGISTERED NUMBER:

00777543

ACCOUNTANTS:

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

The directors present their report with the financial statements of the company for the year ended 31 October 2015.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the holding of the freehold property Gordon Lodge, Brunswick Hill,

Reading, Berkshire, RG1 7YU. The company is also responsible for the administration of variable service charges as agents of the statutory trust

for the lessees of the freehold property.

The company has no income or expenditure in its own right, all transactions in the year being related to the maintenance of the common parts in

accordance with the lease. Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in

accordance with the provision of section 42 of the Landlord and Tenant Act 1987.

DIRECTORS

S Pallot has held office during the whole of the period from 1 November 2014 to the date of this report.

Other changes in directors holding office are as follows:

P A Giess - resigned 13 January 2015

C L Armstrong - appointed 8 June 2015

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:

S Gwynn, for and on behalf of

Mortimer Secretaries Limited - Secretary

29 July 2016

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2015 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

29 July 2016

TURNOVER

-

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE
TAXATION

2

-

Tax on profit on ordinary activities

3

-

PROFIT FOR THE FINANCIAL YEAR

-

FIXED ASSETS

Tangible assets

4

4,285

TOTAL ASSETS LESS CURRENT LIABILITIES

4,285

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

6

4,185

SHAREHOLDERS' FUNDS

4,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 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.

The financial statements have been prepared in accordance with the 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 25 July 2016 and were signed on its behalf by:

S Pallot - 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).

The company was dormant throughout the current year and previous year.

Service charges

The company is responsible for the management of Brunswick Hill and collects service charges from lessees in order to fund expenditure

incurred in the management of the property. These service charge funds are held in trust for the lessees as required by the Landlord and

Tenant Act 1987. Transactions relating to the management of the property are reported separately to the lessees and are excluded from

the company's financial statements.

Tangible fixed assets

Freehold buildings are depreciated to write down the cost less estimated residual value over the remaining useful life by equal

instalments. Where buildings are maintained to such a standard that their estimated residual value is not less than their cost or valuation,

no depreciation is charged as it is not material.

2.	OPERATING PROFIT

The operating profit is stated after charging:

2015

2014

£

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 October 2015 nor for the year ended

31 October 2014.

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 November 2014

and 31 October 2015

4,285

NET BOOK VALUE

At 31 October 2015

4,285

At 31 October 2014

4,285

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

10

Ordinary

£10

100

6.

RESERVES

Profit

and loss

account

£

At 1 November 2014

4,185

Profit for the year

-

At 31 October 2015

4,185