Wye Gardens Management Company Limited - Limited company accounts 16.1

REGISTERED NUMBER: 04732748 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 JUNE 2016

FOR

WYE GARDENS MANAGEMENT COMPANY 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:

Miss K L Birkett

Ms J Macdonald

SECRETARY:

Leete Secretarial Services Limited

REGISTERED OFFICE:

77 Victoria Street

Windsor

Berkshire

SL4 1EH

REGISTERED NUMBER:

04732748 (England and Wales)

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 24 June 2016.

DIRECTORS

The directors shown below have held office during the whole of the period from 25 June 2015 to the date of this report.

Miss K L Birkett

Ms J Macdonald

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:

Ms J Macdonald - Director

21 July 2016

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 24 June 2016 set out on pages four to six 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

27 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

-

CURRENT ASSETS

Debtors

4

4,901

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,901

CAPITAL AND RESERVES

Called up share capital

5

4,901

SHAREHOLDERS' FUNDS

4,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 June 2016 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 January 2015).

The financial statements were approved by the Board of Directors on 21 July 2016 and were signed on its behalf by:

Ms J Macdonald - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. Income and expenditure arising from these transactions is shown in separate

service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at

Companies House. All service charge monies received from the residents of the property are held on trust for the residents.

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).

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

2.	OPERATING PROFIT

The operating profit is stated after charging:

2016

2015

£

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 24 June 2016 nor for the year ended

24 June 2015.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Other debtors

4,901

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

49

Ordinary

£100

4,900

5

Founder

20p

1

4,901

6.

RESERVES

Profit

and loss

account

£

Profit for the year

-

At 24 June 2016

-

7.	RELATED PARTY DISCLOSURES

Ultimate control of the company is held jointly by the flat owners. The directors of the company are also leaseholders and any

dealings with the company are on the same terms as the other leaseholders.