THE_OAKLEIGH_PARK_NORTH_M - Accounts
THE_OAKLEIGH_PARK_NORTH_M - Accounts
Company Registration No. 02408841 (England and Wales)
FOR THE YEAR ENDED 31 DECEMBER 2015
COMPANY INFORMATION
Director
Secretary
Company number
Registered office
Accountants
CONTENTS
Page
Director's report
1
Statement of total recognised gains and losses
2
Balance sheet
3
Notes to the financial statements
4 - 5
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2015
- 1 -
The director presents his report and unaudited financial statements for the year ended 31 December 2015. The company is dormant and has not traded during the year.
Director
The following director has held office since 1 January 2015:
(Resigned 27 January 2016)
On behalf of the board
Director
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2015
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
2015
2014
as restated
Notes
£
£
Prior year adjustment
5
(28,047 )
-
Total gains and losses recognised since last financial statements
(28,047 )
-
BALANCE SHEET
AS AT
31 DECEMBER 2015
- 3 -
2015
2014
as restated
Notes
£
£
Current assets
Debtors
3
Total assets less current liabilities
Capital and reserves
Called up share capital
4
Profit and loss account
5
Shareholders' funds
Audit exemption statement
Director's responsibilities:
-
-
Approved by the Board and authorised for issue on 23 September 2016
Director
Company Registration No. 02408841
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 4 -
1
Accounting policies
1.4
Accounting convention
1.5
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1
Accounting policies
1.6
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.7
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.8
Turnover
All transactions in the year relate 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. Service charges collected are held in trust.
3
Debtors
2015
2014
£
£
Other debtors
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 5 -
5
Statement of movements on profit and loss account
Profit and loss
account
account
£
Balance at 1 January 2015 as previously reported
Prior year adjustment
(28,047 )
Balance at 1 January 2015 as restated
Balance at 31 December 2015
Prior year adjustment
It was resolved that the service charge assets and associated liabilities in relation to the maintenance of the property governed by the lease should be held in trust and therefore reported separately from the statutory accounts.
On this basis, a prior year adjustment has been made to remove the amounts which relate to the service charge fund as follows:
- Current assets due within one year amounting to £34,872 have been transferred to give a balance at 1 January 2015 of £1,380 representing amounts owed from the service charge fund;
- Creditors due within one year amounting to £6,825 have been transferred to give a balance at 1 January 2015 of £nil;
- Profit and loss account as at 1 January 2015 have been reduced to £1,250.