Montdore House Maintenance Limited - Limited company accounts 16.1

REGISTERED NUMBER: 01479942 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

MONTDORE HOUSE MAINTENANCE LIMITED

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTOR:

D Fernandes-Reyes

SECRETARY:

Michael Laurie Magar Ltd

REGISTERED OFFICE:

Premiere House

Elstree Way

Borehamwood

Hertfordshire

WD6 1JH

REGISTERED NUMBER:

01479942 (England and Wales)

ACCOUNTANTS:

Websters

12 Melcombe Place

Marylebone

London

NW1 6JJ

The director presents her report with the financial statements of the company for the year ended 31 December 2015.

PRINCIPAL ACTIVITY

The company's activities comprise the control, supervision and management, on behalf of the lessees, of the

site known as Montdore House, 26-30 Highgate Hill, London N19 5NL. Montdore Investments Limited of

26-30 Highgate Hill Highgate, London N19 5NL owns the reversionary freehold interest.

DIRECTORS

The directors who have held office during the period from 1 January 2015 to the date of this report are as

follows:

D Fernandes-Reyes - appointed 10 March 2015

A Sood - resigned 10 March 2015

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance

with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the

director has elected to prepare the financial statements in accordance with United Kingdom Generally

Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company

law the director must not approve the financial statements unless she is satisfied that they give a true and fair

view of the state of affairs of the company and of the profit or loss of the company for that period. In

preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain

the company's transactions and disclose with reasonable accuracy at any time the financial position of the

company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is

also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the

prevention and detection of fraud and other irregularities.

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:

D Fernandes-Reyes - Director

30 September 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Montdore House Maintenance Limited for the year ended 31 December 2015

which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Montdore House Maintenance Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Montdore House Maintenance Limited and state those matters that we have agreed to state to the director of Montdore House Maintenance Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Montdore House Maintenance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Montdore House Maintenance Limited. You consider that Montdore House Maintenance Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Montdore House Maintenance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Websters

12 Melcombe Place

Marylebone

London

NW1 6JJ

30 September 2016

TURNOVER

15,092

6,977

Cost of sales

(15,092

)

(6,977

)

GROSS PROFIT

-

-

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

5

2,417

6,009

CREDITORS

Amounts falling due within one year

6

(2,317

)

(5,909

)

NET CURRENT ASSETS

100

100

TOTAL ASSETS LESS CURRENT LIABILITIES

100

100

CAPITAL AND RESERVES

Called up share capital

7

100

100

SHAREHOLDERS' FUNDS

100

100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 30 September 2016 and were signed by:

D Fernandes-Reyes - 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 January 2015), and adopting the

provisions set out in Draft FRC Abstract 1 (Residential Management Companies' Financial

Statements) in determining the recognition of service charge transactions.

Turnover

Turnover comprises service charge income from the tenants of Montdore House, 26-30 Highgate Hill,

London.

Recognition of income

Service charge is recognised as income in the financial statements concurrently with the recognition of

the service charge expenditure that is being funded.

2.	OPERATING PROFIT

The directors received no remuneration in respect of their services to the company for the year.

3.

TAXATION

No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2015, nor

for the year ended 31 December 2014.

4.	PRIOR YEAR ADJUSTMENT

The financial statements for year ended 31 December 2014 were prepared on the basis that the

company was non-trading and the provisions of draft FRC Abstract 1 (Residential Management

Companies' Financial Statements) were not adopted in the preparation of those financial statements.

In these financial statements the provisions set out in Draft FRC Abstract 1 (Residential Management

Companies' Financial Statements) have been adopted and the accounting policies have been

amended to include service charges receivable as turnover, with the corresponding outgoings reflected

in cost of sales. The balance sheet includes all of the company's own assets and liabilities.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

as

restated

£

£

Other debtors

2,417

6,009

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

as

restated

£

£

Trade creditors

145

808

Other creditors

2,172

5,101

2,317

5,909

Included within other creditors is a balance of £204.00 (2014: debtor balance of £3,149) due to the

service charge trust.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

as restated

£

£

8

Ordinary shares

£12.5

0

100

100

8.

RESERVES

Profit

and loss

account

£

Profit for the year

-

At 31 December 2015

-

9.	ULTIMATE CONTROLLING PARTY

The Company is controlled by a voting majority of its shareholders and accordingly there is no

controlling party.