ACCOUNTS - Final Accounts preparation

23 GLAZBURY ROAD (MANAGEMENT) LIMITED - Company Information

2015-01-01 false true 2015-12-312015-12-31true 04942512 d:EntityAccountantsOrAuditors 2015-12-31 04942512 2015-01-01 2015-12-31 04942512 2015-12-31 04942512 2014-12-31 04942512 d:OrdinaryShareClass1 2015-12-31 04942512 d:OrdinaryShareClass1 2014-12-31 04942512 d:OrdinaryShareClass1 2015-01-01 2015-12-31 04942512 d:Director1 2015-01-01 2015-12-31 04942512 d:Director2 2015-01-01 2015-12-31 04942512 d:Director3 2015-01-01 2015-12-31 04942512 d:Director4 2015-01-01 2015-12-31 04942512 c:LandBuildings c:OwnedOrFreeholdTangibleFixedAssets 2015-01-01 2015-12-31 04942512 c:LandBuildings c:OwnedOrFreeholdTangibleFixedAssets 2014-12-31 04942512 c:LandBuildings c:OwnedOrFreeholdTangibleFixedAssets 2015-12-31 04942512 d:RegisteredOffice 2015-01-01 2015-12-31 04942512 d:EntityAccountantsOrAuditors 2015-01-01 2015-12-31 xbrli:shares iso4217:GBP

Registered number: 04942512

23 GLAZBURY ROAD (MANAGEMENT) LIMITED

UNAUDITED

DIRECTORS' REPORT AND
FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 DECEMBER 2015

23 GLAZBURY ROAD (MANAGEMENT) LIMITED

COMPANY INFORMATION

DIRECTORS	Mr C Brewerton (resigned 6 March 2015)
	Ms K Kher
	Ms L Okeke (appointed 6 March 2015)
	Mr R P Branson


REGISTERED NUMBER	04942512


REGISTERED OFFICE	23 Glazbury Road
	West Kensington
	London
	W14 9AS


ACCOUNTANTS	Wellden Turnbull Ltd
	Chartered Accountants
	Munro House
	Portsmouth Road
	Cobham
	Surrey
	KT11 1PP

23 GLAZBURY ROAD (MANAGEMENT) LIMITED

CONTENTS

	Page
Directors' report	1
Accountants' report	2
Profit and loss account	3
Balance sheet	4
Notes to the financial statements	5 - 6

23 GLAZBURY ROAD (MANAGEMENT) LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2015

The directors present their report and the financial statements for the year ended 31 December 2015.

PRINCIPAL ACTIVITY

The principal activity of the company during the year under review continued to be that of holding the freehold for 23 Glazbury Road.

DIRECTORS

The directors who served during the year were:

Mr C Brewerton (resigned 6 March 2015)

Ms K Kher

Ms L Okeke (appointed 6 March 2015)

Mr R P Branson

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 28 September 2016 and signed on its behalf.

Mr R P Branson

Director

Page 1

23 GLAZBURY ROAD (MANAGEMENT) LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 23 GLAZBURY ROAD (MANAGEMENT) LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 23 Glazbury Road (Management) 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 to us.

As a 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/regulations.

This report is made solely to the board of directors of 23 Glazbury Road (Management) Limited, as a body, in accordance with the terms of our engagement as detailed at wtca.co.uk/company-terms-conditions. Our work has been undertaken solely to prepare for your approval the financial statements of 23 Glazbury Road (Management) Limited and state those matters that we have agreed to state to them 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 23 Glazbury Road (Management) Limited and its board of directors, as a body, for our work or for this report.

It is your duty to ensure that 23 Glazbury Road (Management) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and profit. You consider that 23 Glazbury Road (Management) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of 23 Glazbury Road (Management) 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.

Wellden Turnbull Ltd

Chartered Accountants

Munro House

Portsmouth Road

Cobham

Surrey

KT11 1PP

28 September 2016

Page 2

23 GLAZBURY ROAD (MANAGEMENT) LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2015

		2015	2014
	Note	£	£
Other operating income	2	40,500	-
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION		40,500	-
Tax on profit on ordinary activities	3	-	-
PROFIT FOR THE FINANCIAL YEAR	7	40,500	-

The notes on pages 5 to 6 form part of these financial statements.

Page 3

23 GLAZBURY ROAD (MANAGEMENT) LIMITED

REGISTERED NUMBER: 04942512

BALANCE SHEET

AS AT 31 DECEMBER 2015

2015

2014

	Note	£	£	£	£
FIXED ASSETS
Tangible assets	4		45,786		45,786

CURRENT ASSETS
Cash at bank		40,500		-
CREDITORS: amounts falling due within one year	5	(45,783)		(45,783)
NET CURRENT LIABILITIES			(5,283)		(45,783)

NET ASSETS

40,503

CAPITAL AND RESERVES
Called up share capital	6	3	3
Profit and loss account	7	40,500	-

SHAREHOLDERS' FUNDS

40,503

For the year ending 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 ("the Act") relating to small companies.

Directors' responsibilities:
 

·The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

·The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 September 2016.

Mr R P Branson

Director

The notes on pages 5 to 6 form part of these financial statements.

Page 4

23 GLAZBURY ROAD (MANAGEMENT) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		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).

	1.2	Tangible fixed assets and depreciation
		Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property

not depreciated

	1.3	Bank and cash balances
		All balances held in cash or in bank accounts under the company's control are held in trust on behalf of the leaseholders in accordance with s42 of the Landlords and Tenants Act 1987.

2.OTHER OPERATING INCOME

	2015	2014
	£	£
Sundry income	40,500	-

3.TAXATION

4.TANGIBLE FIXED ASSETS

		Freehold property
		£
	Cost
	At 1 January 2015 and 31 December 2015	45,786

	Depreciation
	At 1 January 2015 and 31 December 2015	-

	Net book value
	At 31 December 2015	45,786
	At 31 December 2014	45,786

Page 5

23 GLAZBURY ROAD (MANAGEMENT) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

5.CREDITORS:
Amounts falling due within one year

	2015	2014
	£	£
Other creditors	45,783	45,783

6.SHARE CAPITAL

	2015	2014
	£	£
Allotted, called up and fully paid

3 Ordinary shares of £1 each	3	3

7.RESERVES

		Profit and loss account
		£

	Profit for the financial year	40,500


	At 31 December 2015	40,500

8.CONTROLLING PARTY

The company is controlled by its directors. There is no ultimate controlling party.

Page 6