Hillcrest Leaseholders' Association Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 02475593 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

HILLCREST LEASEHOLDERS' ASSOCIATION LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Miss C J Caldwell

F Reynold QC

Miss W M Hyde

V K Koblizek

Mrs D E Murphy

M De Rosee

Mrs J T Reid

SECRETARY:

Johnsons Financial Management Ltd

REGISTERED OFFICE:

2nd Floor

109 Uxbridge Road

London

W5 5TL

REGISTERED NUMBER:

02475593 (England and Wales)

ACCOUNTANTS:

Johnsons, Chartered Accountants

2nd Floor

109 Uxbridge Road

Ealing

London

W5 5TL

FIXED ASSETS

Tangible assets

2

72,369

72,369

CURRENT ASSETS

Debtors

38

-

Cash at bank

37,652

23,146

37,690

23,146

CREDITORS

Amounts falling due within one year

(30,191

)

(19,180

)

NET CURRENT ASSETS

7,499

3,966

TOTAL ASSETS LESS CURRENT LIABILITIES

79,868

76,335

CAPITAL AND RESERVES

Called up share capital

3

22

22

Share premium

78,679

78,679

Profit and loss account

1,167

(2,366

)

SHAREHOLDERS' FUNDS

79,868

76,335

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 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 September 2016 and were signed on its behalf by:

F Reynold QC - Director

M De Rosee - 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).

Turnover

Turnover represents ground rents received from residents and rent received from porter's flat.

Tangible fixed assets

Tangible fixed assets are stated at historic cost. Depreciation is not provided on the freehold property because its

open market value exceeds its historic cost. The departure from the requirements of The Companies Act 2006 is

considered necessary in order to show a true and fair view.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

72,369

NET BOOK VALUE

At 31 December 2015

72,369

At 31 December 2014

72,369

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

22

Ordinary

£1

22

22

4.	CONTROLLING PARTY

The company is controlled by the directors.