Temple Quay Management Limited - Limited company accounts 16.1

REGISTERED NUMBER: 04035406 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

TEMPLE QUAY MANAGEMENT LIMITED

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

J D Mellings

D A Warburton

SECRETARY:

I S Padbury

REGISTERED OFFICE:

C/O GVA Grimley Ltd

3 Brindley Place

Birmingham

B1 2JB

REGISTERED NUMBER:

04035406 (England and Wales)

ACCOUNTANTS:

Websters

12 Melcombe Place

Marylebone

London

NW1 6JJ

The directors present their report with the financial statements of the company for the year ended 31 March 2016.

PRINCIPAL ACTIVITY

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

the site known as Temple Quay, Bristol.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2015 to the date of this

report.

J D Mellings

D A Warburton

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in

accordance with applicable law and regulations.

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

the directors have 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 directors must not approve the financial statements unless they are 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 directors are 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 directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They

are 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:

J D Mellings - Director

22 December 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 Temple Quay Management Limited for the year ended 31 March 2016 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 Board of Directors of Temple Quay Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Temple Quay Management Limited and state those matters that we have agreed to state to the Board of Directors of Temple Quay Management Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Temple Quay Management 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 Temple Quay Management Limited. You consider that Temple Quay Management 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 Temple Quay 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.

Websters

12 Melcombe Place

Marylebone

London

NW1 6JJ

22 December 2016

SERVICE CHARGES RECEIVABLE

403,505

440,581

Service charge expenditure

(419,064

)

(449,623

)

GROSS LOSS

(15,559

)

(9,042

)

Administrative expenses

(1,863

)

(2,063

)

(17,422

)

(11,105

)

Other operating income

17,250

10,782

OPERATING LOSS

2

(172

)

(323

)

Interest receivable and similar income

172

323

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

-

Tax on profit on ordinary activities

3

-

PROFIT FOR THE FINANCIAL YEAR

-

FIXED ASSETS

Tangible assets

4

-

CURRENT ASSETS

Debtors

5

254,461

217,515

Cash at bank

47,653

60,059

302,114

277,574

CREDITORS

Amounts falling due within one year

6

(301,118

)

(276,578

)

NET CURRENT ASSETS

996

TOTAL ASSETS LESS CURRENT
LIABILITIES

996

CAPITAL AND RESERVES

Called up share capital

7

996

SHAREHOLDERS' FUNDS

996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 22 December 2016 and were signed on
its behalf by:

J D Mellings - 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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life :

Plant and machinery - 25% straight line

Service charges receivable

Service charges receivable represents costs incurred in respect of the year which are recoverable from

the owners or occupiers of the site. Amounts are charged quarterly on account and any surplus or

deficit is credited or charged to the same parties, resulting in no profit or loss to the company.

2.	OPERATING LOSS

The operating loss is stated after charging:

31.3.16

31.3.15

£

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 31 March 2016 nor for

the year ended 31 March 2015.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2015

and 31 March 2016

120,135

DEPRECIATION

At 1 April 2015

and 31 March 2016

120,135

NET BOOK VALUE

At 31 March 2016

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.16

31.3.15

£

Trade debtors

186,250

171,343

Other debtors

68,211

46,172

254,461

217,515

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.16

31.3.15

£

Trade creditors

350

Other creditors

300,768

276,228

301,118

276,578

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

994

Ordinary Shares

£1

994

2

Special Shares

£1

2

996

8.

RESERVES

Profit

and loss

account

£

Profit for the year

-

At 31 March 2016

-

9.	RELATED PARTY DISCLOSURES

The company is owned by the occupiers of various buildings which together comprise Temple Quay,

Bristol. All of the income and expenditure during the year relate to the control, supervision and

management of the estate. Amounts shown as trade debtors in note 6 relate to amounts recoverable

from the occupiers in relation to such expenditure.

10.	ULTIMATE CONTROLLING PARTY

The directors are of the opinion that the company has no ultimate controlling party.