Waterford Court Residents Management Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 02030372 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

WATERFORD COURT RESIDENTS MANAGEMENT

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T Kazi

M Myers

Miss E Gawlowska

S A Salter

Ms N S Goolamali

Dr. E Hui

REGISTERED OFFICE:

c/o Best Gapp & Cassells

81 Elizabeth Street

London

SW1W 9PG

REGISTERED NUMBER:

02030372 (England and Wales)

ACCOUNTANTS:

COLIN GRAY & CO. LIMITED

Chartered Accountants

Hardy House

Northbridge Road

Berkhamsted

Hertfordshire

HP4 1EF

FIXED ASSETS

Tangible assets

2

15,339

15,339

CURRENT ASSETS

Debtors

8,914

5,482

Cash at bank

29,452

39,666

38,366

45,148

CREDITORS

Amounts falling due within one year

10,340

3,124

NET CURRENT ASSETS

28,026

42,024

TOTAL ASSETS LESS CURRENT LIABILITIES

43,365

57,363

CAPITAL AND RESERVES

Called up share capital

3

23

23

Freehold interest reserve

15,339

15,339

Major repairs reserve

22,683

22,683

Profit and loss account

5,320

19,318

SHAREHOLDERS' FUNDS

43,365

57,363

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 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 30 November 2016 and were signed on its behalf by:

M Myers - Director

T Kazi - 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

Income represents service charges and ground rent received during the year.

Freehold interest

The Company purchased the Freehold interest in Waterford Court in 1993 at a cost of £15,339.

No depreciation charge has been provided for on the grounds that the annual depreciation charge and the

accumulated depreciation are immaterial due to the estimated residual value of the freehold being in excess of

the freehold's carrying amount.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

15,339

NET BOOK VALUE

At 31 March 2016

15,339

At 31 March 2015

15,339

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

23

Ordinary

£1

23

23

4.	CONTROL AND RELATED PARTY TRANSACTIONS

The company is controlled by the tenants as shareholders who hold equal shares, acting in concert.

At the year end, there were outstanding service charges receivable of £1,598 (2015: £3,757).