Swallows Oak (2) Residents Association Limited - Period Ending 2016-09-30

Registration number: 02572209

Swallows Oak (2) Residents Association Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2016
 

A J Wheeler Limited
Chartered Certified Accountants
338 London Road
Portsmouth
Hampshire
PO2 9JY

Swallows Oak (2) Residents Association Limited
Contents

Company Information 1

Directors' Report 2

Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 6

Swallows Oak (2) Residents Association Limited
Company Information

Directors

Mr Peter John Serlin Mr Emlyn David Parry Eshwan Seedoyal

Company secretary

Cosec Management Services Limited

Registered office

North Point, Stafford Drive Battlefield Enterprise Park Shrewsbury Shropshire SY1 3BF

Accountants

A J Wheeler Limited Chartered Certified Accountants 338 London Road Portsmouth Hampshire PO2 9JY

Page 1

Swallows Oak (2) Residents Association Limited
Directors' Report for the Year Ended 30 September 2016

The directors present their report and the unaudited financial statements for the year ended 30 September 2016.

Directors of the company

The directors who held office during the year were as follows:

Mr Peter John Serlin

Mr Emlyn David Parry

Eshwan Seedoyal (appointed 18 February 2016)

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 29 November 2016 and signed on its behalf by:

.........................................
Mr Peter John Serlin
Director

Page 2

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Swallows Oak (2) Residents Association Limited
for the Year Ended 30 September 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Swallows Oak (2) Residents Association Limited for the year ended 30 September 2016 set out on pages 4 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Swallows Oak (2) Residents Association Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Swallows Oak (2) Residents Association Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swallows Oak (2) Residents Association Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Swallows Oak (2) Residents Association Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Swallows Oak (2) Residents Association Limited. You consider that Swallows Oak (2) Residents Association 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 accounts of Swallows Oak (2) Residents Association 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 accounts.

......................................

A J Wheeler Limited
Chartered Certified Accountants
338 London Road
Portsmouth
Hampshire
PO2 9JY

29 November 2016

Page 3

Swallows Oak (2) Residents Association Limited
Profit and Loss Account for the Year Ended 30 September 2016

		Note			2016 £			2015 £
Turnover					-			-
Operating profit/(loss)					-			-
Profit/(loss) on ordinary activities before taxation					-			-
Profit/(loss) for the financial year					-			-

The notes on page 6 form an integral part of these financial statements.
Page 4

Swallows Oak (2) Residents Association Limited
(Registration number: 02572209)
Balance Sheet at 30 September 2016

		Note			2016 £			2015 £
Current assets
Debtors		2			8			8
Capital and reserves
Called up share capital		3			8			8
Shareholders' funds					8			8

These accounts 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 2015).

For the year ending 30 September 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

Approved and authorised for issue by the Board on 29 November 2016 and signed on its behalf by:

.........................................
Mr Peter John Serlin
Director

The notes on page 6 form an integral part of these financial statements.
Page 5

Swallows Oak (2) Residents Association Limited
Notes to the Financial Statements for the Year Ended 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

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). Under the Landlord and Tenant act 1987 the financial transactions are shown within separate service charge accounts prepared and controlled as per section 42. The company acts as trustees and not as principle and as such no financial transactions are disclosed within these financial statements as recommended in TECH03/11

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Debtors

		2016 £			2015 £
Other debtors		8			8

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary share capital of £1 each		8			8			8			8

4

Control

The company is controlled by the directors who own 0% of the called up share capital.

Page 6