Gordon Place Management Company Limited - Limited company accounts 16.3

REGISTERED NUMBER: 02626373 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2016

FOR

GORDON PLACE MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

A Grossman

Mrs L M Challis-Wagstaff

A J Jackson

SECRETARY:

Sutherland Corporate Services Limited

REGISTERED OFFICE:

Sutherland House

1759 London Road

Leigh on Sea

Essex

SS9 2RZ

REGISTERED NUMBER:

02626373 (England and Wales)

ACCOUNTANTS:

Platt Rushton LLP

Chartered Accountants

Sutherland House

1759 London Road

Leigh On Sea

Essex

SS9 2RZ

BANKERS:

Barclays Bank plc

174 High Street

Southend on Sea

Essex

SS1 1JS

The directors present their report with the financial statements of the company for the year ended 30th June 2016.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the ownership and administration of the

freehold of the properties at Gordon Place, Southend on Sea, Essex.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st July 2015 to the date of this report.

A Grossman

Mrs L M Challis-Wagstaff

Other changes in directors holding office are as follows:

E C Mortimer - resigned 17th June 2016

A J Jackson - appointed 21st October 2015

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:

Mrs L M Challis-Wagstaff - Director

22nd March 2017

TURNOVER

11,300

Cost of sales

9,594

9,509

GROSS PROFIT

1,706

1,791

Administrative expenses

1,706

1,791

OPERATING PROFIT

-

Interest receivable and similar income

26

24

PROFIT BEFORE TAXATION

26

24

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

26

24

FIXED ASSETS

Tangible assets

3

96

CURRENT ASSETS

Debtors

4

276

Cash at bank

51,758

51,732

52,034

52,008

CREDITORS

Amounts falling due within one year

5

1,056

NET CURRENT ASSETS

50,978

50,952

TOTAL ASSETS LESS CURRENT
LIABILITIES

51,074

51,048

CAPITAL AND RESERVES

Called up share capital

102

Other reserves

9,450

Retained earnings

41,522

41,496

SHAREHOLDERS' FUNDS

51,074

51,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

The financial statements were approved by the Board of Directors on 22nd March 2017 and were signed on its behalf
by:

Mrs L M Challis-Wagstaff - Director

1.	STATUTORY INFORMATION

Gordon Place Management Company Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st July 2015

and 30th June 2016

96

NET BOOK VALUE

At 30th June 2016

96

At 30th June 2015

96

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Other debtors

276

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Other creditors

1,056

6.	ULTIMATE CONTROLLING PARTY

There is no controlling party. All residents hold shares and are entitled to vote.