74 St Mark's Road Management Co Ltd - Limited company accounts 16.3

74 St Mark's Road Management Co Ltd - Limited company accounts 16.3

74 ST. MARK'S ROAD MANAGEMENT COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 02669679 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

74 ST MARK'S ROAD MANAGEMENT CO LTD

74 ST MARK'S ROAD MANAGEMENT CO LTD (REGISTERED NUMBER: 02669679)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


74 ST MARK'S ROAD MANAGEMENT CO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: Dr P Lacey
Ms S M Taylor
A Spencer





SECRETARY: Ms S M Taylor





REGISTERED OFFICE: Flat 1
74 St Mark's Road
Henley on Thames
Oxfordshire
RG9 1LW





REGISTERED NUMBER: 02669679 (England and Wales)





ACCOUNTANTS: Johnsons, Chartered Accountants
2nd Floor
109 Uxbridge Road
Ealing
London
W5 5TL
Page 1
74 ST MARK'S ROAD MANAGEMENT CO LTD (REGISTERED NUMBER: 02669679)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2016

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

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of managing the mutual interest of the residents
of 74 St Mark's Road, Henley on Thames.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2016 to the date of this
report.

Dr P Lacey
Ms S M Taylor

Other changes in directors holding office are as follows:

Miss J M Mitchel - resigned 7 April 2016
A Spencer - appointed 18 May 2016

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:





Ms S M Taylor - Director


28 March 2017

Page 2
74 ST MARK'S ROAD MANAGEMENT CO LTD (REGISTERED NUMBER: 02669679)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2016

2016 2015
Notes £    £   

TURNOVER 4,165 3,000

Administrative expenses 2,928 2,999
OPERATING SURPLUS 1,237 1

Interest receivable and similar income - 8
SURPLUS BEFORE TAXATION 1,237 9

Tax on surplus - -
SURPLUS FOR THE FINANCIAL YEAR 1,237 9

The notes form part of these financial statements

Page 3
74 ST MARK'S ROAD MANAGEMENT CO LTD (REGISTERED NUMBER: 02669679)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Cash at bank 1,616 329

CREDITORS
Amounts falling due within one year 3 350 300
NET CURRENT ASSETS 1,266 29
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,266
29

RESERVES
Income and expenditure account 4 1,266 29
1,266 29

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 surplus or deficit 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 28 March 2017 and were signed on its behalf by:





Ms S M Taylor - Director


The notes form part of these financial statements

Page 4
74 ST MARK'S ROAD MANAGEMENT CO LTD (REGISTERED NUMBER: 02669679)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

74 St Mark's Road Management Co Ltd is a private company, limited by guarantee , 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.

Service charges
Service charges are charged to the residents each year based on the budgeted expenditure. Any deficit or surplus
arising where the actual expenditure does not equal the budgeted expenditure is reflected in the accounts as a
debtor or creditor and is recovered from, or refunded to, residents in the course of the allowing year.

Maintenance reserve
The company is liable to ensure that certain areas, external to the flats, are kept in good repair and decorative
order. This includes major redecorative work every few years. It has been decided that a separate reserve should
be maintained to cover the expected costs, and appropriations are made from the income and expenditure
account for this purpose.

Taxation
The company is a non-profit making enterprise and surpluses or deficits arising as a result of differences between
service charges levied (based on estimated costs) and actual costs incurred do not fall within the scope of
corporation tax. Tax is payable on investment income only.

3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Accrued expenses 350 300

4. RESERVES
Income
and
expenditure
account
£   

At 1 January 2016 29
Surplus for the year 1,237
At 31 December 2016 1,266

5. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee of members and does not have a share capital. The liability of members is
limited to £1. On winding up of the company, any surplus assets that exist must be transferred to another body or
bodies having objects similar to those of the company.

6. CONTROLLING PARTY

The company is controlled by the members - residents and owners of flat at 74 St Mark's Road.

Page 5