West End Mews Management Company Limited - Limited company accounts 16.3

REGISTERED NUMBER: 04784242 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2016

FOR

WEST END MEWS MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Report of the Directors

2

Income and Expenditure Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

A J Clark MBE

G Gent

SECRETARY:

Town & City Secretaries Ltd

REGISTERED OFFICE:

2nd Floor

North Point

Faverdale

Darlington

Co. Durham

DL3 0PH

REGISTERED NUMBER:

04784242 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

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

DIRECTORS

A J Clark MBE has held office during the whole of the period from 1st July 2015 to the date of this report.

Other changes in directors holding office are as follows:

R Hobson - resigned 29th January 2016

G Gent - appointed 29th January 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:

A J Clark MBE - Director

12th April 2017

INCOME

8,499

8,661

Service charge expenditure

9,385

7,880

OPERATING (DEFICIT)/SURPLUS

2

(886

)

781

Interest receivable and similar income

4

(DEFICIT)/SURPLUS ON ORDINARY
ACTIVITIES BEFORE TAXATION

(882

)

785

Tax on (deficit)/surplus on ordinary
activities

3

1

(DEFICIT)/SURPLUS FOR THE
FINANCIAL YEAR

(883

)

784

CURRENT ASSETS

Debtors

4

5,246

5,751

CREDITORS

Amounts falling due within one year

5

5,246

5,751

TOTAL ASSETS LESS CURRENT
LIABILITIES

-

RESERVES

-

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 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 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 12th April 2017 and were signed on its behalf by:

A J Clark MBE - 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).

Income

During the year the company received monies from lessees, as agent, relating to service charges and associated

income, which are held on trust and do not constitute turnover.

Presentation of the profit and loss account

The presentation of the Profit and Loss Account on page 3 has been modified from the prescribed format for

Company accounts in order to provide more information to lessees and other parties who may be interested in the

expenditure incurred in the management of the property.

2.	OPERATING (DEFICIT)/SURPLUS

The operating deficit (2015 - operating surplus) is stated after charging:

30/6/16

30/6/15

£

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the deficit on ordinary activities for the year was as follows:

30/6/16

30/6/15

£

Current tax:

UK corporation tax

1

Tax on (deficit)/surplus on ordinary activities

1

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/16

30/6/15

£

Trade debtors

843

554

Other debtors

4,403

5,197

5,246

5,751

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/16

30/6/15

£

Trade creditors

1,614

2,073

Other creditors

3,632

3,678

5,246

5,751

6.

RESERVES

Income

and

expenditure

account

£

Deficit for the year

(883

)

Transfer (to)/from service charge
account

883

At 30th June 2016

-

7.	CONTINGENT LIABILITIES

The company had no contingent liabilities for the year ended 30th June 2016 (2015 - none).

8.	CAPITAL COMMITMENTS

30/6/16

30/6/15

£

Contracted but not provided for in the

financial statements

-

9.	LIMIT OF MEMBERS LIABILITY

The Company is limited by guarantee and the liability of its members is limited to £1 each.