The Point at Sleaford Management Co Ltd - Limited company accounts 16.3

The Point at Sleaford Management Co Ltd - Limited company accounts 16.3


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REGISTERED NUMBER: 05617101 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2016

FOR

THE POINT AT SLEAFORD MANAGEMENT
COMPANY LIMITED

THE POINT AT SLEAFORD MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 05617101)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2016




Page

Company Information 1

Report of the Directors 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 5


THE POINT AT SLEAFORD MANAGEMENT
COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 30th September 2016







DIRECTORS: D E Hugill
R Pryor





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 05617101 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

THE POINT AT SLEAFORD MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 05617101)

REPORT OF THE DIRECTORS
for the Year Ended 30th September 2016

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

DIRECTOR
P J R Barker held office from 1st October 2015 until after 30th September 2016 but prior to the date of this report.
D E Hugill and R Pryor were appointed as directors after 30th September 2016 but prior to the date of this report.

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:





D E Hugill - Director


22nd June 2017

THE POINT AT SLEAFORD MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 05617101)

PROFIT AND LOSS ACCOUNT
for the Year Ended 30th September 2016

30/9/16 30/9/15
Notes £    £   

TURNOVER 20,419 20,681

Service Charge Expenditure 20,419 20,681
OPERATING PROFIT and
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

-

-

Tax on profit on ordinary activities 3 - -
PROFIT FOR THE FINANCIAL YEAR - -

THE POINT AT SLEAFORD MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 05617101)

BALANCE SHEET
30th September 2016

30/9/16 30/9/15
Notes £    £   
CURRENT ASSETS
Debtors 4 1,754 1,498
Cash at bank 21,973 18,944
23,727 20,442
CREDITORS
Amounts falling due within one year 5 22,727 19,442
NET CURRENT ASSETS 1,000 1,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000

1,000

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
SHAREHOLDERS' FUNDS 1,000 1,000

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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





D E Hugill - Director


THE POINT AT SLEAFORD MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 05617101)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2016

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).

Contributions receivable
Turnover comprises service charge contributions receivable for the year. This includes any recoverable service
charge deficits that arise during the year. Contributions are receivable from the leaseholders in specified
proportions based on the budget prepared by the managing agents and in accordance with the provisions of each
lease.

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

Reserve fund
The Reserve Fund is held on trust on behalf of the leaseholders and is intended to contribute towards the cost of
future non-annual expenditure.

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, and the way in which surpluses and deficits are dealt
with.

2. OPERATING PROFIT

The operating profit is stated after charging:

30/9/16 30/9/15
£    £   

Director's remuneration and other benefits etc - -

3. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose on ordinary activities for the year ended 30th September 2016 nor for
the year ended 30th September 2015.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/16 30/9/15
£    £   
Trade debtors 504 498
Other debtors 1,000 1,000
Prepayments 250 -
1,754 1,498

THE POINT AT SLEAFORD MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 05617101)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2016

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/16 30/9/15
£    £   
Payments on account 10,093 8,507
Trade creditors 712 1,007
VAT 922 928
Reserve Fund 10,000 8,000
Accrued expenses 1,000 1,000
22,727 19,442

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/16 30/9/15
value: £    £   
1,000 Ordinary £1 1,000 1,000

7. RESERVES
Profit
and loss
account
£   

Profit for the year -
At 30th September 2016 -

8. CONTINGENT LIABILITIES

The company had no contingent liabilities at 30th September 2016 (2015 - Nil).

9. CAPITAL COMMITMENTS
30/9/16 30/9/15
£    £   
Contracted but not provided for in the
financial statements - -

10. ULTIMATE CONTROLLING PARTY

NHS Property Services Ltd held 679 ordinary shares in the company at 30th September 2016 (2015 - 679).