The Point at Sleaford Management Co Ltd - Limited company accounts 16.3
The Point at Sleaford Management Co Ltd - Limited company accounts 16.3
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
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 |
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: |
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 |
Service Charge Expenditure |
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 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors on |
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 | - |
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 |
Trade creditors |
VAT |
Reserve Fund | 10,000 | 8,000 |
Accrued expenses | 1,000 | 1,000 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/9/16 | 30/9/15 |
value: | £ | £ |
Ordinary | £1 |
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). |