Carlton Gardens (Coventry) Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 00736926 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

CARLTON GARDENS ( COVENTRY )

RESIDENTS ASSOCIATION LIMITED

(A COMPANY LIMITED BY GUARANTEE)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T P M Houston

J M Gilbert

B Bassi

SECRETARY:

J M Gilbert

REGISTERED OFFICE:

5 Argosy Court

Scimitar Way

Whitley Business Park

Coventry

CV3 4GA

REGISTERED NUMBER:

00736926 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

5 Argosy Court

Scimitar Way

Whitley Business Park

Coventry

CV3 4GA

FIXED ASSETS

Tangible assets

3

101,670

101,670

CURRENT ASSETS

Debtors

4

2,147

2,017

Cash at bank

53,577

52,207

55,724

54,224

CREDITORS

Amounts falling due within one year

5

1,470

605

NET CURRENT ASSETS

54,254

53,619

TOTAL ASSETS LESS CURRENT LIABILITIES

155,924

155,289

RESERVES

Revaluation reserve

6

100,000

100,000

Capital redemption reserve

1,670

1,670

Income and expenditure account

54,254

53,619

155,924

155,289

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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 June 2017 and were signed on its behalf by:

T P M Houston - Director

1.	STATUTORY INFORMATION

Carlton Gardens ( Coventry ) Residents Association Limited 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 as modified by the revaluation of certain assets.

Income

Income is represented by contributions received from the tenants and other sundry receipts. The

company is not registered for value added tax.

Financial statements

The directors have taken advantage of section 396 of the Companies Act 2006 to report an income

statement not in the format required by the Act, but which in their opinion shows a true and fair view of

the income and expenditure for the year.

Freehold land and buildings

The company owns the freehold land and buildings known as Carlton Gardens, Warwick Avenue,

Earlsdon, Coventry. The freehold land and buildings are owned subject to 999 year leases issued to all

thirteen tenants in the early nineteen-sixties. The freehold land and buildings are shown in the balance

sheet at a directors' estimate of their current value. No depreciation is provided, the directors consider

this departure from the Companies Act 2006 to be necessary in order for the financial statements to

show a true and fair view.

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 January 2016

and 31 December 2016

101,670

NET BOOK VALUE

At 31 December 2016

101,670

At 31 December 2015

101,670

Cost or valuation at 31 December 2016 is represented by:

Freehold

property

£

Valuation in 1990

100,000

Cost

1,670

101,670

If freehold land and buildings had not been revalued they would have been included at the following

historical cost:

2016

2015

£

£

Cost

1,670

1,670

Value of land in freehold land and buildings

1,670

1,670

Freehold land was valued on an open market basis on 31 December 1990 by the directors .

The directors have given consideration to the value attached to the freehold land and buildings and are

of the opinion that this has not materially changed from that shown above. This being principally due to

the long leases granted to the thirteen tenants, the fact that a conservation order has been made over

the land, and that planning applications have been refused to build similar apartments in the near

vicinity.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

20

20

Other debtors

2,127

1,997

2,147

2,017

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other creditors

1,470

605

6.

RESERVES

Revaluation

reserve

£

At 1 January 2016

and 31 December 2016

100,000

7.	SHARE CAPITAL

The company is limited by guarantee and consequently has no share capital.