Pier View Flats (Swanage) Limited - Period Ending 2014-07-31

PIER VIEW FLATS (SWANAGE) LIMITED - Company Information

Registration number: 01708168

Pier View Flats (Swanage) Limited

(A company limited by guarantee)

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2014

MKL Accountants Limited
Chartered Certified Accountants
Herston Cross House
230 High Street
Swanage
Dorset
BH19 2PQ

Pier View Flats (Swanage) Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Pier View Flats (Swanage) Limited
for the Year Ended 31 July 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pier View Flats (Swanage) Limited for the year ended 31 July 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Pier View Flats (Swanage) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Pier View Flats (Swanage) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pier View Flats (Swanage) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Pier View Flats (Swanage) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Pier View Flats (Swanage) Limited. You consider that Pier View Flats (Swanage) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Pier View Flats (Swanage) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MKL Accountants Limited
Chartered Certified Accountants
Herston Cross House
230 High Street
Swanage
Dorset
BH19 2PQ

6 November 2014

Page 1

Pier View Flats (Swanage) Limited
(Registration number: 01708168)
Abbreviated Balance Sheet at 31 July 2014

	Note	2014 £	2013 £
Fixed assets
Tangible fixed assets		4,429	3,926
Current assets
Debtors		2,123	3,677
Cash at bank and in hand		10,101	34,608
		12,224	38,285
Creditors: Amounts falling due within one year		(2,914)	(14,393)
Net current assets		9,310	23,892
Net assets		13,739	27,818
Capital and reserves
Capital redemption reserve		2,400	2,400
Profit and loss account		11,339	25,418
Shareholders' funds		13,739	27,818

For the year ending 31 July 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 6 November 2014 and signed on its behalf by:

.........................................
Mr PH Wood
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Pier View Flats (Swanage) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	10% Reducing balance method

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 August 2013	5,511	5,511
Additions	632	632
Disposals	(86)	(86)
At 31 July 2014	6,057	6,057
Depreciation
At 1 August 2013	1,585	1,585
Charge for the year	96	96
Eliminated on disposals	(53)	(53)
At 31 July 2014	1,628	1,628
Net book value
At 31 July 2014	4,429	4,429
At 31 July 2013	3,926	3,926

Page 3

Pier View Flats (Swanage) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

3	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £nil towards the assets of the company in the event of liquidation.

Page 4