Hillcrest Leaseholders' Association Ltd - Limited company accounts 16.3

Hillcrest Leaseholders' Association Ltd - Limited company accounts 16.3

HILLCREST LEASEHOLDERS' ASSOCIATION LIMITED - Company Information

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REGISTERED NUMBER: 02475593 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

HILLCREST LEASEHOLDERS' ASSOCIATION LTD

HILLCREST LEASEHOLDERS' ASSOCIATION LTD (REGISTERED NUMBER: 02475593)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


HILLCREST LEASEHOLDERS' ASSOCIATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: Miss C J Caldwell
F Reynold QC
Miss W M Hyde
V K Koblizek
Mrs D E Murphy
M De Rosee
Mrs J T Reid
Dr E R Kaminski





SECRETARY: Johnsons Financial Management Ltd





REGISTERED OFFICE: 2nd Floor
109 Uxbridge Road
London
W5 5TL





REGISTERED NUMBER: 02475593 (England and Wales)





ACCOUNTANTS: Johnsons, Chartered Accountants
2nd Floor
109 Uxbridge Road
Ealing
London
W5 5TL
Page 1
HILLCREST LEASEHOLDERS' ASSOCIATION LTD (REGISTERED NUMBER: 02475593)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2016

The directors present their report with the financial statements of the company for the year ended 31 December 2016.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2016 to the date of this
report.

Miss C J Caldwell
F Reynold QC
Miss W M Hyde
V K Koblizek
Mrs D E Murphy
M De Rosee
Mrs J T Reid

Other changes in directors holding office are as follows:

Dr E R Kaminski - appointed 10 October 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:





V K Koblizek - Director


15 August 2017

Page 2
HILLCREST LEASEHOLDERS' ASSOCIATION LTD (REGISTERED NUMBER: 02475593)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2016

2016 2015
Notes £    £   

TURNOVER 15,567 15,567

Administrative expenses (13,766 ) (12,042 )
OPERATING PROFIT 1,801 3,525

Interest receivable and similar income 17 11
PROFIT BEFORE TAXATION 1,818 3,536

Tax on profit (3 ) (3 )
PROFIT FOR THE FINANCIAL YEAR 1,815 3,533

The notes form part of these financial statements

Page 3
HILLCREST LEASEHOLDERS' ASSOCIATION LTD (REGISTERED NUMBER: 02475593)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £   
FIXED ASSETS
Tangible assets 3 72,369 72,369

CURRENT ASSETS
Debtors 4 113 38
Cash at bank 20,483 37,652
20,596 37,690
CREDITORS
Amounts falling due within one year 5 (11,282 ) (30,191 )
NET CURRENT ASSETS 9,314 7,499
TOTAL ASSETS LESS CURRENT
LIABILITIES
81,683
79,868

CAPITAL AND RESERVES
Called up share capital 22 22
Share premium 78,679 78,679
Retained earnings 2,982 1,167
SHAREHOLDERS' FUNDS 81,683 79,868

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 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.

The financial statements were approved by the Board of Directors on 15 August 2017 and were signed on its behalf by:





V K Koblizek - Director


The notes form part of these financial statements

Page 4
HILLCREST LEASEHOLDERS' ASSOCIATION LTD (REGISTERED NUMBER: 02475593)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Hillcrest Leaseholders' Association Ltd is a private company, limited by shares , 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.

Turnover
Turnover represents ground rents received from residents and rent received from porter's flat.

Tangible fixed assets
Tangible fixed assets are stated at historic cost. Depreciation is not provided on the freehold property because its
open market value exceeds its historic cost. The departure from the requirements of The Companies Act 2006 is
considered necessary in order to show a true and fair view.

Taxation
The company is a non-profit making body owned by residents of Hillcrest, 51-57 Ladbroke Grove, London W11
3AX. Corporation tax is payable on investment income only.

3. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2016
and 31 December 2016 72,369
NET BOOK VALUE
At 31 December 2016 72,369
At 31 December 2015 72,369

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Service charges due 113 38

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Corporation tax 6 3
Other creditors 10,352 29,432
Accrued expenses 924 756
11,282 30,191

6. CONTROLLING PARTY

The company is controlled by the directors.

Page 5