Montpellier Parade Limited - Limited company accounts 16.3

REGISTERED NUMBER: 03664163 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2016

FOR

MONTPELLIER PARADE LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Ms V Gregory

Ms M T Henry

P H Meyrick

J Pearson

S E Wright

SECRETARY:

Town & City Secretaries Ltd

REGISTERED OFFICE:

2nd Floor

North Point

Faverdale North

Darlington

Co. Durham

DL3 0PH

REGISTERED NUMBER:

03664163 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the management and administration of the

property known as 8-12 Montpellier Parade, Harrogate, North Yorkshire.

DIRECTORS

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

report.

Ms V Gregory

Ms M T Henry

P H Meyrick

J Pearson

S E Wright

Other changes in directors holding office are as follows:

K J Crawley - resigned 31st May 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:

S E Wright - Director

7th September 2017

INCOME

19,686

15,638

Service charge expenditure

35,923

8,825

OPERATING (LOSS)/PROFIT

(16,237

)

6,813

Interest receivable and similar income

14

9

(LOSS)/PROFIT BEFORE TAXATION

(16,223

)

6,822

Tax on (loss)/profit

3

2

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(16,226

)

6,820

CURRENT ASSETS

Debtors

4

30,684

34,895

CREDITORS

Amounts falling due within one year

5

30,558

34,769

NET CURRENT ASSETS

126

TOTAL ASSETS LESS CURRENT
LIABILITIES

126

CAPITAL AND RESERVES

Called up share capital

6

Retained earnings

7

120

SHAREHOLDERS' FUNDS

126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 7th September 2017 and were signed on its behalf
by:

S E Wright - Director

1.	STATUTORY INFORMATION

Montpellier Parade Limited 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.

Income

Income comprises service charge contributions and ground rents receivable from lessee on trust and are therefore

not turnover.

3.

TAXATION

Analysis of the tax charge

The tax charge on the loss for the year was as follows:

31/12/16

31/12/15

£

Current tax:

UK corporation tax

3

2

Tax on (loss)/profit

3

2

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/16

31/12/15

£

Trade debtors

184

5,966

Bank balances held by managing agent

29,927

28,677

Prepayments

573

252

30,684

34,895

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/16

31/12/15

£

Trade creditors

10,017

1,062

Reserve Fund

18,340

15,340

Service Charge Surplus

1,721

17,947

Accrued expenses

480

420

30,558

34,769

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/16

31/12/15

value:

£

6

Ordinary £1

£1

6

7.

RESERVES

Retained

earnings

£

At 1st January 2016

120

Deficit for the year

(16,226

)

Transfer to Reserve Fund

16,226

At 31st December 2016

120

8.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st December 2016 (2015 -None).

9.	FIRST YEAR ADOPTION

These financial statements are the first which the company has prepared in accordance with the provisions of

Financial Reporting Standard 102 (FRS 102), including those of Section 1A relating to "Small Entities". The

transition to FRS 102 has had no effect on any item included within the opening balance sheet of the comparative

period at 1st January 2015, the income statement for the comparative period ended 31st December 2015 or the

closing balance sheet of the comparative period at 31st December 2015.