Montdore House Maintenance Limited - Limited company accounts 16.3

REGISTERED NUMBER: 01479942 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

MONTDORE HOUSE MAINTENANCE LIMITED

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTOR:

D Fernandes-Reyes

SECRETARY:

Ringley Limited

REGISTERED OFFICE:

349 Royal College Street

London

NW1 9QS

REGISTERED NUMBER:

01479942 (England and Wales)

ACCOUNTANTS:

Websters

12 Melcombe Place

Marylebone

London

NW1 6JJ

The director presents her report with the financial statements of the company for the year ended 31 December 2016.

PRINCIPAL ACTIVITY

The company's activities comprise the control, supervision and management, on behalf of the lessees, of the site known

as Montdore House, 26-30 Highgate Hill, London N19 5NL. Montdore Investments Limited of 26-30 Highgate Hill

Highgate, London N19 5NL owns the reversionary freehold interest.

DIRECTOR

D Fernandes-Reyes held office during the whole of the period from 1 January 2016 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with

applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director

has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve

the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company

and of the profit or loss of the company for that period. In preparing these financial statements, the director is required

to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company and

enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for

safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud

and other irregularities.

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:

D Fernandes-Reyes - Director

29 September 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Montdore House Maintenance Limited for the year ended 31 December 2016 which comprise the

Income Statement, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Montdore House Maintenance Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Montdore House Maintenance Limited and state those matters that we have agreed to state to the director of Montdore House Maintenance Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Montdore House Maintenance Limited director for our work or for this report.

It is your duty to ensure that Montdore House Maintenance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Montdore House Maintenance Limited. You consider that Montdore House Maintenance 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 financial statements of Montdore House Maintenance 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 financial statements.

Websters

12 Melcombe Place

Marylebone

London

NW1 6JJ

29 September 2017

SERVICE CHARGE RECEIVABLE

16,084

15,092

Service charge expenditure

(16,084

)

(15,092

)

GROSS PROFIT

-

OPERATING PROFIT and

PROFIT BEFORE TAXATION

4

-

Tax on profit

5

-

PROFIT FOR THE FINANCIAL YEAR

-

CURRENT ASSETS

Debtors

6

1,964

2,417

CREDITORS

Amounts falling due within one year

7

(1,864

)

(2,317

)

NET CURRENT ASSETS

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

100

CAPITAL AND RESERVES

Called up share capital

100

SHAREHOLDERS' FUNDS

100

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 director acknowledges her 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 director on 29 September 2017 and were signed by:

D Fernandes-Reyes - Director

1.	STATUTORY INFORMATION

Montdore House Maintenance 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 are also prepared in accordance with the Institute of Chartered Accountants in England

and Wales ("ICAEW") Technical Release "Tech 03/11" and taking account of subsequent legal counsel's opinion

obtained separately by both ICAEW and the Financial Reporting Council in determining whether a management

company acts as principal when contracting with third party suppliers to the property's service charge.

Service charges receivable

Service charges receivable comprises the reimbursement of service charge expenditure deployed by the

management company on behalf of the service charge fund for Montdore House.

Recognition of income

Service charges receivable is recognised in the financial statements concurrently with the recognition of the

service charge expenditure that is being funded.

3.	EMPLOYEES AND DIRECTORS

There were no employees during the year.

4.	OPERATING PROFIT

The directors received no remuneration in respect of their services to the company for the year.

5.

TAXATION

Service charge funds are held by the company in trust for the tenants and hence any income tax chargeable at

the rate applicable to such trusts is not reflected in these accounts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Other debtors

1,964

2,417

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Trade creditors

-

145

Other creditors

1,864

2,172

1,864

2,317

Included within other creditors is a balance of £404 (2015: £204) due to the service charge fund which is held in

trust by the company for the benefit of the lessees of Montdore House, 26-30 Highgate Hill, London N19 5NL.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by a voting majority of its shareholders and accordingly there is no controlling related

party.