LEITH_TOWERS_MANAGEMENT_L - Accounts

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

Leith Towers Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is KFH House, 5 Compton Road, Wimbledon, London, SW19 7QA.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Freehold property is accounted for on a historic cost basis in accordance with the Financial Reporting Standard for Smaller Entities.

Maintenance expenditure

Expenditure for cyclical maintenance is shown as a deduction from maintenance reserve which is set out in the notes to the accounts. This expenditure is not included in the Income and Expenditure Account. The annual transfer to maintenance reserve is shown in the Income and Expenditure Account and under the reserves note.

The average monthly number of persons (including directors) employed by the company during the year was 5 (2016 - 5).

Included in these accounts are the following amounts receivable from Lessees who were directors at any time during the year.

Service Charges             £13,006            (2016: £12,772)

Store Rental             £40            (2016: £NIL)

At 31st March 2017, £NIL (2016: £15) was paid in advance and £595 (2015: £486) paid in arrears in respect of the directors.