Goodwood Court (Hove) Management Ltd - Accounts


Registered number
04553312
Goodwood Court (Hove) Management Ltd
Report and Accounts
30 September 2017
Goodwood Court (Hove) Management Ltd
Company Information
Directors
Dr N Higson
M Randall
C Higson
Secretary
S C Vincent FCCA ATT (Fellow)
Accountants
Albion Accounting and Taxation Services Ltd
35 Roman Avenue
Angmering
Littlehampton
West Sussex
BN16 4GH
Managing Agents
Priors
90 Western Road
Hove
East Sussex
BN3 1GG
Solicitors
Dean Wilson LLP
96 Church Street
Brighton
East Sussex
BN6 9RE
Registered office
35 Roman Avenue
Angmering
Littlehampton
West Sussex
BN16 4GH
Registered number
04553312
Goodwood Court (Hove) Management Ltd
Registered number: 04553312
Directors' Report
The directors present their report and accounts for the year ended 30 September 2017.
Principal activities
The company's principal activity during the year continued to be that of the management of the freehold located at Goodwood Court, 52 Cromwell Road, Hove, East Sussex on a non profit making basis.
Directors
The following persons served as directors during the year:
Dr N Higson
M Randall
C Higson
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 24 January 2018 and signed on its behalf.
Dr N Higson
Director
Goodwood Court (Hove) Management Ltd
Accountants' Report
Accountants' report to the directors of
Goodwood Court (Hove) Management Ltd
You consider that the company is exempt from an audit for the year ended 30 September 2017. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Albion Accounting and Taxation Services Ltd
Chartered Certified Accountants
35 Roman Avenue
Angmering
Littlehampton
West Sussex
BN16 4GH
24 January 2018
Goodwood Court (Hove) Management Ltd
Profit and Loss Account
for the year ended 30 September 2017
2017 2016
£ £
Turnover 37,813 37,648
Cost of sales - (2)
Gross profit 37,813 37,646
Administrative expenses (33,110) (45,394)
Other operating income - 14
Operating profit/(loss) 4,703 (7,734)
Profit on the disposal of tangible fixed assets - 23,661
Interest receivable 11 30
Profit before taxation 4,714 15,957
Tax on profit - (4,431)
Profit for the financial year 4,714 11,526
Goodwood Court (Hove) Management Ltd
Registered number: 04553312
Balance Sheet
as at 30 September 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 96,661 96,661
Current assets
Debtors 3 782 1,164
Cash at bank and in hand 43,952 43,427
44,734 44,591
Creditors: amounts falling due within one year 4 (4,140) (8,711)
Net current assets 40,594 35,880
Net assets 137,255 132,541
Capital and reserves
Called up share capital 8 8
Share premium 96,655 96,655
Reserves 40,592 35,878
Shareholders' funds 137,255 132,541
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr N Higson
Director
Approved by the board on 24 January 2018
Goodwood Court (Hove) Management Ltd
Notes to the Accounts
for the year ended 30 September 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents maintenance and reserve contributions made by individual flat owners.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:-
Freehold buildings Not provided
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2016 96,661
At 30 September 2017 96,661
Depreciation
At 30 September 2017 -
Net book value
At 30 September 2017 96,661
At 30 September 2016 96,661
3 Debtors 2017 2016
£ £
Other debtors 782 1,164
4 Creditors: amounts falling due within one year 2017 2016
£ £
Maintenance account balances 3,290 3,436
Taxation and social security costs - 4,425
Other creditors 850 850
4,140 8,711
5 Other information
Goodwood Court (Hove) Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
35 Roman Avenue
Angmering
Littlehampton
West Sussex
BN16 4GH
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