Crompton Court Residents Association Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 01377466 (England and Wales)

Financial Statements for the Year Ended 31 December 2017

for

Crompton Court Residents Association

Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTORS:

Miss K A Egerton

Miss H V Tetlow

Mrs J Griffiths

Mrs B Usher

SECRETARY:

Miss K A Egerton

REGISTERED OFFICE:

61 Stanley Road

Bootle

Liverpool

Merseyside

L20 7BZ

REGISTERED NUMBER:

01377466 (England and Wales)

ACCOUNTANTS:

Kinsella Clarke Limited

61 Stanley Road

Bootle

Merseyside

L20 7BZ

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

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

financial statements of Crompton Court Residents Association Limited for the year ended 31 December 2017 which

comprise the Income Statement, Statement of Financial Position 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 Board of Directors of Crompton Court Residents Association Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crompton Court Residents Association Limited and state those matters that we have agreed to state to the Board of Directors of Crompton Court Residents Association Limited, as a body, 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 Crompton Court Residents Association Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Crompton Court Residents Association 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 Crompton Court Residents Association Limited. You consider that Crompton Court Residents Association 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 Crompton Court Residents Association 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.

Kinsella Clarke Limited

61 Stanley Road

Bootle

Merseyside

L20 7BZ

28 March 2018

FIXED ASSETS

Tangible assets

4

22,750

22,750

CURRENT ASSETS

Debtors

5

36

36

NET CURRENT ASSETS

36

36

TOTAL ASSETS LESS CURRENT LIABILITIES

22,786

22,786

CAPITAL AND RESERVES

Called up share capital

36

36

Other reserves

22,750

22,750

SHAREHOLDERS' FUNDS

22,786

22,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 March 2018 and were signed on its behalf by:

Miss K A Egerton - Director

1.	STATUTORY INFORMATION

Crompton Court Residents Association 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.

Tangible fixed assets

Depreciation on land and buildings has not been provided.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Cash balances

Per the conclusions reached within FRED 50 we confirm that as at the year end the cash balance held in trust

under section 42 of the Landlord and Tenant Act (1987) from service charges amounted to £29,212 (2016 -

£22,599)

Debtors and creditors

As at the year end £3,329 (2016 - £9,127) was due from service charges raised but not yet paid. Other debtors

amounted to £560 (2016 - £634)

Trade and other creditors at 31st December 2016 amounted to £16 (2016 - £947)

Accrued expenses at at 31st December 2016 amounted to £1,140 (2016- £798)

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2017

and 31 December 2017

22,750

NET BOOK VALUE

At 31 December 2017

22,750

At 31 December 2016

22,750

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

36

36