65-104 Beaufort Mansions Freehold Limited - Period Ending 2018-03-31

Registration number: 07330633

65-104 Beaufort Mansions Freehold Limited

Annual Report and Unaudited Financial Statements - Companies House Filing

for the Year Ended 31 March 2018

Stewart & Co
Chartered Accountants
Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY

65-104 Beaufort Mansions Freehold Limited

Contents

Company Information	1
Accountants' Report	2
Statement of Financial Position	3 to 4
Notes to the Financial Statements	5 to 6

65-104 Beaufort Mansions Freehold Limited

Company Information

Directors

Mrs M G Biasiolo Mr B L D Winkleman

Company secretary

Mr I McGrory

Registered office

174 Battersea Park Road London SW11 4ND

Accountants

Stewart & Co Chartered Accountants Knoll House Knoll Road Camberley Surrey GU15 3SY

Page 1

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
65-104 Beaufort Mansions Freehold Limited
for the Year Ended 31 March 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 65-104 Beaufort Mansions Freehold Limited for the year ended 31 March 2018 as set out on pages 3 to 6 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 at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of 65-104 Beaufort Mansions Freehold Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of 65-104 Beaufort Mansions Freehold Limited and state those matters that we have agreed to state to the Board of Directors of 65-104 Beaufort Mansions Freehold Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 65-104 Beaufort Mansions Freehold Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 65-104 Beaufort Mansions Freehold Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and deficit of 65-104 Beaufort Mansions Freehold Limited. You consider that 65-104 Beaufort Mansions Freehold 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 accounts of 65-104 Beaufort Mansions Freehold 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 accounts.

......................................

Stewart & Co
Chartered Accountants
Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY

2 October 2018

Page 2

65-104 Beaufort Mansions Freehold Limited

(Registration number: 07330633)
Statement of Financial Position as at 31 March 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	3	21	21
Current assets
Cash at bank and in hand		10,199	12,064
Creditors: Amounts falling due within one year	4	(661)	(2,168)
Net current assets		9,538	9,896
Net assets		9,559	9,917
Capital and reserves
Called up share capital		21	21
Income and expenditure account		9,538	9,896
Total equity		9,559	9,917

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

The notes on pages 5 to 6 form an integral part of these financial statements.

Page 3

65-104 Beaufort Mansions Freehold Limited

(Registration number: 07330633)
Statement of Financial Position as at 31 March 2018

Approved and authorised by the Board on 2 October 2018 and signed on its behalf by:
 

.........................................

Mrs M G Biasiolo

Director

.........................................

Mr B L D Winkleman

Director

The notes on pages 5 to 6 form an integral part of these financial statements.

Page 4

65-104 Beaufort Mansions Freehold Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
174 Battersea Park Road
London
SW11 4ND
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepares in sterling, which is the functional currency of the entity.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	nil - reversionary interest in land only

Page 5

65-104 Beaufort Mansions Freehold Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

3	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2017	21	21
At 31 March 2018	21	21
Depreciation
Carrying amount
At 31 March 2018	21	21
At 31 March 2017	21	21

All 21 flats that contributed to the purchase of the freehold have extended their leases by 999 years and the freehold reversion owned by the company has been impaired to a nominal £1 per flat.
 

4

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Accruals and deferred income	360	795
Other creditors	301	1,373
	661	2,168

Page 6