17 Lennox Gardens Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05114553 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 MARCH 2018

FOR

17 LENNOX GARDENS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J F Q Fenwick

Ms P Glover

F Ghella

REGISTERED OFFICE:

The Estate Office, Palmers Farmhouse

Dobbies Lane

Marks Tey

Colchester

Essex

CO6 1EP

REGISTERED NUMBER:

05114553 (England and Wales)

ACCOUNTANTS:

Baker Chapman & Bussey

Chartered Accountants

3 North Hill

Colchester

Essex

CO1 1DZ

CURRENT ASSETS

Debtors

3

1,618

2,357

Cash at bank and in hand

73,494

60,693

75,112

63,050

CREDITORS

Amounts falling due within one year

4

75,106

63,044

NET CURRENT ASSETS

6

6

TOTAL ASSETS LESS CURRENT LIABILITIES

6

6

CAPITAL AND RESERVES

Called up share capital

6

6

SHAREHOLDERS' FUNDS

6

6

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 March 2018 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 10 May 2018 and were signed on its behalf by:

J F Q Fenwick - Director

F Ghella - Director

1.	STATUTORY INFORMATION

17 Lennox Gardens 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.

Turnover

Normal service charges.

Turnover represents the amounts due for service charges during the period. An interim charge is computed

against an expenditure budget with any shortfall against actual expenditure being payable by the tenants, but

any excess being repayable.

Special service charges.

Turnover also includes any special service charges raised for specific projects.

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 balance sheet date.

Deferred tax

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

balance sheet 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.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

168

951

Prepayments

1,450

1,406

1,618

2,357

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

168

1,502

Excess service charges

55,543

42,206

Leaseholders deposit

16,000

16,000

Accrued expenses

3,395

3,336

75,106

63,044

5.	POST BALANCE SHEET EVENTS

The Company will be undertaking the exterior decoration of the property, which is envisaged to cost £50,000 to

£60,000. This will be met from the excess service charges held, together with a special service charge if

required.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is the shareholders.

The shareholders are all leaseholders of the properties at 17 Lennox Gardens.

The Directors are also shareholders.

7.	OTHER INFORMATION

The Company owns the freehold of the property at 17 Lennox Gardens. The freehold is of no value.