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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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HOBART HOUSE (SURBITON) RESIDENTS |
ASSOCIATION LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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FOR |
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HOBART HOUSE (SURBITON) RESIDENTS |
ASSOCIATION LIMITED |
HOBART HOUSE (SURBITON) RESIDENTS |
ASSOCIATION LIMITED (REGISTERED NUMBER: 01178333) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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HOBART HOUSE (SURBITON) RESIDENTS |
ASSOCIATION LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Turnbull House |
226 Mulgrave Road |
Cheam |
Sutton |
Surrey |
SM2 6JT |
HOBART HOUSE (SURBITON) RESIDENTS |
ASSOCIATION LIMITED (REGISTERED NUMBER: 01178333) |
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BALANCE SHEET |
31 MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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General reserve fund | 6 | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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HOBART HOUSE (SURBITON) RESIDENTS |
ASSOCIATION LIMITED (REGISTERED NUMBER: 01178333) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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Hobart House (Surbiton) Residents Association Limited is a
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England and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements - going concern |
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The balance sheet remains technically insolvent due to deficits made in the year. The board of directors |
confirm that this matter has been addressed to the lessees by recharging the deficit over the next few years. |
Accordingly, the financial statements have been prepared on a going concern basis. |
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Income |
Income represents service charges and premiums receivable from leaseholders. Income is recognised in the |
accounting period in which the services were rendered. |
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Profit and loss |
It is considered that the activities of the company do not give rise to a profit and loss due to its nature of |
being a flat management company. Any excess or deficit of service charges levied over current expenditure |
will be retained in the general reserve. |
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General reserve |
The general reserve has been established to meet the future maintenance costs. Such provision is considered |
prudent to enable the company to manage the property. |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary shares | £10 | 120 | 120 |
HOBART HOUSE (SURBITON) RESIDENTS |
ASSOCIATION LIMITED (REGISTERED NUMBER: 01178333) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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6. | RESERVES |
General |
reserve |
fund |
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At 1 April 2016 |
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Deficit for the year | ( |
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At 31 March 2017 | ( |
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Any surplus or deficit resulting from the current year's income and expenditure account is retained in the |
company's general reserve fund. The present level of the fund may prove insufficient, given the uncertainty as |
to whether and when substantial costs may arise on the property. Any insufficient funds arising will be |
recharged to the lease holders of the property. |
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7. | GOING CONCERN |
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The company's board of directors confirm that the current insolvent position has been addressed to the |
lessees by recharging the deficit over the next few years. |
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8. | FIRST YEAR ADOPTION |
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This is the first year that the company has presented its results under FRS 102 Section 1A. The last financial |
statements under UK GAAP were for the period ended 31 March 2016. The date of transition to FRS 102 was 1 |
April 2015. There have been no significant changes in accounting policies as the result of transition to FRS102 |
and the comparative figures are unchanged. |