Norland Square Mansions Residents' Association Limited
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Registered number: |
01241608
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Directors' Report |
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The directors present their report and accounts for the year ended 31 October 2016. |
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Principal activities |
The company's principal activity during the year continued to be that of the management and maintenance of the property at 53 Norland Square, Holland Park Avenue London W11, comprising a block of 29 flats known as Norland Square Mansions.
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Directors |
The following persons served as directors during the year: |
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M Puig
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J L Poole ( resigned on 26 October 2016)
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S E Eaves
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H S H Wagstaff
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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. |
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This report was approved by the board on 8 February 2017 and signed on its behalf. |
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……………………….. |
M Puig |
Director |
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Norland Square Mansions Residents' Association Limited |
Accountants' Report |
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Accountants' report to the directors of |
Norland Square Mansions Residents' Association Limited |
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You consider that the company is exempt from an audit for the year ended 31 October 2016. 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. |
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Lachman Livingstone |
Chartered Accountants |
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136 Pinner Road |
Northwood |
Middlesex |
HA6 1BP |
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8 February 2017 |
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Norland Square Mansions Residents' Association Limited
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Balance Sheet |
as at 31 October 2016
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Notes |
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2016 |
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2015 |
£ |
£ |
Current assets |
Debtors |
3 |
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30,713 |
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23,251 |
Cash at bank and in hand |
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3,421 |
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29 |
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34,134 |
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23,280 |
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Creditors: amounts falling due within one year |
4 |
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(31,101) |
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(22,921) |
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Net current assets |
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3,033 |
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359 |
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Net assets |
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3,033 |
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359 |
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Capital and reserves |
Called up share capital |
5 |
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29 |
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29 |
Profit and loss account |
6 |
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3,004 |
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330 |
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Shareholders' funds |
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3,033 |
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359 |
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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.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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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.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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……………………….. |
M Puig |
Director |
Approved by the board on 8 February 2017
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Norland Square Mansions Residents' Association Limited
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Notes to the Accounts |
for the year ended 31 October 2016
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover |
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Turnover represents the value, net of discounts, of amounts receivable in respect of car park rents and also ground rents.
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2 |
Taxation |
2016 |
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2015 |
£ |
£ |
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UK corporation tax |
668 |
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53 |
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3 |
Debtors |
2016 |
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2015 |
£ |
£ |
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Ground Rent Debtors |
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85 |
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- |
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Other debtors |
30,628 |
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23,251 |
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30,713 |
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23,251 |
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4 |
Creditors: amounts falling due within one year |
2016 |
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2015 |
£ |
£ |
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Trade creditors |
30,000 |
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22,500 |
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Corporation tax |
609 |
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(59) |
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Other creditors |
492 |
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480 |
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31,101 |
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22,921 |
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5 |
Share capital |
Nominal |
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2016 |
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2016 |
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2015 |
value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
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Ordinary shares
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£1 each |
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29 |
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29 |
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29 |
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6 |
Profit and loss account |
2016 |
£ |
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At 1 November 2015 |
329 |
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Profit for the year |
2,675 |
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At 31 October 2016 |
3,004 |
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7 |
Ultimate controlling party |
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The company is controlled by the shareholders.
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