Company Registration No. 01298025 (England and Wales)
TERMHOUSE (GROSVENOR COURT) MANAGEMENT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
TERMHOUSE (GROSVENOR COURT) MANAGEMENT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
TERMHOUSE (GROSVENOR COURT) MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
6,284
6,284
Current assets
Cash at bank and in hand
3,345
3,345
Creditors: amounts falling due within one year
(4,909)
(4,909)
Net current liabilities
(1,564)
(1,564)
Total assets less current liabilities
4,720
4,720
Capital and reserves
Other reserves
6,284
6,284
Profit and loss account
(1,564)
(1,564)
Shareholders' funds
4,720
4,720
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 June 2017
Mr Simon Phillips
Director
Company Registration No. 01298025
TERMHOUSE (GROSVENOR COURT) MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Tangible fixed assets and depreciation
This represents the freehold reversion in the land and buildings at Grosvenor Court, stated at cost.
Land and buildings Freehold
Nil
1.3
Company Status
The company is limited by guarantee of the members and therefore, does not have a share capital.
Membership of the company is restricted to the lessees of Grosvenor Court.
The liabitily of members is set out in Clause 5 of the Memorandum and Articles of Association of the Company and is reproduced hereunder: "Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while he is a member or within one year after he shall cease to be a member, for payment of the debts and liabilities of the company contracted before he ceases to be a member and the costs, charges and expenses of winding up and for the adjustments of the rights of contributories among themselves such amount as may be required not exceeding £1".
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
6,284
At 30 September 2015
6,284
3
Ultimate parent company
The lessees of Grosvenor Court, have ultimate control of the company.