Company Registration No. 01461047 (England and Wales)
MARSHALL DRIVE RESIDENTS ASSOCIATION LIMITED
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 SEPTEMBER 2019
MARSHALL DRIVE RESIDENTS ASSOCIATION LIMITED
(A COMPANY LIMITED BY GUARANTEE)
COMPANY INFORMATION
Directors
R Cook
P Goddard
T Law
M Sebastian
Secretary
T Taylor
Company number
01461047
Registered office
97 Chamberlayne Road
Kensal Rise
London
NW10 3NN
Accountants
Myers Clark
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
MARSHALL DRIVE RESIDENTS ASSOCIATION LIMITED
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4
MARSHALL DRIVE RESIDENTS ASSOCIATION LIMITED
(A COMPANY LIMITED BY GUARANTEE)
DIRECTORS' REPORT
FOR THE YEAR ENDED 28 SEPTEMBER 2019
- 1 -
The directors present their annual report and financial statements for the year ended 28 September 2019.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
R Cook
P Goddard
T Law
M Sebastian
Legal Status
The company is limited by guarantee and has no share capital.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
P Goddard
Director
13 February 2020
MARSHALL DRIVE RESIDENTS ASSOCIATION LIMITED
(A COMPANY LIMITED BY GUARANTEE)
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MARSHALL DRIVE RESIDENTS ASSOCIATION LIMITED FOR THE YEAR ENDED 28 SEPTEMBER 2019
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marshall Drive Residents Association Limited for the year ended 28 September 2019 set out on pages 3 to 4 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 Marshall Drive Residents Association Limited, as a body, in accordance with the terms of our engagement letter dated 14 February 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Marshall Drive Residents Association Limited
and state those matters that we have agreed to state to the Board of Directors of Marshall Drive Residents Association 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 Marshall Drive Residents Association Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that Marshall Drive Residents Association Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and result
of Marshall Drive Residents Association Limited. You consider that Marshall Drive Residents Association 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 financial statements of Marshall Drive Residents Association 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 financial statements.
Myers Clark
18 February 2020
Chartered Accountants
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
MARSHALL DRIVE RESIDENTS ASSOCIATION LIMITED
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT
28 SEPTEMBER 2019
28 September 2019
- 3 -
2019
2018
Notes
£
£
£
£
Net assets
-
-
Members' funds
-
-
For the financial year ended 28 September 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 13 February 2020 and are signed on its behalf by:
P Goddard
Director
Company Registration No. 01461047
MARSHALL DRIVE RESIDENTS ASSOCIATION LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 SEPTEMBER 2019
- 4 -
1
Accounting policies
Company information
Marshall Drive Residents Association Limited is a
private
company
limited by guarantee
incorporated in England and Wales.
The registered office is
97 Chamberlayne Road, Kensal Rise, London, NW10 3NN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements.
1.3
During the year the company has acted as agent for the lessees of the property at Marshall Drive, Hayes, Middlesex, UB4 0SN. The funds in relation to the maintenance of the property are held in trust. As at 28 September 2019 the cash balance held on behalf of the lessees amounted to £992.
The company therefore has no income or expenditure in its own right in relation to the maintenance of the common parts of the property held in accordance with the governing leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. The accounts can be obtained from Marshall Drive Residents Association Limited.
2
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £5.