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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 |
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HOLWELL COURT MANAGEMENT COMPANY LIMITED |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 |
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FOR |
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HOLWELL COURT MANAGEMENT COMPANY LIMITED |
HOLWELL COURT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01636582) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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HOLWELL COURT MANAGEMENT COMPANY LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 December 2016 |
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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 |
35a High Street |
Potters Bar |
Hertfordshire |
EN6 5AJ |
HOLWELL COURT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01636582) |
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BALANCE SHEET |
31 December 2016 |
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31.12.16 | 31.12.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Stocks | 4 |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Other reserves | 7 |
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SHAREHOLDERS' FUNDS |
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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. |
HOLWELL COURT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01636582) |
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BALANCE SHEET - continued |
31 December 2016 |
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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
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HOLWELL COURT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01636582) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Holwell Court Management Company Limited is a
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and Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents (i) service charges receivable from the lessees of the 9 residential units at Holwell Court |
Mansion, to contribute towards the cost of maintenance and other operating expenses on the premises used by |
the lessees and (ii) charges in respect of Calor Gas supplied to those lessees and the lessees of 4 adjoining |
residential units. |
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Tangible fixed assets |
The Directors do not consider depreciation is required in respect of the freehold property. |
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3. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 1 January 2016 |
and 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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Cost represents the purchase price and legal fees involved in acquiring the freehold of Howell Court Mansion. |
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4. | STOCKS |
31.12.16 | 31.12.15 |
£ | £ |
Gas stock |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Service charge debtors | 143 | 326 |
Gas account debtors | 1,052 | 1,049 |
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HOLWELL COURT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01636582) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2016 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Tax |
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Gas deposits | 3,550 | 3,550 |
Gas creditor account | 1,995 | 2,002 |
Accrued expenses |
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7. | RESERVES |
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This is created from surplus on the income and expenditure account and has been allocated to the following |
reserves: |
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31.12.16 | 31.12.15 |
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£ | £ |
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Contingency reserve ( formerly freehold ownership ) | 6,151 | 6,151 |
Building sinking fund | 53,561 | 45,542 |
Redecoration reserve | 19,925 | 16,925 |
£79,637 | £68,618 |
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8. | CONTINGENT LIABILITIES |
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The Directors have been advised that major roof repairs may be required within the foreseeable future. It is |
therefore the policy of the Company to accumulate reserves in order to meet the cost of major repairs if they |
become necessary. |