|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 October 2017 |
|
for |
|
Riversdale Lodge Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 October 2017 |
|
for |
|
Riversdale Lodge Limited |
Riversdale Lodge Limited (Registered number: 01731708) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 October 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Riversdale Lodge Limited |
|
Company Information |
for the Year Ended 31 October 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
BUSINESS ADDRESS: |
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
295/297 Church Street |
Blackpool |
Lancashire |
FY1 3PJ |
|
|
|
BANKERS: |
|
11 St Annes Road West |
St Annes on Sea |
Lancashire |
FY8 1SA |
Riversdale Lodge Limited (Registered number: 01731708) |
|
Balance Sheet |
31 October 2017 |
|
31.10.17 | 31.10.16 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Sinking fund | 6 |
|
|
Retained earnings | 6 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
Riversdale Lodge Limited (Registered number: 01731708) |
|
Notes to the Financial Statements |
for the Year Ended 31 October 2017 |
|
1. | STATUTORY INFORMATION |
|
Riversdale Lodge Limited is a
|
company's registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover represents the total amount receivable for maintenance fees and ground rents, insurance and |
contributions to the sinking fund during the year and derives from the provision of services falling within the |
company's ordinary activities. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.17 | 31.10.16 |
£ | £ |
Other debtors |
|
|
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.17 | 31.10.16 |
£ | £ |
Other creditors |
|
|
|
6. | RESERVES |
Retained | Sinking |
earnings | fund | Totals |
£ | £ | £ |
|
At 1 November 2016 |
|
|
21,153 |
Profit for the year |
|
|
Contributions to sinking fund | - | 3,375 | 3,375 |
Interest received | - | 7 | 7 |
At 31 October 2017 |
|
|
32,301 |
Riversdale Lodge Limited (Registered number: 01731708) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
|
7. | SINKING FUND |
|
The sinking fund was established by unanimous resolution of a general meeting of the company on 12th April |
2005. Regular contributions, specifically to the sinking fund were set at £100 (£150 for the penthouse) per half |
year at a general meeting on 4th May 2006. Some additional transfers to the sinking fund (e.g. income from |
investment and a part of surpluses on the maintenance fund) have been made from time to time by resolution of |
general meetings of the company. |
|
A proposal to increase contributions to the sinking fund was agreed unanimously at a meeting of directors on 16th |
October 2014. With effect from the start of the financial year 2014-15 contributions to the sinking fund will be |
collected at the rate of £28 per month for apartments 1-6 and £42 per month for apartment 7. |
|
The sinking fund is set aside to be used for major repairs / improvements such as replacement of the main roof or |
of the lift, it is not to be used for routine maintenance. As a guideline, appropriate items for the sinking fund |
would be single items estimated to cost more than 0.5% of the current total insured value of the building. |
Expenditure from the sinking fund must be approved in advance by a unanimous vote at a properly constituted |
general meeting of the company. The sinking fund must be kept in a separate bank account. |
|
Contributions to the sinking fund will be collected half yearly on 1st May and 1st November, with the service |
charge (or monthly by agreement of a general meeting). These contributions are to be set annually at a general |
meeting of the company. As a guideline contributions will be set at approximately 15% of the company turnover |
in the previous year. Should the sinking fund reach a value equivalent to 2.5% of the current insured value of the |
building, then a unanimous vote at a properly constituted general meeting of the company could decide to |
suspend the annual contributions for a single year. |