Company Registration No. 02508312 (England and Wales)
THE FORRESTERS (EASTCOTE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017
PAGES FOR FILING WITH REGISTRAR
THE FORRESTERS (EASTCOTE) LIMITED
COMPANY INFORMATION
Directors
G Barnard
R Davis
A Hopley
B Lanning
A Scott
H Waxman
Secretary
H Wichelow
Company number
02508312
Registered office
The Lodge The Forresters
Winslow Close
Eastcote
Pinner
Middlesex
HA5 2QY
Accountants
Myers Clark
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
THE FORRESTERS (EASTCOTE) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
THE FORRESTERS (EASTCOTE) LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2017
30 September 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
2
103,141
103,141
Current assets
Debtors
3
14,653
14,653
Net current assets
14,653
14,653
Total assets less current liabilities
117,794
117,794
Capital and reserves
Called up share capital
4
12,100
12,100
Share premium account
105,690
105,690
Profit and loss reserves
4
4
Total equity
117,794
117,794
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act 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 and delivered 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 31 January 2018 and are signed on its behalf by:
R Davis
Director
Company Registration No. 02508312
THE FORRESTERS (EASTCOTE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017
- 2 -
1
Accounting policies
Company information
The Forresters (Eastcote) Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
The Lodge The Forresters, Winslow Close, Eastcote, Pinner, Middlesex, HA5 2QY.
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.
These financial statements for the year ended 30 September 2017
are the
first
financial statements of The Forresters (Eastcote) Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 October 2015. An explanation of how transition to FRS 102 has affected the reported financial position and financial performance is given in note .
1.2
Turnover
Turnover represents ground rents receivable during the year.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Freehold
Nil
Plant and machinery
25% straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
THE FORRESTERS (EASTCOTE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2017
1
Accounting policies
(Continued)
- 3 -
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price
.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received.
1.6
During the year the company has acted as agent for the lessees of the property at The Forresters, Winslow Close, Eastcote Middlesex.. The funds in relation to the maintenance of the property are held in trust. As at 30 September 2017 the cash balance held on behalf of the lessees amounted to £343,994.
All income or expenditure in relation to the maintenance of the common parts of the property held in accordance with the governing leases is shown in separate service charge accounts. They do not form part of the annual accounts of the company and not filed at companies House. The accounts can be obtained from The Forresters (Eastcote) Limited.
2
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2016 and 30 September 2017
103,141
31,738
134,879
Depreciation and impairment
At 1 October 2016 and 30 September 2017
-
31,738
31,738
Carrying amount
At 30 September 2017
103,141
-
103,141
At 30 September 2016
103,141
-
103,141
3
Debtors
2017
2016
Amounts falling due within one year:
£
£
Other debtors
14,653
14,653
4
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
121 Ordinary shares of £100 each
12,100
12,100
12,100
12,100