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REGISTERED NUMBER:
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SOUTHCLIFFE RESIDENTS ASSOCIATION |
LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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REGISTERED NUMBER:
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SOUTHCLIFFE RESIDENTS ASSOCIATION |
LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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SOUTHCLIFFE RESIDENTS ASSOCIATION |
LIMITED (REGISTERED NUMBER: 02756283) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST 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 | 3 |
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Chartered Accountants' Report | 5 |
SOUTHCLIFFE RESIDENTS ASSOCIATION |
LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST 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 |
2 St Andrews Place |
Lewes |
East Sussex |
BN7 1UP |
SOUTHCLIFFE RESIDENTS ASSOCIATION |
LIMITED (REGISTERED NUMBER: 02756283) |
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BALANCE SHEET |
31ST DECEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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RESERVES |
Other reserves | 6 |
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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 surplus or deficit 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. |
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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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SOUTHCLIFFE RESIDENTS ASSOCIATION |
LIMITED (REGISTERED NUMBER: 02756283) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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Southcliffe Residents Association Limited is a
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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 maintenance contributions due from the members of the company. |
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Tangible fixed assets |
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Land and buildings | - |
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3. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
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COST |
At 1st January 2016 |
and 31st December 2016 |
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NET BOOK VALUE |
At 31st December 2016 |
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At 31st December 2015 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Other creditors |
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SOUTHCLIFFE RESIDENTS ASSOCIATION |
LIMITED (REGISTERED NUMBER: 02756283) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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6. | RESERVES |
Income |
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expenditure | Other |
account | reserves | Totals |
£ | £ | £ |
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At 1st January 2016 |
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5,761 |
Surplus for the year |
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Transfer to dilapidations fund | - | 1,050 | 1,050 |
At 31st December 2016 |
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6,811 |
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7. | FIRST YEAR ADOPTION |
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This is the first year that the company has presented its results under FRS 102, having previously prepared them |
under UK GAAP. The date of transition to FRS 102 was 1 January 2015. |
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
SOUTHCLIFFE RESIDENTS ASSOCIATION |
LIMITED |
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The following reproduces the text of the report prepared for the directors and members in respect of the |
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other |
primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Southcliffe Residents Association Limited for the year ended 31st December 2016 which |
comprise the Income Statement, Balance Sheet, and the related notes from the company's accounting records and from |
information and explanations you have given us. |
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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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Southcliffe Residents Association Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Southcliffe Residents Association Limited and state those matters that we have agreed to state to the Board of Directors of Southcliffe Residents Association Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southcliffe Residents Association Limited Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Southcliffe 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 profit of Southcliffe Residents Association Limited. You consider that Southcliffe Residents Association Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Southcliffe 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. |
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Chartered Accountants |
2 St Andrews Place |
Lewes |
East Sussex |
BN7 1UP |
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