Company Registration No. 03089243 (England and Wales)
ENTON HALL ESTATE MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
ENTON HALL ESTATE MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 6
ENTON HALL ESTATE MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 1 -
The directors present their report and financial statements for the year ended 30 September 2015.
Principal activities
The principal activity of the company continued to be that of the administration and maintenance of the amenities at Enton Hall.
Directors
The following directors have held office since 1 October 2014:
I C Cawkwell
C W Crawford
S Day
M Odgers
Statement of directors' responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
C W Crawford
Director
25 June 2016
ENTON HALL ESTATE MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ENTON HALL ESTATE MANAGEMENT COMPANY LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 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 Enton Hall Estate Management Company Limited for the year ended 30 September 2015 set out on pages 3 to 6 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Enton Hall Estate Management Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Enton Hall Estate Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Enton Hall Estate Management Company Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Enton Hall Estate Management Company Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Enton Hall Estate Management Company 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 loss of Enton Hall Estate Management Company Limited. You consider that Enton Hall Estate Management Company 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 Enton Hall Estate Management Company 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.
David Howard
25 June 2016
Chartered Accountants
1 Park Road
Hampton Wick
Kingston-Upon-Thames
Surrey
KT1 4AS
ENTON HALL ESTATE MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 3 -
2015
2014
Notes
£
£
Turnover
20,900
8,400
Cost of sales
(32,254)
(3,057)
Gross (loss)/profit
(11,354)
5,343
Administrative expenses
(1,020)
(600)
Operating (loss)/profit
(12,374)
4,743
Other interest receivable and similar income
2
25
8
(Loss)/profit on ordinary activities before taxation
(12,349)
4,751
Tax on (loss)/profit on ordinary activities
3
-
(959)
(Loss)/profit for the year
6
(12,349)
3,792
ENTON HALL ESTATE MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS AT
30 SEPTEMBER 2015
30 September 2015
- 4 -
2015
2014
Notes
£
£
£
£
Current assets
Debtors
4
3,529
3,029
Cash at bank and in hand
23,410
25,107
26,939
28,136
Creditors: amounts falling due within one year
5
(51,440)
(40,288)
Total assets less current liabilities
(24,501)
(12,152)
Capital and reserves
Profit and loss account
6
(24,501)
(12,152)
Shareholders' funds
(24,501)
(12,152)
For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).
Approved by the Board for issue on 25 June 2016
I C Cawkwell
C W Crawford
Director
Director
Company Registration No. 03089243
ENTON HALL ESTATE MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 5 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). At the balance sheet date, the company's liabilities exceeded its assets. The directors confirm that adequate funding is in place to cover the company's working capital needs and forecast rental income is expected to return the company to surplus. The directors have therefore continued to adopt the going concern basis of preparing the financial statements.
At the balance sheet date, the company's liabilities exceeded its assets. The directors confirm that adequate funding is in place to cover the company's working capital needs and forecast rental income is expected to return the company to surplus. The directors have therefore continued to adopt the going concern basis of preparing the financial statements.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents property rental income receivable and ground rent receivable.
and ground rent receivable.
1.4
Every member of the Company undertakes to contribute to the assets of the Company, in the event of it being wound up within 1 year of ceasing to be a member, for payment of the debts and liabilities of the Company, contracted before ceasing to be a member, and winding up costs, an amount not exceeding £1.
2
Investment income
2015
2014
£
£
Bank interest
25
8
25
8
3
Taxation
2015
2014
£
£
Domestic current year tax
U.K. corporation tax
-
2
Total current tax
-
2
Deferred tax
Deferred tax adjustments arising in previous periods
-
957
-
959
ENTON HALL ESTATE MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 6 -
4
Debtors
2015
2014
£
£
Trade debtors
500
-
Other debtors
3,029
3,029
3,529
3,029
5
Creditors: amounts falling due within one year
2015
2014
£
£
Corporation tax
2
2
Other Creditors
51,438
40,286
6
Statement of movements on profit and loss account
Profit and loss
account
£
Balance at 1 October 2014
(12,152)
Loss for the year
(12,349)
Balance at 30 September 2015
(24,501)
ENTON HALL ESTATE MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED 30 SEPTEMBER 2015
Period
ended
30 September
30 September
2015
2014
£
£
Administrative expenses
Accountancy
1,020
600
1,020
600
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