Company Registration No. 03169742 (England and Wales)
FARMLANDS COURT RESIDENTS LIMITED
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 DECEMBER 2014
FARMLANDS COURT RESIDENTS LIMITED
COMPANY INFORMATION
Directors
Mr PS Baker
Ms LE Coley
Ms RW M Dyson Rooke
Miss A Maynard
(Appointed 26 March 2014)
Mrs J Soady
(Appointed 7 April 2014)
Secretary
AMP MGMT Limited
Company number
03169742
Registered office
183 Langney Road
Eastbourne
East Sussex
BN22 8AH
Accountants
Humphrey & Co
7-9 The Avenue
Eastbourne
East Sussex
BN21 3YA
FARMLANDS COURT RESIDENTS LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5
FARMLANDS COURT RESIDENTS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 25 DECEMBER 2014
- 1 -
The directors present their report and financial statements for the year ended 25 December 2014.
Directors
The following directors have held office since 26 December 2013:
Mr PS Baker
Ms LE Coley
Ms RW M Dyson Rooke
Miss A Maynard
(Appointed 26 March 2014)
Mrs J Soady
(Appointed 7 April 2014)
Ms BD Ames
(Resigned 5 February 2014)
Mrs CA Bignall
(Resigned 19 March 2014)
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
Mr PS Baker
Director
19 June 2015
FARMLANDS COURT RESIDENTS LIMITED
ACCOUNTANTS' REPORT TO THE TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FARMLANDS COURT RESIDENTS LIMITED FOR THE YEAR ENDED 25 DECEMBER 2014
- 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 Farmlands Court Residents Limited for the year ended 25 December 2014 set out on pages 3 to 5 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 Farmlands Court Residents 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 Farmlands Court Residents Limited and state those matters that we have agreed to state to the Board of Directors of Farmlands Court Residents 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 Farmlands Court Residents Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Farmlands Court Residents 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 Farmlands Court Residents Limited. You consider that Farmlands Court Residents 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 Farmlands Court Residents 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.
Humphrey & Co
25 June 2015
Accountants
7-9 The Avenue
Eastbourne
East Sussex
BN21 3YA
FARMLANDS COURT RESIDENTS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 25 DECEMBER 2014
- 3 -
2014
2013
Notes
£
£
Distribution costs
(10)
(10)
Other operating income
10
10
Loss on ordinary activities before taxation
-
-
Tax on loss on ordinary activities
-
-
Loss for the year
-
-
The profit and loss account has been prepared on the basis that all operations are continuing operations.
There are no recognised gains and losses other than those passing through the profit and loss account.
FARMLANDS COURT RESIDENTS LIMITED
BALANCE SHEET
AS AT
25 DECEMBER 2014
25 December 2014
- 4 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2,895
2,895
Current assets
Net current assets
-
-
Total assets less current liabilities
2,895
2,895
Creditors: amounts falling due after more than one year
1
(345)
(345)
2,550
2,550
Capital and reserves
Called up share capital
2,750
2,750
Profit and loss account
(200)
(200)
Shareholders' funds
2,550
2,550
For the financial year ended 25 December 2014 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.
Approved by the Board and authorised for issue on 19 June 2015
Mr PS Baker
Director
Company Registration No. 03169742
FARMLANDS COURT RESIDENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 25 DECEMBER 2014
25 December 2014
- 5 -
1
Creditors: amounts falling due after more than one year
2014
2013
£
£
Other creditors
345
345
Analysis of loans
Loans to Participators
345
345
The loans were provided by the participators to finance the purchase of Farmlands Court and related legal costs.
The loans are interest free and unsecured.
There are no fixed repayment terms for the loans.