Company Registration No. 03572555 (England and Wales)
MILLENNIUM COURT (NO.3) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
PAGES FOR FILING WITH REGISTRAR
MILLENNIUM COURT (NO.3) LIMITED
COMPANY INFORMATION
Directors
E Dack
L E Evans
C Forster
Company number
03572555
Registered office
Alliance Managing Agents Limited
6 Cochrane House
Aldmirals Way
London
E14 9UD
Accountants
PK Group Ventures Limited
22 The Quadrant
Richmond
Surrey
TW9 1BP
MILLENNIUM COURT (NO.3) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MILLENNIUM COURT (NO.3) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
- 1 -
2016
2015
as restated
Notes
£
£
£
£
Current assets
Debtors
2
62
62
Cash at bank and in hand
18,244
16,308
18,306
16,370
Creditors: amounts falling due within one year
3
(18,244)
(16,308)
Net current assets
62
62
Capital and reserves
Called up share capital
4
62
62
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 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
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 28 September 2017 and are signed on its behalf by:
E Dack
Director
Company Registration No. 03572555
MILLENNIUM COURT (NO.3) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
- 2 -
1
Accounting policies
Company information
Millennium Court (No.3) Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Alliance Managing Agents Limited, 6 Cochrane House, Aldmirals Way, London, E14 9UD.
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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover
comprises revenue recognised by the company in respect of ground rents receivable.
1.3
The company is responsible for the management of the common part in accordance with the lease and collects service charges from lessees in order to fund expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees as required by the Landlord & Tenant Act 1987.
2
Debtors
2016
2015
Amounts falling due within one year:
£
£
Other debtors
62
62
3
Creditors: amounts falling due within one year
2016
2015
£
£
Other creditors
18,244
16,308
4
Called up share capital
2016
2015
£
£
Ordinary share capital
Issued and fully paid
62 Ordinary of £1 each
62
62
62
62
MILLENNIUM COURT (NO.3) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
- 3 -
5
Related party transactions
The directors paid £25 each to the company as ground rent during the year.
6
Prior period adjustment
The accounts for the year ended 31 December 2015 have been restated to show ground rent receivable and the company's bank account in the company's accounts. The transactions were previously recorded in the service charge accounts, in error.
Changes to the balance sheet
At 31 December 2015
As previously reported
Adjustment
As restated
£
£
£
Current assets
Bank and cash
-
16,308
16,308
Creditors due within one year
Other creditors
-
(16,308)
(16,308)
Net assets
62
-
62
Changes to the profit and loss account
Period ended 31 December 2015
As previously reported
Adjustment
As restated
£
£
£
Turnover
1,550
15,600
17,150
Administrative expenses
(1,550)
(15,600)
(17,150)
Profit for the financial period
-
-
-