Company Registration No. 05033442 (England and Wales)
CHANTRY PLACE MANAGEMENT COMPANY (SEVENOAKS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
PAGES FOR FILING WITH REGISTRAR
CHANTRY PLACE MANAGEMENT COMPANY (SEVENOAKS) LIMITED
COMPANY INFORMATION
Directors
Mr S Al-Qasem
(Appointed 18 January 2016)
Mrs L B Crawforth
Mr R Leighton
Mr A T Lewis
Secretary
Burkinshaw Management Ltd
Company number
05033442
Registered office
5 Birling Road
Tunbridge Wells
Kent
TN2 5LX
Accountants
Perrys Accountants Limited
Chartered Accountants
32-34 St John's Road
Tunbridge Wells
Kent
TN4 9NT
Bankers
Lloyds Bank plc
82 Mount Pleasant Road
Tunbridge Wells
Kent
TN1 1RP
B B M RE CLIENT AMHERST PLACE
Account no.: 00020209
Sort code: 30-98-77
CHANTRY PLACE MANAGEMENT COMPANY (SEVENOAKS) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CHANTRY PLACE MANAGEMENT COMPANY (SEVENOAKS) LIMITED (REGISTERED NUMBER: 05033442)
BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
2
1,714
4,513
Cash at bank and in hand
4,423
5,063
6,137
9,576
Creditors: amounts falling due within one year
3
(1,294)
(5,208)
Net current assets
4,843
4,368
Reserves
Income and expenditure account
5
4,843
4,368
The directors of the company have elected not to include a copy of the income and expenditure 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.
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 .
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 7 April 2017 and are signed on its behalf by:
Mr A T Lewis
Director
CHANTRY PLACE MANAGEMENT COMPANY (SEVENOAKS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
- 2 -
1
Accounting policies
Company information
Chantry Place Management Company (Sevenoaks) Limited is a
private
company
limited by guarantee
incorporated in England and Wales.
The registered office is
5 Birling Road, Tunbridge Wells, Kent, TN2 5LX.
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 £
1
.
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.
These financial statements for the year ended 31 December 2016
are the
first
financial statements of Chantry Place Management Company (Sevenoaks) 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 January 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.2
Income and expenditure
Income represents the total service charges demanded during the period and bank interest received net. The company has no benefit from any operating income.
2
Debtors
2016
2015
Amounts falling due within one year:
£
£
Service charges due
1,270
4,068
Other debtors
444
445
1,714
4,513
CHANTRY PLACE MANAGEMENT COMPANY (SEVENOAKS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
- 3 -
3
Creditors: amounts falling due within one year
2016
2015
£
£
Corporation tax
4
-
Other creditors
1,290
5,208
1,294
5,208
4
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £25.
5
Income and expenditure account
2016
2015
£
£
At the beginning of the year
4,368
4,513
Surplus/(deficit) for the year
475
(145)
At the end of the year
4,843
4,368