9 Wilbraham Place Freehold Limited
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Registered number: |
05287142
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Directors' Report |
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The directors present their report and accounts for the year ended 31 December 2014. |
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Principal activities |
The company owns the freehold title to 9 Wilbraham Place, London SW1 and collects ground rents from some of the leaseholders. In accordance with Tech 3/11 'Residential service charge accounts', it has been agreed to exclude service charge transactions from those of the company.
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Directors |
The following persons served as directors during the year: |
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M P Mcdaid
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R G Robinson
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M D Strassberg
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M Ajami
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I F Ghandour |
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Small company provisions |
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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This report was approved by the board on 4 September 2015 and signed on its behalf. |
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M D Strassberg |
Director |
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9 Wilbraham Place Freehold Limited |
Accountants' Report |
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Accountants' report to the directors of |
9 Wilbraham Place Freehold Limited |
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You consider that the company is exempt from an audit for the year ended 31 December 2014. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
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Lachman Livingstone |
Chartered Accountants |
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136 Pinner Road |
Northwood, Middlesex |
HA6 1BP |
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4 September 2015 |
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9 Wilbraham Place Freehold Limited
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Balance Sheet |
as at 31 December 2014
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Notes |
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2014 |
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2013 |
£ |
£ |
Current assets |
Debtors |
4 |
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1,612 |
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1,807 |
Cash at bank and in hand |
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150 |
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- |
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1,762 |
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1,807 |
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Creditors: amounts falling due within one year |
5 |
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(144) |
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(205) |
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Net current assets |
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1,618 |
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1,602 |
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Net assets |
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1,618 |
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1,602 |
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Capital and reserves |
Called up share capital |
6 |
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92 |
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92 |
Profit and loss account |
7 |
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1,526 |
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1,510 |
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Shareholders' funds |
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1,618 |
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1,602 |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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................................ |
M D Strassberg |
Director |
Approved by the board on 4 September 2015
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9 Wilbraham Place Freehold Limited
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Notes to the Accounts |
for the year ended 31 December 2014
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover |
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Turnover represents ground rents receivable by the company in the year.
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Deferred taxation |
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Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
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2 |
Freehold property |
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The main fixed asset of the company is the freehold title to 9 Wilbraham Place London SW1X 9AE. The freehold was acquired on 23rd August 2006 at which time a number of long leases were granted. The directors are of the opinion that the market value of the freehold is not material. Depreciation has not been provided on this asset for this reason. No independent valuation of the freehold has been made as in the opinion of the directors the valuation is sufficiently accurate. |
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3 |
Taxation |
2014 |
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2013 |
£ |
£ |
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UK corporation tax |
(50) |
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73 |
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4 |
Debtors |
2014 |
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2013 |
£ |
£ |
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Trade debtors |
575 |
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- |
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Service charge 9 Wilbraham Place |
815 |
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1,807 |
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Other debtors and prepayments |
222 |
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- |
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1,612 |
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1,807 |
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5 |
Creditors: amounts falling due within one year |
2014 |
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2013 |
£ |
£ |
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Trade creditors |
144 |
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132 |
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Corporation tax |
- |
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73 |
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144 |
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205 |
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6 |
Share capital |
Nominal |
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2014 |
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2014 |
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2013 |
value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
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Ordinary shares
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£1 each |
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92 |
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92 |
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92 |
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7 |
Profit and loss account |
2014 |
£ |
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At 1 January 2014 |
1,510 |
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Profit for the year |
16 |
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At 31 December 2014 |
1,526 |
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8 |
Ultimate controlling party |
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The company is controlled by the shareholders.
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