Company Registration No. 07136841 (England and Wales)
ORCHARD COURT (CORBRIDGE) MANAGEMENT LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
ORCHARD COURT (CORBRIDGE) MANAGEMENT LIMITED
COMPANY INFORMATION
Directors
Mrs D M Rawling
Mr E D Thompson
Company number
07136841
Registered office
15 Princes Court
Princes Street
CORBRIDGE
Northumberland
NE45 5BZ
Accountants
Rowlands
17A Bell Villas
Ponteland
Newcastle upon Tyne
NE20 9BD
Business address
c/o Philip Gifford & Associates
8 Vance Business Park
GATESHEAD
NE11 9NE
ORCHARD COURT (CORBRIDGE) MANAGEMENT LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5
ORCHARD COURT (CORBRIDGE) MANAGEMENT LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2016
- 1 -
The directors present their annual report and financial statements for the year ended 31 December 2016.
Principal activities
The principal activity of the company continued to be that of service charge management at Orchard Court. The company has no income and expenditure in its own right, all transactions in the year being related to the maintenance of the common parts in accordance with the lease. Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987.
The company has no income and expenditure in its own right, all transactions in the year being related to the maintenance of the common parts in accordance with the lease. Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mrs D M Rawling
Mr E D Thompson
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mrs D M Rawling
Director
6 April 2017
ORCHARD COURT (CORBRIDGE) MANAGEMENT LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF ORCHARD COURT (CORBRIDGE) MANAGEMENT LIMITED
- 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 Orchard Court (Corbridge) Management Limited for the year ended 31 December 2016 which comprise the Profit And Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us
.
This report is made solely to the Board of Directors of Orchard Court (Corbridge) Management Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Orchard Court (Corbridge) Management Limited and state those matters that we have agreed to state to the Board of Directors of Orchard Court (Corbridge) Management Limited, as a body, in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orchard Court (Corbridge) Management Limited and its Board of Directors as a body, for our work or for this report.
.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orchard Court (Corbridge) Management Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Orchard Court (Corbridge) Management 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 Orchard Court (Corbridge) Management Limited. You consider that Orchard Court (Corbridge) Management 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 Orchard Court (Corbridge) Management 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.
Rowlands
6 April 2017
Accountants
17A Bell Villas
Ponteland
Newcastle upon Tyne
NE20 9BD
ORCHARD COURT (CORBRIDGE) MANAGEMENT LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2016
- 3 -
2016
Notes
£
Profit before taxation
-
Taxation
2
-
Profit for the financial year
-
ORCHARD COURT (CORBRIDGE) MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
- 4 -
2016
Notes
£
£
Current assets
-
Total assets less current liabilities
-
Capital and reserves
Total equity
-
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 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 6 April 2017 and are signed on its behalf by:
Mrs D M Rawling
Director
Company Registration No. 07136841
ORCHARD COURT (CORBRIDGE) MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
- 5 -
1
Accounting policies
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 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.
2
Taxation
There is no corporation tax payable based on the results for the year.