Company Registration No. 07175658 (England and Wales)
MEADOW GATE (2) MANAGEMENT LIMITED
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
MEADOW GATE (2) MANAGEMENT LIMITED
COMPANY INFORMATION
Directors
T Mukherjee
C Simon
M Tailor
Company number
07175658
Registered office
C/o Sears Morgan Property Management
Suite D6 St Meryl Suite
Delta Gain
Watford
Herts
WD19 5EF
Accountants
Myers Clark
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
MEADOW GATE (2) MANAGEMENT LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3
MEADOW GATE (2) MANAGEMENT LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2016
- 1 -
The directors present their report and unaudited financial statements for the year ended 30 June 2016. The company is dormant and has not traded during the year.
Directors
The following directors have held office since 1 July 2015:
T Mukherjee
C Simon
M Tailor
On behalf of the board
T Mukherjee
Director
24 January 2017
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2016
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
MEADOW GATE (2) MANAGEMENT LIMITED
BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 2 -
2016
2015
as restated
Notes
£
£
Current assets
Debtors
3
9
9
Total assets less current liabilities
9
9
Capital and reserves
Called up share capital
4
9
9
Shareholders' funds
9
9
Audit exemption statement
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 Companies Act 2006 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 24 January 2017
T Mukherjee
Director
Company Registration No. 07175658
MEADOW GATE (2) MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Turnover
The company has no income or expenditure in its own right. All transactions in the year relate to the maintenance of the common parts in accordance with the lease. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. Service charges collected are held in trust.
3
Debtors
2016
2015
£
£
Other debtors
9
9
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
9 Ordinary shares of £1 each
9
9
5
Prior year adjustment
It was resolved that the service charge assets and associated liabilities in relation to the maintenance of the property governed by the lease should be held in trust and therefore reported separately from the statutory company accounts.
On this basis, a prior year adjustment has been made to strip out the amounts which relate to the service charge fund, as a result:
-
Current assets due within one year amounting to £
4,227
have been transferred to give a balance brought forward at 1
July 2015
of £
9
;
and
-
Creditors due within one year have been reduced from £
4,218
brought forward at 1
July 2015
to £
nil.