Company Registration No. 0906893 (England and Wales)
BISHOPS COURT (WORTHING) MANAGEMENT LIMITED
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
BISHOPS COURT (WORTHING) MANAGEMENT LIMITED
COMPANY INFORMATION
Directors
Mrs L J Lambourne
Mr L Stevens
Ms F P O'Callaghan
Ms S White
Mrs J P Clark
Mr L Cutler
Secretary
Mr D Fitness
Company number
0906893
Registered office
c/o David Fitness and Co Ltd
3 The Parade
High Street
Findon
West sussex
BN14 0SU
Accountants
Carpenter Box
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
Business address
c/o David Fitness and Co Ltd
3 The Parade
High Street
Findon
West sussex
BN14 0SU
BISHOPS COURT (WORTHING) MANAGEMENT LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 6
BISHOPS COURT (WORTHING) MANAGEMENT LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2015
- 1 -
The directors present their report and financial statements for the year ended 31 December 2015.
Directors
The following directors have held office since 1 January 2015:
Mrs L J Lambourne
Mr L Stevens
Ms F P O'Callaghan
Ms S White
Mrs J P Clark
Mr L Cutler
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Mrs L J Lambourne
Director
6 July 2016
BISHOPS COURT (WORTHING) MANAGEMENT LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BISHOPS COURT (WORTHING) MANAGEMENT LIMITED FOR THE YEAR ENDED 31 DECEMBER 2015
- 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 Bishops Court (Worthing) Management Limited for the year ended 31 December 2015 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.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Bishops Court (Worthing) 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 Bishops Court (Worthing) Management Limited and state those matters that we have agreed to state to the Board of Directors of Bishops Court (Worthing) Management Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bishops Court (Worthing) Management Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Bishops Court (Worthing) 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 Bishops Court (Worthing) Management Limited. You consider that Bishops Court (Worthing) 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 Bishops Court (Worthing) 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.
Carpenter Box
18 July 2016
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
BISHOPS COURT (WORTHING) MANAGEMENT LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
2015
2014
Notes
£
£
Loss on ordinary activities before taxation
-
-
Tax on loss on ordinary activities
2
-
-
Loss for the year
-
-
BISHOPS COURT (WORTHING) MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 4 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,530
6,530
Current assets
Creditors: amounts falling due within one year
4
(6,524)
(6,524)
Net current liabilities
(6,524)
(6,524)
Total assets less current liabilities
6
6
Capital and reserves
Called up share capital
5
6
6
Shareholders' funds
6
6
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 Act 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 and the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the Board for issue on 6 July 2016
Mrs L J Lambourne
Director
Company Registration No. 0906893
BISHOPS COURT (WORTHING) MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 5 -
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
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
No depreciation is provided in respect of the freehold property as it relates substantially to land.
2
Taxation
On the basis of these financial statements no provision has been made for corporation tax.
3
Tangible fixed assets
Land and buildings Freehold
£
Cost
At 1 January 2015 & at 31 December 2015
6,530
Depreciation
At 1 January 2015 & at 31 December 2015
-
Net book value
At 31 December 2015
6,530
At 31 December 2014
6,530
4
Creditors: amounts falling due within one year
2015
2014
£
£
Other creditors
6,524
6,524
Included in other creditors is an amount of £5,479 due to lessees and £1,045 due to the maintenance fund.
BISHOPS COURT (WORTHING) MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 6 -
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
6 Ordinary Shares of £1 each
6
6
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