|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
REPORT OF THE DIRECTORS AND |
|
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2016 |
|
FOR |
|
ROCKINGHAM COURT MANAGEMENT COMPANY |
LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
REPORT OF THE DIRECTORS AND |
|
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2016 |
|
FOR |
|
ROCKINGHAM COURT MANAGEMENT COMPANY |
LIMITED |
ROCKINGHAM COURT MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 05389833) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2016 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Report of the Directors | 2 |
|
Report of the Independent Auditors | 3 |
|
Income Statement | 5 |
|
Balance Sheet | 6 |
|
Notes to the Financial Statements | 7 |
|
ROCKINGHAM COURT MANAGEMENT COMPANY |
LIMITED |
|
COMPANY INFORMATION |
for the Year Ended 31st December 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
AUDITORS: |
|
Statutory Auditor |
Chartered Accountants |
Ossington Chambers |
6-8 Castle Gate |
Newark |
Nottinghamshire |
NG24 1AX |
ROCKINGHAM COURT MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 05389833) |
|
REPORT OF THE DIRECTORS |
for the Year Ended 31st December 2016 |
|
The directors present their report with the financial statements of the company for the year ended 31st December 2016. |
|
DIRECTORS |
The directors shown below have held office during the whole of the period from 1st January 2016 to the date of this |
report. |
|
|
|
|
STATEMENT OF DIRECTORS' RESPONSIBILITIES |
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with |
applicable law and regulations. |
|
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors |
have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting |
Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not |
approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the |
company and of the surplus or deficit of the company for that period. In preparing these financial statements, the |
directors are required to: |
|
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
|
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the |
company's transactions and disclose with reasonable accuracy at any time the financial position of the company and |
enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for |
safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud |
and other irregularities. |
|
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act |
2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have |
taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the |
company's auditors are aware of that information. |
|
AUDITORS |
The auditors, Stephenson Nuttall & Co, will be proposed for re-appointment at the forthcoming Annual General |
Meeting. |
|
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
|
ON BEHALF OF THE BOARD: |
|
|
|
|
|
|
|
|
|
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
ROCKINGHAM COURT MANAGEMENT COMPANY |
LIMITED |
|
We have audited the financial statements of Rockingham Court Management Company Limited for the year ended |
31st December 2016 on pages five to eight. The financial reporting framework that has been applied in their preparation |
is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting |
Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and |
Republic of Ireland'. |
|
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the |
Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those |
matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent |
permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's |
members as a body, for our audit work, for this report, or for the opinions we have formed. |
|
Respective responsibilities of directors and auditors |
|
|
Scope of the audit of the financial statements |
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give |
reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. |
This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and |
have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by |
the directors; and the overall presentation of the financial statements. In addition, we read all the financial and |
non-financial information in the Report of the Directors to identify material inconsistencies with the audited financial |
statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent |
with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material |
misstatements or inconsistencies we consider the implications for our report. |
|
|
Opinion on financial statements |
In our opinion the financial statements: |
- |
give a true and fair view of the state of the company's affairs as at 31st December 2016 and of its surplus for the year
then ended; |
- |
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
|
Opinion on other matter prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of our audit, the information given in the Report of the |
Directors for the financial year for which the financial statements are prepared is consistent with the financial statements, |
and has been prepared in accordance with applicable legal requirements. In the light of the knowledge and understanding |
of the company and its environment, we have not identified any material misstatements in the Report of the Directors. |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
ROCKINGHAM COURT MANAGEMENT COMPANY |
LIMITED |
|
|
Matters on which we are required to report by exception |
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you |
if, in our opinion: |
- |
adequate accounting records have not been kept, or returns adequate for our audit have not been received from
branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of directors' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
- |
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and
take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors. |
|
|
|
|
|
for and on behalf of
|
Statutory Auditor |
Chartered Accountants |
Ossington Chambers |
6-8 Castle Gate |
Newark |
Nottinghamshire |
NG24 1AX |
|
|
ROCKINGHAM COURT MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 05389833) |
|
INCOME STATEMENT |
for the Year Ended 31st December 2016 |
|
31/12/16 | 31/12/15 |
Notes | £ | £ |
|
INCOME |
|
|
|
Service Charge Expenditure |
|
|
OPERATING SURPLUS |
|
|
|
Interest receivable and similar income |
|
|
SURPLUS BEFORE TAXATION |
|
|
|
Tax on surplus | 3 |
|
|
SURPLUS FOR THE FINANCIAL YEAR |
|
|
ROCKINGHAM COURT MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 05389833) |
|
BALANCE SHEET |
31st December 2016 |
|
31/12/16 | 31/12/15 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
RESERVES |
|
|
|
|
|
The financial statements were approved by the Board of Directors on
by: |
|
|
|
|
|
|
|
ROCKINGHAM COURT MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 05389833) |
|
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2016 |
|
1. | STATUTORY INFORMATION |
|
Rockingham Court Management Company Limited is a
|
England and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Income |
During the year the company received from lessees, as agent, monies relating to service charges and associated |
income, which are held on trust and do not constitute turnover. |
|
Presentation of the profit and loss account |
The presentation of the Income Statement on page 5 has been modified from the prescribed format for Company |
accounts in order to provide more information to lessees and other parties who may be interested in the |
expenditure incurred in the management of the property. |
|
3. | TAXATION |
|
Analysis of the tax charge |
The tax charge on the surplus for the year was as follows: |
31/12/16 | 31/12/15 |
£ | £ |
Current tax: |
UK corporation tax |
|
|
Tax on surplus |
|
|
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/16 | 31/12/15 |
£ | £ |
Trade debtors |
|
|
Bank Balance held by Managing Agents |
|
|
Prepayments |
|
|
|
|
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/16 | 31/12/15 |
£ | £ |
Trade creditors |
|
|
Tree Reserve Fund | 113 | 113 |
Reserve Fund | 60,574 | 52,874 |
Service Charge Account | 38,729 | 33,037 |
Accrued expenses |
|
|
|
|
ROCKINGHAM COURT MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 05389833) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2016 |
|
6. | RESERVES |
Income |
and |
expenditure |
account |
£ |
|
Surplus for the year |
|
Transfer from Service Charge
Account |
(5,692 |
) |
|
At 31st December 2016 |
|
|
7. | CONTINGENT LIABILITIES |
|
The company had no contingent liabilities at 31st December 2016 (31st December 2015 - none). |
|
8. | CAPITAL COMMITMENTS |
31/12/16 | 31/12/15 |
£ | £ |
Contracted but not provided for in the |
financial statements |
|
|
|
9. | RELATED PARTY DISCLOSURES |
|
The company is a mutual trading company and as such received income in the form of service charge from |
residents, some of who are directors of the company. Service charges payable by the directors are on the same |
basis as for all of the other residents. |
|
During the year, an amount of £2,776 (2015 - £2,020) was paid to JD Heatley, a director of the company in |
respect of caretakers expenses and related expenditure. |
|
No other transactions with related parties were undertaken such as required to be disclosed under FRS 102. |
|
10. | APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
|
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns |
to the tax authorities and assist with the preparation of the financial statements. |
|
11. | LIMIT OF MEMBERS LIABILITY |
|
The liability of the members of the company is limited by guarantee to £1 each. |
|
12. | FIRST YEAR ADOPTION |
|
These financial statements are the first which the company has prepared in accordance with the provisions of |
Financial Reporting Standard 102 (FRS 102), including those of Section 1A relating to "Small Entities". The |
transition to FRS 102 has had no effect on any item included within the opening balance sheet of the comparative |
period at 1st January 2015, the income statement for the comparative period ended 31st December 2015 or the |
closing balance sheet of the comparative period at 31st December 2015. |
|