Kingscourt Meadow 1 (Gillingham) Management Company Ltd
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(A company limited by guarantee and not having share capital) |
Registered number: |
04898279
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Directors' Report |
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The directors present their report and accounts for the year ended 31 December 2015. |
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Principal activities |
The company's principal activity during the year continued to be that of management and administration, on a non profit making basis, of the communal areas relating to the development on behalf of the owners, lessees or tenants.
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Directors |
The following persons served as directors during the year: |
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Mrs J Clasby
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Mr C Pardy
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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 27 September 2016 and signed on its behalf. |
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Mrs J Clasby |
Director |
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Kingscourt Meadow 1 (Gillingham) Management Company Ltd |
(A company limited by guarantee and not having share capital) |
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Kingscourt Meadow 1 (Gillingham) Management Company Ltd for the year ended 31 December 2015 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kingscourt Meadow 1 (Gillingham) Management Company Ltd for the year ended 31 December 2015 which comprise of 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/membershandbook. |
This report is made solely to the Board of Directors of Kingscourt Meadow 1 (Gillingham) Management Company Ltd, as a body, in accordance with the terms of our engagement letter dated 6 June 2007. Our work has been undertaken solely to prepare for your approval the accounts of Kingscourt Meadow 1 (Gillingham) Management Company Ltd and state those matters that we have agreed to state to the Board of Directors of Kingscourt Meadow 1 (Gillingham) Management Company Ltd, 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 Kingscourt Meadow 1 (Gillingham) Management Company Ltd and its Board of Directors as a body for our work or for this report. |
It is your duty to ensure that Kingscourt Meadow 1 (Gillingham) Management Company Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Kingscourt Meadow 1 (Gillingham) Management Company Ltd. You consider that Kingscourt Meadow 1 (Gillingham) Management Company Ltd 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 accounts of Kingscourt Meadow 1 (Gillingham) Management Company Ltd. 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 accounts. |
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Sutcliffe & Co Ltd |
Chartered Accountants |
OLD BANK HOUSE |
STURMINSTER NEWTON |
DORSET |
DT10 1AN |
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27 September 2016 |
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Kingscourt Meadow 1 (Gillingham) Management Company Ltd
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(A company limited by guarantee and not having share capital) |
Balance Sheet |
as at 31 December 2015
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Notes |
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2015 |
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2014 |
£ |
£ |
Current assets |
Debtors |
2 |
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617 |
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641 |
Cash at bank and in hand |
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1,241 |
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2,072 |
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1,858 |
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2,713 |
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Creditors: amounts falling due within one year |
3 |
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(1,734) |
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(1,884) |
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Net current assets |
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124 |
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829 |
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Total assets less current liabilities |
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124 |
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829 |
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Creditors: amounts falling due after more than one year |
4 |
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- |
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(700) |
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Net assets |
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124 |
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129 |
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Capital and reserves |
Profit and loss account |
5 |
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124 |
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129 |
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Shareholders' funds |
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124 |
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129 |
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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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Mrs J Clasby |
Director |
Approved by the board on 27 September 2016
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Kingscourt Meadow 1 (Gillingham) Management Company Ltd
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(A company limited by guarantee and not having share capital) |
Notes to the Accounts |
for the year ended 31 December 2015
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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 service charges received from residents.
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2 |
Debtors |
2015 |
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2014 |
£ |
£ |
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Trade debtors |
617 |
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641 |
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3 |
Creditors: amounts falling due within one year |
2015 |
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2014 |
£ |
£ |
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Trade creditors |
1,734 |
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1,884 |
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4 |
Creditors: amounts falling due after one year |
2015 |
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2014 |
£ |
£ |
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Sinking fund |
- |
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700 |
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The balance represents the cumulative balance held in the current bank account that has |
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been allocated to the sinking fund. |
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5 |
Profit and loss account |
2015 |
£ |
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At 1 January 2015 |
129 |
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Loss for the year |
(5) |
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At 31 December 2015 |
124 |
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5 |
Liability of members |
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In the event of the company being wound up the members have undertaken to contribute to |
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the assets of the company such amounts as may be required not exceeding £1. |