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DIRECTOR'S REPORT AND |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
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20 St James Place West Limited |
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REGISTERED NUMBER:
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DIRECTOR'S REPORT AND |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
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FOR |
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20 St James Place West Limited |
20 St James Place West Limited (Registered number: 06363366) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 March 2018 |
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Company Information | 1 |
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Director's Report | 2 |
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Report of the Accountants | 3 |
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Profit & Loss Account | 4 |
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Balance Sheet | 5 |
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Notes to the Financial Statements | 6 | to | 7 |
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20 St James Place West Limited |
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COMPANY INFORMATION |
for the year ended 31 March 2018 |
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Director: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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129 North Hill |
Plymouth |
Devon |
PL4 8JY |
20 St James Place West Limited (Registered number: 06363366) |
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DIRECTOR'S REPORT |
for the year ended 31 March 2018 |
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The director presents his report with the financial statements of the company for the year ended 31 March 2018. |
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Principal activity |
The principal activity of the company in the year under review was that of collecting maintenance |
charges from the three flats at 20 St James Place West, Plymouth in order to fund the ongoing |
maintenance and insurance of the properties. |
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Director |
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Statement of director's responsibilities |
The director is responsible for preparing the Director's Report and the financial statements in |
accordance with applicable law and regulations. |
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Company law requires the director to prepare financial statements for each financial year. Under |
that law the director has elected to prepare the financial statements in accordance with United |
Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and |
applicable law). Under company law the director must not approve the financial statements unless |
he is satisfied that they give a true and fair view of the state of affairs of the company and of the |
profit or loss of the company for that period. In preparing these financial statements, the director is |
required to: |
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- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
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The director is 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 him to ensure that the financial statements comply with the |
Companies Act 2006. He is 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. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act |
2006 relating to small companies. |
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On behalf of the board: |
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20 St James Place West Limited |
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REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF |
20 ST JAMES PLACE WEST LIMITED |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for |
your approval the financial statements of the company for the year ended 31 March 2018 which |
comprise the profit and loss account, balance sheet, and the related notes from the company's |
accounting records and from information and explanations you have given to us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales |
(ICAEW), we are subject to its ethical and other professional requirements which are detailed at |
http://www.icaew.com/en/membership/regulations-standard-and-guidance as part of the ICAEW's |
regulations and guidance. |
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This report is made solely to the director of the company in accordance with our terms of |
engagement. Our work has been undertaken solely to prepare for your approval the financial |
statements of the company and state those matters that we have agreed to state to you in this |
report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by |
law, we do not accept or assume responsibility to anyone other than the company and its director |
for our work or for this report. |
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It is your duty to ensure that the company 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 results of the company. You consider that the company is exempt from the statutory |
audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of the |
company. For this reason, we have not verified the accuracy or completeness of the accounting |
records or information you have given to us and we do not, therefore, express any opinion on the |
statutory financial statements. |
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129 North Hill |
Plymouth |
Devon |
PL4 8JY |
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20 St James Place West Limited (Registered number: 06363366) |
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PROFIT & LOSS ACCOUNT |
for the year ended 31 March 2018 |
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2018 | 2017 |
Notes | £ | £ |
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Turnover |
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Administrative expenses |
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Operating (loss)/profit and |
(Loss)/profit before taxation | ( |
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Tax on (loss)/profit | 4 |
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(Loss)/profit for the financial year | ( |
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Surplus fund/(deficit) at beginning of
year |
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Surplus fund/(deficit) at end of
year |
( |
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20 St James Place West Limited (Registered number: 06363366) |
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BALANCE SHEET |
31 March 2018 |
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2018 | 2017 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 5 |
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Current assets |
Prepayments | 6 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 7 |
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Net current (liabilities)/assets | ( |
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Total assets less current liabilities | ( |
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Reserves |
Surplus fund/(deficit) | ( |
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( |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the director on
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20 St James Place West Limited (Registered number: 06363366) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2018 |
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1. | STATUTORY INFORMATION |
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20 St James Place West Limited is a private company, limited by guarantee, registered in |
England and Wales. The company's registered number and registered office address can be |
found on the Company Information page. The members of the company have undetaken to |
contribute to the assets of the company in the event of it being wound up whilst they are still |
members, or within one year afterwards, for the payment of the debts and liabilities of the |
company contracted before they cease to be members and the costs, charges and expenses |
of winding up and for the adjustment of the rights of contributing among themselves, such |
amounts as may be required not exceeding £1. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
This represents maintenance charges receivable. |
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Debtors |
Short term debtors are measured at transaction price (which is usually the invoice price), |
less any impairment losses for bad and doubtful debts. Loans and other financial assets are |
initially recognised at transaction price including any transaction costs and subsequently |
measured at amortised cost determined using the effective interest method, less any |
impairment losses for bad and doubtful debts. |
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Creditors |
Short term creditors are measured at transaction price (which is usually the invoice price). |
Loans and other financial liabilities are initially recognised at transaction price net of any |
transaction costs and subsequently measured at amortised cost determined using the |
effective interest method. |
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Provisions |
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an |
obligation at the reporting date as a result of a past event, it is probable that economic |
benefit will be transferred to settle the obligation and the amount of the obligation can be |
estimated reliably. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was nil (2017: nil) |
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4. | TAXATION |
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The company is non profit making with any surplus being carried forward to meet future |
maintenance charges. As such, no charge to corporation tax arises. |
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5. | TANGIBLE FIXED ASSETS |
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The company has no fixed assets. |
20 St James Place West Limited (Registered number: 06363366) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other creditors |
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