103_105_COMERAGH_ROAD_(LO

103/105 COMERAGH ROAD (LONDON W14) LIMITED

LIMITED BY GUARANTEE

DIRECTORS' REPORT

FOR THE YEAR ENDED 30 JUNE 2015

The directors present their report and financial statements for the year ended 30 June 2015.

Directors

The following directors have held office since 1 July 2014:

D Dunnett

J Whiting

L Glyptis

Dr R Mak

(Resigned 18 September 2014)

M Ramsey

(Appointed 1 October 2014)

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

D Dunnett

Director

17 November 2015

103/105 COMERAGH ROAD (LONDON W14) LIMITED

LIMITED BY GUARANTEE

INDEPENDENT ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 103/105 COMERAGH ROAD (LONDON W14) LIMITED FOR THE YEAR ENDED 30 JUNE 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 103/105 Comeragh Road (London W14) Limited for the year ended 30 June 2015 set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the ICPA, we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of 103/105 Comeragh Road (London W14) 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 103/105 Comeragh Road (London W14) Limited and state those matters that we have agreed to state to the Board of Directors of 103/105 Comeragh Road (London W14) Limited, as a body, in this report in accordance with our engagement. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 103/105 Comeragh Road (London W14) Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that 103/105 Comeragh Road (London W14) 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 profit of 103/105 Comeragh Road (London W14) Limited. You consider that 103/105 Comeragh Road (London W14) 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 103/105 Comeragh Road (London W14) 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.

Verve Accounting Limited

17 November 2015

Independent Accountants

8A Carlton Crescent

Southampton

Hampshire

SO15 2EZ

103/105 COMERAGH ROAD (LONDON W14) LIMITED

LIMITED BY GUARANTEE

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2015

2015

2014

Notes

Turnover

5,820

11,140

Administrative expenses

(5,276)

(8,110)

Profit on ordinary activities before taxation

544

3,030

Tax on profit on ordinary activities

Profit for the year

544

3,030

103/105 COMERAGH ROAD (LONDON W14) LIMITED

LIMITED BY GUARANTEE

BALANCE SHEET

AS AT

30 JUNE 2015

2015

2014

Notes

Fixed assets

Tangible assets

17,476

Current assets

Debtors

1,339

2,362

Cash at bank and in hand

6,508

3,941

7,847

6,303

Creditors: amounts falling due within one year

(201)

Net current assets

7,646

6,102

Total assets less current liabilities

25,122

23,578

Provisions for liabilities

(11,000)

(10,000)

14,122

13,578

Capital and reserves

Profit and loss account

14,122

13,578

Shareholders' funds

14,122

13,578

During the financial year 30 June 2014 the company was exempt from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the Board for issue on 17 November 2015

D Dunnett

Director

Company Registration No. 04785955

103/105 COMERAGH ROAD (LONDON W14) LIMITED

LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

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 April 2008).

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

Turnover

Income represents the total amount receivable by the company in the ordinary course of business for management charges and related items.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are capitalised for ongoing use within the company, where the cost of the individual asset exceeds £500. Freehold land is not depreciated.

Freehold land is not depreciated.

1.5

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

Tangible fixed assets

Freehold land

Cost

At 1 July 2014 & at 30 June 2015

17,476

Debtors

2015

2014

Trade debtors

540

Other debtors

1,339

1,822

1,339

2,362

103/105 COMERAGH ROAD (LONDON W14) LIMITED

LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

Creditors: amounts falling due within one year

2015

2014

Trade creditors

201

Provisions for liabilities

Other

Balance at 1 July 2014

10,000

Charge to profit and loss account

1,000

Balance at 30 June 2015

11,000

The provision relates to the redecoration of the common parts of the building.

Statement of movements on profit and loss account

Profit
and loss
account

Balance at 1 July 2014

13,578

Profit for the year

544

Balance at 30 June 2015

14,122

Share capital

The company is limited by guarantee and has no authorised or issued share capital. However, every member of the company undertakes to contribute such amount as may be required (not exceeding £1) to the company's assets if it should be wound up while he is a member or within one year after he ceases to be a member, for payment of the company's debts and liabilities contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves.