| RUTLAND COURT (TENANTS) LIMITED |
| Registered number: |
00963542 |
| Directors' Report |
|
| The directors present their report and accounts for the year ended 31 March 2016. |
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| Principal activities |
| The principal activity of the company was the administration of variable service charges as agents of the statutory trust for the residents of Rutland Court, London, SW7. |
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| The company has no income or expenditure in its own right, all transactions in the year being related to the maintenance of common parts in accordance with the lease. Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property, in accordance with the provisions of section 42 of the Landlord and tenants act 1987. |
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| Directors |
| The following persons served as directors during the year: |
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|
M A Kalo |
|
T Khayat |
|
N Saigol |
|
K R Sanbar |
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| Under the Articles of Association, only leaseholders of Rutland Court may serve as directors. Also in accordance with the Articles of Association, M A Kalo and N Saigol retire by rotation, and being eligable offer themselves for re-election. |
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| Directors' responsibilities |
| The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. |
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| Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are 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 accounts, the directors are required to: |
| ● |
select suitable accounting policies and then apply them consistently; |
| ● |
make judgements and estimates that are reasonable and prudent; |
| ● |
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
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| 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 accounts 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. |
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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 17 November 2016 and signed on its behalf. |
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| M A Kalo |
| Director |
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| RUTLAND COURT (TENANTS) LIMITED |
| Balance Sheet |
| as at 31 March 2016 |
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| Notes |
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|
2016 |
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|
2015 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
48 |
|
|
48 |
| Total assets less current liabilities |
|
|
|
48 |
|
|
48 |
|
| Net assets |
|
|
|
48 |
|
|
48 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
48 |
|
|
48 |
| Profit and loss account |
|
|
|
- |
|
|
- |
|
| Shareholders' funds |
|
|
|
48 |
|
|
48 |
|
|
|
|
|
|
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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. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| 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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|
|
| M A Kalo |
| Director |
| Approved by the board on 17 November 2016 |
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| RUTLAND COURT (TENANTS) LIMITED |
| Notes to the Accounts |
| for the year ended 31 March 2016 |
|
| 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 January 2015). |
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| 2 |
Taxation |
2016 |
|
2015 |
| £ |
£ |
|
|
UK corporation tax |
- |
|
- |
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There is no corporation tax payable based on the result for the year (2015-no corporation tax payable) |
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|
| 3 |
Debtors |
2016 |
|
2015 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
48 |
|
48 |
|
|
|
|
|
|
48 |
|
48 |
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
A Ordinary shares |
£1 each |
|
46 |
|
46 |
|
46 |
|
B Ordinary shares |
£0.05 each |
|
50 |
|
2 |
|
2 |
|
|
|
|
|
|
48 |
|
48 |
|
|
|
|
|
|
|
|
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|
| 5 |
Ultimate controlling party |
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The directors regard Graceplan Property Management Limited to be the company's ultimate parent undertaking. |
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| 6 |
Contractual commitments |
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The company contracts with third parties in its own name for the supply of services to the property for maintenance of the common parts in accordance with the terms of the leases. At 31 March 2016 the company had not entered into any non-cancellable contractual commitments (2015: Nil non-cancellable contractual commitments). |