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REGISTERED NUMBER: 02067821 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 23 JUNE 2015

FOR

2 - 14 ORSETT TERRACE MANAGEMENT COMPANY
LIMITED
2 - 14 ORSETT TERRACE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02067821)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 23 JUNE 2015




Page

Company Information 1

Chartered Certified Accountant's Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 5
2 - 14 ORSETT TERRACE MANAGEMENT COMPANY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 23 JUNE 2015







DIRECTORS: D H Williams
Ms S L Abreu
D Stadlmann
P G Hamilton
Ms Z S W Chan





REGISTERED OFFICE: Flat 1
4 Orsett Terrace
London
W2 6AZ





REGISTERED NUMBER: 02067821 (England and Wales)





ACCOUNTANT: Lescott Courts Limited
Chartered Certified Accountants
Unit 11 Mildmay House
Foundry Lane
Burnham on Crouch
Essex
CM0 8BL
CHARTERED CERTIFIED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
2 - 14 ORSETT TERRACE MANAGEMENT COMPANY
LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial
statements of 2 - 14 Orsett Terrace Management Company Limited for the year ended 23 June 2015 which comprise the
Income and Expenditure Account, the Balance Sheet, and the related notes from the company's accounting records and
from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of 2 - 14 Orsett Terrace Management Company Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of 2 - 14 Orsett Terrace Management Company Limited and state those matters that I have agreed to state to the Board of Directors of 2 - 14 Orsett Terrace Management Company Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that 2 - 14 Orsett Terrace Management Company 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 2 - 14 Orsett Terrace Management Company Limited. You consider that 2 - 14 Orsett Terrace Management Company Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of 2 - 14 Orsett Terrace
Management Company Limited. For this reason, I have not verified the accuracy or completeness of the accounting
records or information and explanations you have given to me and I do not, therefore, express any opinion on the
statutory financial statements.






Lescott Courts Limited
Chartered Certified Accountants
Unit 11 Mildmay House
Foundry Lane
Burnham on Crouch
Essex
CM0 8BL


14 September 2015
2 - 14 ORSETT TERRACE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02067821)

ABBREVIATED BALANCE SHEET
23 JUNE 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 215,000 215,000

CURRENT ASSETS
Debtors 445 1,904
Cash at bank 14,481 -
14,926 1,904
CREDITORS
Amounts falling due within one year 14,926 1,904
NET CURRENT LIABILITIES - -
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,000

215,000

CREDITORS
Amounts falling due after more than one
year

3

70,091

70,091
NET ASSETS 144,909 144,909

RESERVES
Revaluation reserve 138,151 138,151
Income and expenditure account 6,758 6,758
144,909 144,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 June 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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.
2 - 14 ORSETT TERRACE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02067821)

ABBREVIATED BALANCE SHEET - continued
23 JUNE 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 14 September 2015 and were signed on its behalf
by:





D H Williams - Director

2 - 14 ORSETT TERRACE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02067821)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 23 JUNE 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008).

Changes in accounting policies and prior year adjustment
Following a joint Technical release by the Institute of Accounts England and Wales (ICAEW), Association of
managing agents (ARMA) and Royal institute of chartered surveyors (RICS) ref 01/10 the company has had to
remove all references to service charge monies held or expended on behalf of the leaseholders.These are now
prepared on a separate set of service charge accounts for the leaseholders.

The limited company accounts now only deal with the freehold property ownership.

There are no changes to the companies reserves overall reserves but the prior year current asset and liabilities
have been removed form the accounts. These have always netted of in the past as the cash at bank figure always
equalled the balance held on behalf of leaseholders.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - not provided

Freehold property
On the 20 September 1991 the company acquired the freehold of 2-14 Orsett Terrace. This purchase was
financed by loans from 22 leaseholders and the company's bankers. The bank loan has been serviced by
contributions from the remaining leaseholders to cover both the interest and capital repayments. It had been
intended that, when the bank loan was repaid in 1999, the company would extend the original 125 year leases to
those with a term of 999 years. At the annual general meeting on 24 September 1999 it was resolved to defer
this decision as it appeared that proposed new legislation may considerably simplify the legal process involved.

From 20 September 1991 no ground rents have been collected from the leaseholders.

On 20 November 1992 the company acquired the leasehold of the caretakers flat. The premises were previously
leased by the company and an appropriate amount included in the service charge to cover this expenditure. With
effect from 20 November 1992 an amount was included in the service charge to cover the repayments to the
company's bankers for the loan made to finance the acquisition. The bank loan has now been repaid.

Company limited by guarantee
The company is limited by guarantee with all sixty seven leaseholders being members. In the event of a
liquidation the members undertake to contribute an amount not exceeding £1.

2. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 24 June 2014
and 23 June 2015 215,000
NET BOOK VALUE
At 23 June 2015 215,000
At 23 June 2014 215,000
2 - 14 ORSETT TERRACE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02067821)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 23 JUNE 2015

3. CREDITORS

Creditors include the following debts falling due in more than five years:

2015 2014
£    £   
Repayable otherwise than by instalments 70,091 70,091

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