Directors and Advisors<\/a> Directors<\/strong> Secretary and Registered Office<\/strong> Registered Auditors<\/strong> Solicitors<\/strong> Bankers<\/strong> The directors present their report and the audited financial statements for the year ended 31 July 2014<\/p>\n\n\n\n Principal activities<\/strong><\/p>\n\n\n\n The principal activities of the company are the provision of conference and catering services and property development. The activities are mainly centred in the higher education sector and take place in the United Kingdom.<\/p>\n\n\n\n Review of business<\/strong><\/p>\n\n\n\n The company produced a pre-tax loss for the year amounting to \u00a34,980 (2013: a profit of \u00a323,994). In 2014 and 2013 all of the activities related to the provision of conference and catering services. On 2 December 2013, all of the 11,499,900 preference shares were redeemed. These shares had been allotted but not paid up. This exercise was carried out to ensure that the value of issued capital more accurately reflects the capital requirements of the company’s current business activities.<\/p>\n\n\n\n Charitable donations<\/strong><\/p>\n\n\n\n It is usual practice for the company to gift aid the lower of its accounting and taxable profits (after transfers to reserves) to the University of Gloucestershire, of which the company is a wholly owned subsidiary. For the year ended 31 July 2014, there were no profits available to gift aid.<\/p>\n\n\n\n Dividends and transfers to reserves<\/strong><\/p>\n\n\n\n The directors do not recommend the payment of a dividend (2013: \u00a3Nil).<\/p>\n\n\n\n Directors<\/strong><\/p>\n\n\n\n The directors of the company who served during the year to 31 July 2014 were:<\/p>\n\n\n\n R K O’Doherty Statement of directors\u2019 responsibilities for the financial statements<\/strong><\/p>\n\n\n\n The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.<\/p>\n\n\n\n Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare financial statements in accordance with United Kingdom Accounting Standards (United Kingdon Generally Accepted Accounting Practice). The financial statements are required by law to 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 directors are required to:<\/p>\n\n\n\n Statement of directors\u2019 responsibilities for the financial statements (continued)<\/strong><\/p>\n\n\n\n The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements 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.<\/p>\n\n\n\n Employees<\/strong><\/p>\n\n\n\n There were no employees of the company for the year ended 31 July 2014 (2013: Nil).<\/p>\n\n\n\n Post Balance Sheet Events<\/strong><\/p>\n\n\n\n There were no post balance sheet events.<\/p>\n\n\n\n Taxation status<\/strong><\/p>\n\n\n\n The company is a close company as defined by the provisions of the Income Tax Act 2007 and Corporation Tax Act 2010 and this position has not changed since the end of the financial year.<\/p>\n\n\n\n Auditors<\/strong><\/p>\n\n\n\n Grant Thornton UK LLP, having expressed their willingness to continue in office, will be deemed reappointed for the next financial year in accordance with section 487(2) of the Companies Act 2006 unless the company receives notice under section 488(1) of the Companies Act 2006.<\/p>\n\n\n\n Small company provisions<\/strong><\/p>\n\n\n\n This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.<\/p>\n\n\n\n Approved by the directors and signed on their behalf on 10 November 2014 by:<\/strong><\/p>\n\n\n\n R K O’Doherty (Director)<\/strong><\/p>\n\n\n\n We have audited the financial statements of Fullwood Park Limited for the year ended 31 July 2014 which comprise the profit and loss account, balance sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).<\/p>\n\n\n\n This report is made solely to the company\u2019s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company\u2019s members those matters we are required to state to them in an auditor\u2019s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company\u2019s members as a body, for our audit work, for this report, or for the opinions we have formed.<\/p>\n\n\n\n
Directors\u2019 Report<\/a>
Independent Auditor’s Report to the Shareholders of Fullwood Park Limited<\/a>
Profit and Loss Account<\/a>
Balance Sheet<\/a>
Notes to the Financial Statements<\/a><\/p>\n\n\n\nDirectors and advisors for the year ended 31 July 2014<\/h2>\n\n\n\n
R K O’Doherty
F C Stallard
J Thackray<\/p>\n\n\n\n
K Walton
The Waterworth Building
Park Campus
The Park
Cheltenham
Gloucestershire
GL50 2RH<\/p>\n\n\n\n
Grant Thornton UK LLP
3140 Rowan Place
John Smith Drive
Oxford Business Park South
Oxford
OX4 2WB<\/p>\n\n\n\n
Pinsent Masons LLP
3 Colmore Circus
Birmingham
B4 6BH<\/p>\n\n\n\n
The Royal Bank of Scotland plc
P O Box 9
31 The Promenade
Cheltenham
Gloucestershire
GL50 1LH<\/p>\n\n\n\nDirectors\u2019 report for the year ended 31 July 2014<\/h2>\n\n\n\n
F C Stallard
J Thackray (appointed 20 November 2013)<\/p>\n\n\n\nIndependent Auditor’s Report to the members of Fullwood Park Limited<\/h2>\n\n\n\n