Registered number
01717621
Moring Road (Tooting) Residents Association
Filleted Accounts
30 June 2022
Moring Road (Tooting) Residents Association
Registered number: 01717621
Balance Sheet
as at 30 June 2022
Notes 2022 2021
£ £
Current assets
Debtors 3 400 225
Cash at bank and in hand 7,730 22,246
8,130 22,471
Creditors: amounts falling due within one year 4 (414) (427)
Net current assets 7,716 22,044
Net assets 7,716 22,044
Capital and reserves
Called up share capital 70 70
Maintenance Provision 7,646 21,974
Shareholders' funds 7,716 22,044
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.
The 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Inglis
Director
Approved by the board on 12 August 2022
Moring Road (Tooting) Residents Association
Notes to the Accounts
for the year ended 30 June 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
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.
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.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2022 2021
£ £
Other debtors 400 225
4 Creditors: amounts falling due within one year 2022 2021
£ £
Accountancy fees 414 414
Other creditors - 13
414 427
5 Other information
Moring Road (Tooting) Residents Association is a private company limited by shares and incorporated in England. Its registered office is:
Elizabeth Court
Moring Road
London
SW17 8DW
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