REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
FOR |
UXBRIDGE HOUSE (KINGSTON) RESIDENTS |
ASSOCIATION LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
FOR |
UXBRIDGE HOUSE (KINGSTON) RESIDENTS |
ASSOCIATION LIMITED |
UXBRIDGE HOUSE (KINGSTON) RESIDENTS |
ASSOCIATION LIMITED (REGISTERED NUMBER: 01944446) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
UXBRIDGE HOUSE (KINGSTON) RESIDENTS |
ASSOCIATION LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Turnbull House |
226 Mulgrave Road |
Cheam |
Sutton |
Surrey |
SM2 6JT |
UXBRIDGE HOUSE (KINGSTON) RESIDENTS |
ASSOCIATION LIMITED (REGISTERED NUMBER: 01944446) |
BALANCE SHEET |
31 DECEMBER 2021 |
2021 | 2020 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
General reserve | 7 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 profit or loss 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
UXBRIDGE HOUSE (KINGSTON) RESIDENTS |
ASSOCIATION LIMITED (REGISTERED NUMBER: 01944446) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
1. | STATUTORY INFORMATION |
Uxbridge House (Kingston) Residents Association Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts. |
Coronavirus (Covid-19) |
There remains some uncertainty as to the size, nature and duration of the impact that will result from the ongoing Coronavirus (Covid-19) pandemic and the national response thereto. The directors continue to closely monitor the development of the Covid-19 pandemic and evaluate its impact on the operations and financial position of the company, which have been minimal to date. |
The directors, having considered all the information available, are confident that the company has adequate reserves and resources to continue its operational activities for the foreseeable future. Accordingly, the directors are satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements. |
Revenue recognition |
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable from lessees for services supplied, net of any credits or discounts. |
Revenue is recognised in the accounting period in which the services were rendered and represents service charges receivable during the year for the administration and maintenance of the property. |
Taxation |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. No liability to corporation tax arose on the ordinary activities of the company in the current or previous accounting period as it is non-profit making organisation. |
General reserve |
The general reserve comprises sums set aside to carry forward as a provision against future costs. Such provision is considered prudent to enable the company to manage the property. |
Profit and loss |
It is considered that the activities of the company do not give rise to a profit or loss due to its nature as a flat management company. Any excess of service charges levied over current expenditure will be transferred to the general reserve. Any deficits arising are to be recovered from the lessees through future service charges. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Maintenance contributions in arrears |
Prepayments |
UXBRIDGE HOUSE (KINGSTON) RESIDENTS |
ASSOCIATION LIMITED (REGISTERED NUMBER: 01944446) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Accrued expenses |
Maintenance contributions in advance |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
Ordinary | £10 | 80 | 80 |
7. | RESERVES |
General |
reserve |
£ |
At 1 January 2021 | ( |
) |
Profit for the year |
At 31 December 2021 |
Any surplus or deficit resulting from the current period's income and expenditure account is retained in the company's general reserve fund. The present level of the fund is insufficient and given the uncertainty as to whether and when substantial costs may arise on the property the directors have confirmed that they will address the level of the fund to the lessees of the property. |