L.B.C. & J. Courts Residents' Association Limited


FINANCIAL STATEMENTS


for the year ended 25th December 2021



L.B.C. & J. Courts Residents' Association Limited

CONTENTS

for the year ended 25th December 2021







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

L.B.C. & J. Courts Residents' Association Limited

Company No. 01848869

STATEMENT OF FINANCIAL POSITION

as at 25th December 2021

20212020
Note£££
FIXED ASSETS
Property, plant and equipment487998799
87998799
CURRENT ASSETS
Debtors5147912775
Cash at bank and in hand6166431250
6314344025
CURRENT LIABILITIES
Creditors: amounts falling due
within one year--
NET CURRENT ASSETS6314344025
TOTAL ASSETS LESS CURRENT LIABILITIES7194252824
 
Creditors: amounts falling due
after more than one year--
 
Provisions for liabilities and charges
General reserve6222243104
 
NET ASSETS97209720
 
CAPITAL AND RESERVES
Called up share capital97209720
SHAREHOLDERS FUNDS97209720

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 25th December 2021 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and 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.

Approved by the Board on 10 September 2022


Miss M J Eyres

Director

Company Number 01848869 (England)

L.B.C. & J. Courts Residents' Association Limited

NOTES TO THE ACCOUNTS

for the year ended 25th December 2021


1   Statutory information

L.B.C. & J. Courts Residents' Association Limited is a private company limited by shares and registered under company number 01848869 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent. DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 1 (2020 - 1).

4   Property, plant and equipment
 
Land and
BuildingsTotal
££
Cost
At 26th December 2020 and
At 25th December 202187998799
 
Depreciation
At 26th December 2020 and
At 25th December 2021--
 
Net Book Value
At 25th December 202187998799
At 25th December 202087998799

5   Debtors20212020
££
 
Other debtors-9800
Prepayments and accrued income14792975
147912775

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