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REGISTERED NUMBER: 04401301 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 March 2023

for

Hassocks Lodge Residents Association Ltd

Hassocks Lodge Residents Association Ltd (Registered number: 04401301)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hassocks Lodge Residents Association Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr K P McCarthy
Mrs B J Price
Mrs E J Cheal
Mr V Mitropoulos
C Parekh





SECRETARY: Mr K P McCarthy





REGISTERED OFFICE: Flat 13
Hassocks Lodge
Keymer Road
Hassocks
West Sussex
BN6 8AT





REGISTERED NUMBER: 04401301 (England and Wales)






Hassocks Lodge Residents Association Ltd (Registered number: 04401301)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,714 89,714

CURRENT ASSETS
Debtors 5 6,560 590
Cash at bank 29,745 28,520
36,305 29,110
CREDITORS
Amounts falling due within one year 6 1,867 3,221
NET CURRENT ASSETS 34,438 25,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,152

115,603

CAPITAL AND RESERVES
Called up share capital 20 20
Share premium 90,680 90,680
Retained earnings 33,452 24,903
124,152 115,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 11 July 2023 and were signed on its behalf by:





Mr K P McCarthy - Director


Hassocks Lodge Residents Association Ltd (Registered number: 04401301)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Hassocks Lodge Residents Association Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The turnover represents maintenance contributions from the members of the company and other tenants.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2022
and 31 March 2023 89,714
NET BOOK VALUE
At 31 March 2023 89,714
At 31 March 2022 89,714

No depreciation is charged on the company's interest in the freehold property Hassocks Lodge as the value of the freehold is based on the future ground rents receivable. This is a departure from the requirement of the Companies Act 2006 which requires all properties to be depreciated. The directors believe that to depreciate the properties would not give a true and fair view.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,560 590
Other debtors 5,000 -
6,560 590

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 1,867 3,221