5 Palmeira Avenue (Residents) Association Ltd |
Accountants' Report |
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Accountants' report to the directors of |
5 Palmeira Avenue (Residents) Association Ltd |
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You consider that the company is exempt from an audit for the year ended 29 September 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
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Albion Accounting and Taxation Services Ltd |
Chartered Certified Accountants |
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35 Roman Avenue |
Angmering |
Littlehampton |
West Sussex |
BN16 4GH |
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10 October 2023 |
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5 Palmeira Avenue (Residents) Association Ltd |
Notes to the Accounts |
for the year ended 29 September 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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The Company was dormant throughout the current year and the previous year and all incidental |
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expenses are paid by the shareholders via the maintenance account in their maintenance account |
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proportions. |
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Debtors |
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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. |
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Creditors |
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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. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
3 |
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3 |
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3 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Other debtors |
100 |
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100 |
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4 |
Other information |
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5 Palmeira Avenue (Residents) Association Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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35 Roman Avenue |
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Angmering |
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Littlehampton |
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West Sussex |
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BN16 4GH |