Registered number
01785936
Berkley Close Residents Association Limited
Filleted Accounts
31 March 2023
Berkley Close Residents Association Limited
Registered number: 01785936
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 19,723 19,723
Current assets
Debtors 4 2,960 4,984
Cash at bank and in hand 40,735 30,973
43,695 35,957
Creditors: amounts falling due within one year 5 (2,288) (2,587)
Net current assets 41,407 33,370
Net assets 61,130 53,093
Capital and reserves
Called up share capital 150 150
Income and expenditure account 60,980 52,943
Shareholders' funds 61,130 53,093
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 income and expenditure account has not been delivered to the Registrar of Companies.
Sarah Hockley
Director
Approved by the board on 20 December 2023
Berkley Close Residents Association Limited
Notes to the Accounts
for the year ended 31 March 2023
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. Turnover represents the value of maintenance levies receivable from the lessees together with administation fees etc. receivable and insurance receipts.
Tangible fixed assets
Tangible fixed assets, being freehold land and buildings only, are stated at historical cost. No depreciation is provided on freehold buildings since the book value is substantially less than its' present value. The freehold building is reviewed annually for any potential impairment, and its' value is maintained by a full programme of repair and renovation.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price).
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
The company has been advised by HM Revenue and Customs that provided its circumstances remain unchanged and its potential Corporation Tax liability for any year is not expected to exceed £100, it will not be required to pay Corporation Tax on its interest receivable.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 19,723
At 31 March 2023 19,723
Depreciation
At 31 March 2023 -
Net book value
At 31 March 2023 19,723
At 31 March 2022 19,723
4 Debtors 2023 2022
£ £
Other debtors 2,960 4,984
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 2,288 2,587
6 Other information
Berkley Close Residents Association Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Berkley Close
Wellesley Road
Twickenham
Middlesex
TW2 5SG
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