Company Registration No. 02396151 (England and Wales)
Sundale Lane Residents Association Limited
Unaudited accounts
for the year ended 31 December 2023
Sundale Lane Residents Association Limited
Unaudited accounts
Contents
Sundale Lane Residents Association Limited
Statement of financial position
as at 31 December 2023
Tangible assets
1,060
1,060
Cash at bank and in hand
4,692
4,477
Creditors: amounts falling due within one year
(372)
(344)
Net current assets
4,320
4,133
Total assets less current liabilities
5,380
5,193
Provisions for liabilities
Other provisions
(3,500)
(1,500)
Called up share capital
12
12
Profit and loss account
1,868
3,681
Shareholders' funds
1,880
3,693
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 January 2024 and were signed on its behalf by
Jonathan Ian Barley
Director
Company Registration No. 02396151
Sundale Lane Residents Association Limited
Notes to the Accounts
for the year ended 31 December 2023
Sundale Lane Residents Association Limited is a private company, limited by shares, registered in England and Wales, registration number 02396151. The registered office is 175 Middleton Road, Bognor Regis, PO22 6DF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Income is recognised when the company has become entitled to receive the annual contributions from the residents.
Tangible fixed assets and depreciation
Tangible assets are included at cost less impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Freehold land 0% on cost
4
Tangible fixed assets
Land & buildings
Land & Buildings consists of the freehold of the lane know as Sundale Lane. The directors are of the opinion that that fair value of the property has not changed from its original cost.
5
Creditors: amounts falling due within one year
2023
2022
Sundale Lane Residents Association Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Provisions for liabilities
£
Additional provisions made during the period
2,000
The provisions for liabilities consists of the contingency fund for the estimated costs of future repairs needed to the lane.
Allotted, called up and fully paid:
12 Ordinary shares of £1 each
12
12
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).