The Rosslyn Court Residents Association Limited 02790867 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is the provision of management and administrative services for the tenants and residents of flats situated at Rosslyn Court, 3 Kirtleton Avenue, Weymouth, Dorset. The company owns the freehold reversion of Rosslyn Court subject to 999 year leases on the 9 leasehold properties Digita Accounts Production Advanced 6.30.9574.0 true 02790867 2022-06-01 2023-05-31 02790867 2023-05-31 02790867 bus:Director7 2023-05-31 02790867 core:FurtherSpecificReserve1ComponentTotalEquity 2023-05-31 02790867 core:OtherReservesSubtotal 2023-05-31 02790867 core:RetainedEarningsAccumulatedLosses 2023-05-31 02790867 core:CurrentFinancialInstruments 2023-05-31 02790867 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 02790867 core:FurnitureFittingsToolsEquipment 2023-05-31 02790867 bus:SmallEntities 2022-06-01 2023-05-31 02790867 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 02790867 bus:FullAccounts 2022-06-01 2023-05-31 02790867 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 02790867 bus:RegisteredOffice 2022-06-01 2023-05-31 02790867 bus:CompanySecretary1 2022-06-01 2023-05-31 02790867 bus:Director5 2022-06-01 2023-05-31 02790867 bus:Director7 2022-06-01 2023-05-31 02790867 bus:CompanyLimitedByGuarantee 2022-06-01 2023-05-31 02790867 bus:Agent1 2022-06-01 2023-05-31 02790867 core:FurtherSpecificReserve1ComponentTotalEquity 2022-06-01 2023-05-31 02790867 core:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 02790867 core:FurnitureFittings 2022-06-01 2023-05-31 02790867 countries:EnglandWales 2022-06-01 2023-05-31 02790867 2022-05-31 02790867 core:FurtherSpecificReserve1ComponentTotalEquity 2022-05-31 02790867 core:RetainedEarningsAccumulatedLosses 2022-05-31 02790867 core:FurnitureFittingsToolsEquipment 2022-05-31 02790867 2021-06-01 2022-05-31 02790867 2022-05-31 02790867 core:FurtherSpecificReserve1ComponentTotalEquity 2022-05-31 02790867 core:OtherReservesSubtotal 2022-05-31 02790867 core:RetainedEarningsAccumulatedLosses 2022-05-31 02790867 core:CurrentFinancialInstruments 2022-05-31 02790867 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 02790867 core:FurnitureFittingsToolsEquipment 2022-05-31 02790867 core:FurtherSpecificReserve1ComponentTotalEquity 2021-06-01 2022-05-31 02790867 core:RetainedEarningsAccumulatedLosses 2021-06-01 2022-05-31 02790867 2021-05-31 02790867 core:FurtherSpecificReserve1ComponentTotalEquity 2021-05-31 02790867 core:RetainedEarningsAccumulatedLosses 2021-05-31 iso4217:GBP xbrli:pure

Registration number: 02790867

The Rosslyn Court Residents Association Limited (A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

image-name

Chartered Accountants

 

The Rosslyn Court Residents Association Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Financial Statements

7 to 9

 

The Rosslyn Court Residents Association Limited

Company Information

Directors

J Walton

Ms P H Starbuck

Company secretary

Dickinson Bowden Secretarial Services Limited

Registered office

62 High West Street
Dorchester
Dorset
DT1 1UY

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

The Rosslyn Court Residents Association Limited

Directors' Report
for the Year Ended 31 May 2023

The directors present their report and the financial statements for the year ended 31 May 2023.

Director of the company

The director who held office during the year was as follows:

J Walton

The following director was appointed after the year end:

Ms P H Starbuck (appointed 2 February 2024)

Principal activity

The principal activity of the company continued to be that of the provision of management and administrative services for the tenants and residents of flats situated at Rosslyn Court, 3 Kirtleton Avenue, Weymouth, Dorset. The company owns the freehold reversion of Rosslyn Court subject to 999 year leases on the 9 leasehold properties

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 20 February 2024 and signed on its behalf by:


Dickinson Bowden Secretarial Services Limited
Company secretary

   
     
 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Rosslyn Court Residents Association Limited
for the Year Ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Rosslyn Court Residents Association Limited for the year ended 31 May 2023 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Rosslyn Court Residents Association Limited, as a body, in accordance with the terms of our engagement letter dated 2 August 2019. Our work has been undertaken solely to prepare for your approval the accounts of The Rosslyn Court Residents Association Limited and state those matters that we have agreed to state to the Board of Directors of The Rosslyn Court Residents Association Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Rosslyn Court Residents Association Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Rosslyn Court Residents Association Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Rosslyn Court Residents Association Limited. You consider that The Rosslyn Court Residents Association Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Rosslyn Court Residents Association Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

20 February 2024

 

The Rosslyn Court Residents Association Limited

Profit and Loss Account
for the Year Ended 31 May 2023

2023
  £

2022
  £

Turnover

11,340

11,395

Administrative expenses

(8,661)

(12,607)

Operating surplus/(deficit)

2,679

(1,212)

Interest payable and similar charges

-

(53)

-

(53)

Surplus/(deficit) before tax

2,679

(1,265)

Taxation

-

-

Surplus/(deficit) for the financial year

2,679

(1,265)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

The Rosslyn Court Residents Association Limited

(Registration number: 02790867)
Balance Sheet as at 31 May 2023

Note

2023
 

2022
 

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

1

 

1

Current assets

   

 

Debtors

5

5,919

 

4,509

 

Cash at bank and in hand

 

25,422

 

24,266

 

 

31,341

 

28,775

 

Creditors: Amounts falling due within one year

6

(1,005)

 

(1,118)

 

Net current assets

   

30,336

 

27,657

Net assets

   

30,337

 

27,658

Capital and reserves

   

 

Depreciation fund

30,337

 

27,658

 

Profit and loss account

-

 

-

 

   

30,337

 

27,658

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 20 February 2024 and signed on its behalf by:
 



Ms P H Starbuck
Director

 

The Rosslyn Court Residents Association Limited

Statement of Changes in Equity
for the Year Ended 31 May 2023

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 June 2022

27,658

-

27,658

Surplus for the year

-

2,679

2,679

Total comprehensive income

-

2,679

2,679

Transfers

2,679

(2,679)

-

At 31 May 2023

30,337

-

30,337

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 June 2021

28,923

-

28,923

Deficit for the year

-

(1,265)

(1,265)

Total comprehensive income

-

(1,265)

(1,265)

Transfers

(1,265)

1,265

-

At 31 May 2022

27,658

-

27,658

 

The Rosslyn Court Residents Association Limited

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

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
62 High West Street
Dorchester
Dorset
DT1 1UY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The freehold reversion of The Rosslyn Court Residents Asssociation Limited was acquired at nil cost, so is not shown on the balance sheet.

Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Asset class

Depreciation method and rate

Fire alarm system

20% per annum

 

The Rosslyn Court Residents Association Limited

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0). The average number of directors on the board during the year was 1 (2022 - 1).

4

Tangible assets

Fire alarm system
 £

Total
£

Cost

At 1 June 2022

2,738

2,738

At 31 May 2023

2,738

2,738

Depreciation

At 1 June 2022

2,737

2,737

At 31 May 2023

2,737

2,737

Net book value

At 31 May 2023

1

1

At 31 May 2022

1

1

5

Debtors

Current

2023
£

2022
£

Amounts due from lessees

5,345

4,085

Prepayments

414

264

Other debtors

160

160

 

5,919

4,509

 

The Rosslyn Court Residents Association Limited

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

6

Creditors

2023
£

2022
£

Due within one year

Amounts received in advance from lessees

130

130

Other creditors

875

988

1,005

1,118