Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-242023-06-24Residents property managementfalse12022-06-25The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1truetrue 01209090 2022-06-25 2023-06-24 01209090 2021-06-25 2022-06-24 01209090 2023-06-24 01209090 2022-06-24 01209090 c:Director1 2022-06-25 2023-06-24 01209090 d:CurrentFinancialInstruments 2023-06-24 01209090 d:CurrentFinancialInstruments 2022-06-24 01209090 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-24 01209090 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-24 01209090 d:RetainedEarningsAccumulatedLosses 2023-06-24 01209090 d:RetainedEarningsAccumulatedLosses 2022-06-24 01209090 c:FRS102 2022-06-25 2023-06-24 01209090 c:AuditExempt-NoAccountantsReport 2022-06-25 2023-06-24 01209090 c:FullAccounts 2022-06-25 2023-06-24 01209090 c:CompanyLimitedByGuarantee 2022-06-25 2023-06-24 01209090 2 2022-06-25 2023-06-24 01209090 e:PoundSterling 2022-06-25 2023-06-24 iso4217:GBP xbrli:pure

Registered number: 01209090










BAIRDS HILL PROPERTY ASSOCIATION LIMITED
(A company limited by guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 24 JUNE 2023

 
BAIRDS HILL PROPERTY ASSOCIATION LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 01209090

BALANCE SHEET
AS AT 24 JUNE 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
269
134

Cash at bank and in hand
 6 
9,294
9,068

  
9,563
9,202

Creditors: amounts falling due within one year
 7 
(650)
(1,192)

Net current assets
  
 
 
8,913
 
 
8,010

Total assets less current liabilities
  
8,913
8,010

  

Net assets
  
8,913
8,010


Capital and reserves
  

Income and expenditure reserves
  
8,913
8,010

  
8,913
8,010


Page 1

 
BAIRDS HILL PROPERTY ASSOCIATION LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 01209090
    
BALANCE SHEET (CONTINUED)
AS AT 24 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





M Pond
Director

Date: 22 February 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BAIRDS HILL PROPERTY ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2023

1.


General information

Bairds Hill Property Association Limited is a private company limited by guarantee incorporated in England and Wales in the United Kingdom.  The address of the registered office is 9 Crescent Road, North Foreland Estate, Broadstairs, Kent CT10 3QY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The financial statements are presented in pounds sterling, which is the functional currency of the company, rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the Company's ability to continue as a going concern.  

 
2.3

Turnover

Turnover represents maintenance and insurance charges due to the Company from the residents of the twelve individual flats situated at 9 Crescent Road, North Foreland Estate, Broadstairs, Kent CT10 3QY.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
BAIRDS HILL PROPERTY ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2023

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.8

Company status

The liability of the members is limited. Each member of the company has undertaken to contribute to the assets of the company in the event of it being wound up, while they are a member, or within one year after they cease to be a member, for the payment of the debts and liabilities of the company contracted before they ceased to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves. Such amount as may be required is limited to £5 per member. There are 12 members.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


5.


Debtors

2023
2022
£
£


Trade debtors
269
134

269
134



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,294
9,068

9,294
9,068


Page 4

 
BAIRDS HILL PROPERTY ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
568

Accruals and deferred income
650
624

650
1,192



8.


Reserves

The income and expenditure reserve has been established as a general reserve to meet the cost of repair, maintenance and premises costs.

 
Page 5