IRIS Accounts Production v23.3.1.45 01268356 Board of Directors 1.7.22 30.6.23 30.6.23 the management and maintenance control of residential apartments and property situated in Harriet Way, Little Bushey Lane, Bushey Heath, Hertfordshire. 0 0 false true false false true false 0 0 Ordinary 20.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012683562022-06-30012683562023-06-30012683562022-07-012023-06-30012683562021-06-30012683562021-07-012022-06-30012683562022-06-3001268356ns10:Originalns15:EnglandWales2022-07-012023-06-3001268356ns14:PoundSterlingns10:Original2022-07-012023-06-3001268356ns10:Originalns10:Director12022-07-012023-06-3001268356ns10:Original2022-07-012023-06-3001268356ns10:Original2023-06-3001268356ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3001268356ns10:Originalns10:SmallEntities2022-07-012023-06-3001268356ns10:Originalns10:AuditExemptWithAccountantsReport2022-07-012023-06-3001268356ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3001268356ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3001268356ns10:Originalns10:FullAccounts2022-07-012023-06-3001268356ns10:Original2021-07-012022-06-3001268356ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3001268356ns10:Originalns10:Director32022-07-012023-06-3001268356ns10:Originalns10:Director52022-07-012023-06-3001268356ns10:Originalns10:Director62022-07-012023-06-3001268356ns10:Originalns10:RegisteredOffice2022-07-012023-06-3001268356ns10:Originalns10:Director22022-07-012023-06-3001268356ns10:Originalns10:Director42022-07-012023-06-3001268356ns10:Original2022-06-3001268356ns10:Originalns5:CurrentFinancialInstruments2023-06-3001268356ns10:Originalns5:CurrentFinancialInstruments2022-06-3001268356ns5:ShareCapitalns10:Original2023-06-3001268356ns5:ShareCapitalns10:Original2022-06-3001268356ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3001268356ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3001268356ns10:Originalns5:CurrentFinancialInstruments2022-07-012023-06-3001268356ns10:Originalns10:OrdinaryShareClass12023-06-3001268356ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-012023-06-3001268356ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-30
REGISTERED NUMBER: 01268356 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

HARRIET CLOSE RESIDENTS ASSOCIATION
LIMITED

HARRIET CLOSE RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 01268356)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


HARRIET CLOSE RESIDENTS ASSOCIATION
LIMITED

COMPANY INFORMATION
for the Year Ended 30th June 2023







DIRECTORS: Ms A K Denby
G C Pryde
N Bowdrey
D A Gilbert





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 01268356 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

HARRIET CLOSE RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 01268356)

REPORT OF THE DIRECTORS
for the Year Ended 30th June 2023

The directors present their report with the financial statements of the company for the year ended 30th June 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st July 2022 to the date of this report.

Ms A K Denby
G C Pryde
N Bowdrey
D A Gilbert

Other changes in directors holding office are as follows:

R M P Harris - resigned 20th January 2023
Ms J Anderson - resigned 20th June 2023

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

ON BEHALF OF THE BOARD:





Ms A K Denby - Director


10th March 2024

HARRIET CLOSE RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 01268356)

INCOME STATEMENT
for the Year Ended 30th June 2023

30/6/23 30/6/22
Notes £    £   

INCOME 52,800 52,800

Service Charge Expenditure 44,173 54,266
OPERATING PROFIT/(LOSS) and
PROFIT/(LOSS) BEFORE TAXATION 8,627 (1,466 )

Tax on profit/(loss) 4 - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

8,627

(1,466

)

HARRIET CLOSE RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 01268356)

BALANCE SHEET
30th June 2023

30/6/23 30/6/22
Notes £    £   
CURRENT ASSETS
Debtors 5 104,147 96,540

CREDITORS
Amounts falling due within one year 6 103,267 95,660
NET CURRENT ASSETS 880 880
TOTAL ASSETS LESS CURRENT
LIABILITIES

880

880

CAPITAL AND RESERVES
Called up share capital 7 880 880
SHAREHOLDERS' FUNDS 880 880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the Board of Directors and authorised for issue on 10th March 2024 and were signed on its behalf by:





Ms A K Denby - Director


HARRIET CLOSE RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 01268356)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2023

1. STATUTORY INFORMATION

Harriet Close Residents Association Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
Income represents service charge contributions receivable from the lessees in specified proportions based on the budget prepared by the managing agent at the beginning of each year, and in accordance with the provisions of each lease. The company receives these amounts as agent, which are then held on trust, and therefore do not constitute turnover.

Presentation of the income statement
The presentation of the Income Statement on page 3 has been modified from the prescribed format for company accounts in order to provide more information to lessees and other parties who may be interested in the expenditure incurred in the management of the property.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

30/6/23 30/6/22
£    £   
Directors' remuneration - -

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 30th June 2023 nor for the year ended 30th June 2022.

The activity of the company is defined as mutual trading as a consequence of which the company is subject to UK corporation tax on investment income only.


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 2,902 4,197
Bank balances held by managing agent 95,177 87,522
Prepayments 6,068 4,821
104,147 96,540

HARRIET CLOSE RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 01268356)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade creditors - 2,618
Receipts in advance 5,960 4,855
Reserve Fund 84,054 84,054
Service Charge Account 9,345 718
Accrued expenses 3,908 3,415
103,267 95,660

The Reserve Fund and Service Charge Account are held on trust to the credit of lessees. The balance on the Reserve Fund is carried forward to meet the cost of future major works.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
44 Ordinary £20 880 880

8. RESERVES
Retained
earnings
£   

Profit for the year 8,627
Transfer to Service Charge
Account

(8,627

)

At 30th June 2023 -

9. CONTINGENT LIABILITIES

The company had no contingent liabilities at 30th June 2023 (2022 - None).

10. CAPITAL COMMITMENTS
30/6/23 30/6/22
£    £   
Contracted but not provided for in the
financial statements - -

11. RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such receives income in the form of service charge contributions from lessees, some of whom are directors of the company. Service charge contributions payable by the directors are on the same basis as for all of the other lessees.