Registered number
03816002
Highwoods Residents Association Ltd
Filleted Accounts
31 July 2023
Highwoods Residents Association Ltd
Registered number: 03816002
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 - 1,000
Cash at bank and in hand 14,053 11,609
14,053 12,609
Creditors: amounts falling due within one year 4 (255) -
Net current assets 13,798 12,609
Net assets 13,798 12,609
Capital and reserves
Called up share capital 13 13
Profit and loss account 13,785 12,596
Shareholders' funds 13,798 12,609
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 profit and loss account has not been delivered to the Registrar of Companies.
Mr A Blakeney
Director
Approved by the board on 12 February 2024
Highwoods Residents Association Ltd
Notes to the Accounts
for the year ended 31 July 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors - 1,000
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 49 -
Other creditors 206 -
255 -
5 Sinking fund
The company has no sinking fund to meet the cost of any major road repairs. Should these be necessary, the cost will have to be paid for by a charge on members in addition to the usual annual charges.
6 Other information
Highwoods Residents Association Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Highwoods
Caterham
Surrey
CR3 6AX
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