Registered number
05203032
Kynaston Court Residents Association Limited
Filleted Accounts
31 August 2023
Kynaston Court Residents Association Limited
Registered number: 05203032
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 1,641 2,619
Cash at bank and in hand 10,332 13,014
11,973 15,633
Creditors: amounts falling due within one year 4 (926) (2,136)
Net current assets 11,047 13,497
Net assets 11,047 13,497
Capital and reserves
Revaluation reserve 5 6,400 6,400
Profit and loss account 4,647 7,097
Shareholders' funds 11,047 13,497
The director is 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 director acknowledges his 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.
P Crowley
Director
Approved by the board on 12 February 2024
Kynaston Court Residents Association Limited
Notes to the Accounts
for the year ended 31 August 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 2 2
3 Debtors 2023 2022
£ £
Other debtors 1,641 2,619
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 350 1,584
Amounts owed to group undertakings and undertakings in which the company has a participating interest 97 96
Other creditors 479 456
926 2,136
5 Revaluation reserve 2023 2022
£ £
At 1 September 2022 6,400 6,400
At 31 August 2023 6,400 6,400
6 Other information
Kynaston Court Residents Association Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Kynaston Court
Underwood Road
Caterham
Surrey
CR3 6BB
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