Registered number
03226316
Charnwood House Residents Association (Salisbury) Limited
Filleted Accounts
31 July 2023
Charnwood House Residents Association (Salisbury) Limited
Registered number: 03226316
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 2,548 833
Cash at bank and in hand 8,441 8,352
10,989 9,185
Creditors: amounts falling due within one year 4 (228) (210)
Net current assets 10,761 8,975
Net assets 10,761 8,975
Capital and reserves
Called up share capital 90 90
Profit and loss account 10,671 8,885
Shareholders' funds 10,761 8,975
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.
Caroline Cooper
Director
Approved by the board on 19 February 2024
Charnwood House Residents Association (Salisbury) Limited
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).
For the period prior to this all transactions were included within the managing agents service charge account for the property and the company was dormant.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Debtors 2023 2022
£ £
Service charge debtors 150 -
Other debtors 2,398 833
2,548 833
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 228 210
5 Other information
Charnwood House Residents Association (Salisbury) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Charnwood House
Charnwood Road
Salisbury
Wiltshire
SP2 7HT
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