Company registration number 01004148 (England and Wales)
OAKCROFT & BEECHCROFT COURTS RESIDENTS ASSOCIATION
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
OAKCROFT & BEECHCROFT COURTS RESIDENTS ASSOCIATION
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
OAKCROFT & BEECHCROFT COURTS RESIDENTS ASSOCIATION
BALANCE SHEET
AS AT 30 APRIL 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
13,475
11,209
Cash at bank and in hand
24,214
61,149
37,689
72,358
Creditors: amounts falling due within one year
4
(11,043)
(6,956)
Net current assets
26,646
65,402
Capital and reserves
Called up share capital
130
129
Profit and loss reserves
26,516
65,273
Total equity
26,646
65,402
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered 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 26 February 2024 and are signed on its behalf by:
Mr L Roeder
Director
Company registration number 01004148 (England and Wales)
OAKCROFT & BEECHCROFT COURTS RESIDENTS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 2 -
1
Accounting policies
Company information
Oakcroft & Beechcroft Courts Residents Association is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 4 Tabernacle Street, London, EC2A 4LU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
Turnover comprises income recognised by the association in respect of service charges receivable during the year.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
1.4
Taxation
The tax expense represents the sum of the tax currently payable.
2
Employees
2023
2022
Number
Number
Total
OAKCROFT & BEECHCROFT COURTS RESIDENTS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 3 -
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
13,475
11,209
4
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
54
46
Other creditors
10,989
6,910
11,043
6,956