Company registration number 01163758 (England and Wales)
PERTH HOUSE RESIDENTS' ASSOCIATION LIMITED
LIMITED BY GUARANTEE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PERTH HOUSE RESIDENTS' ASSOCIATION LIMITED
LIMITED BY GUARANTEE
COMPANY INFORMATION
Directors
Mr B G May
Mrs D Curwood
R Millbourne
(Appointed 27 July 2023)
Secretary
Stride & Son Limited
Company number
01163758
Registered office
Southdown House
St John‘s Street
Chichester
West Sussex
PO19 1XQ
Accountants
Jones Avens Limited
Piper House
4 Dukes Court
Bognor Road
Chichester
West Sussex
PO19 8FX
PERTH HOUSE RESIDENTS' ASSOCIATION LIMITED
LIMITED BY GUARANTEE
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3
PERTH HOUSE RESIDENTS' ASSOCIATION LIMITED
LIMITED BY GUARANTEE
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 1 -
The directors present their annual report and financial statements for the year ended 30 September 2023.
Principal activities
The company is a non-profit making organisation formed to manage three blocks of flats known as Perth House, Adelaide House and Brisbane House situated at The Fairway, Midhurst, West Sussex. Service charges are received as agents of the statutory trust for residents of the flats.
The company has no income or expenditure in its own right, all transactions in the year related to the maintenance of the common parts in accordance with the lease. Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mr B G May
Mrs D Hughes
(Resigned 28 October 2022)
Mrs D Curwood
R Millbourne
(Appointed 27 July 2023)
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mrs D Curwood
Director
7 March 2024
PERTH HOUSE RESIDENTS' ASSOCIATION LIMITED
LIMITED BY GUARANTEE
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 2 -
2023
2022
£
£
£
£
Net assets
Members' funds
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 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 7 March 2024 and are signed on its behalf by:
Mrs D Curwood
Director
Company Registration No. 01163758
PERTH HOUSE RESIDENTS' ASSOCIATION LIMITED
LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
1
Accounting policies
Company information
Perth House Residents' Association Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Southdown House, St John‘s Street, Chichester, West Sussex, PO19 1XQ.
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
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Contractual commitments
The company contracts with third parties in its own name for the supply of services to the property for maintenance of the common parts in accordance with the terms of the leases. At 30 September 2023 the company had not entered into any non-cancellable contractual commitments (2022: none).
2
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.