Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31false2022-10-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02501714 2022-10-01 2023-03-31 02501714 2021-10-01 2022-09-30 02501714 2023-03-31 02501714 2022-09-30 02501714 c:Director1 2022-10-01 2023-03-31 02501714 d:Buildings 2022-10-01 2023-03-31 02501714 d:Buildings 2023-03-31 02501714 d:Buildings 2022-09-30 02501714 d:Buildings d:OwnedOrFreeholdAssets 2022-10-01 2023-03-31 02501714 d:CurrentFinancialInstruments 2023-03-31 02501714 d:CurrentFinancialInstruments 2022-09-30 02501714 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02501714 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 02501714 d:ShareCapital 2023-03-31 02501714 d:ShareCapital 2022-09-30 02501714 d:RetainedEarningsAccumulatedLosses 2023-03-31 02501714 d:RetainedEarningsAccumulatedLosses 2022-09-30 02501714 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 02501714 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-09-30 02501714 c:FRS102 2022-10-01 2023-03-31 02501714 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-03-31 02501714 c:FullAccounts 2022-10-01 2023-03-31 02501714 c:PrivateLimitedCompanyLtd 2022-10-01 2023-03-31 02501714 2 2022-10-01 2023-03-31 02501714 e:PoundSterling 2022-10-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 02501714









SWANSIDE RESIDENTS ASSOCIATION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
SWANSIDE RESIDENTS ASSOCIATION LIMITED


BALANCE SHEET
AS AT 31 MARCH 2023

31 March
30 September
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,652
1,717

  
1,652
1,717

Current assets
  

Debtors: amounts falling due within one year
 5 
21,870
22,795

Cash at bank and in hand
 6 
261,770
286,116

  
283,640
308,911

Creditors: amounts falling due within one year
 7 
(16,132)
(15,345)

Net current assets
  
 
 
267,508
 
 
293,566

Total assets less current liabilities
  
269,160
295,283

  

Net assets
  
269,160
295,283

Page 1

 
SWANSIDE RESIDENTS ASSOCIATION LIMITED

    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

31 March
30 September
2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
13
13

Profit and loss account
  
269,147
295,270

  
269,160
295,283


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 December 2023.




................................................
Mr S Grey
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SWANSIDE RESIDENTS ASSOCIATION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Swanside Residents Association Limited is a private limited company limited by shares. The Company is incorporated in England and Wales, company number 02501714, and the registered office is located at 204 Northfield Avenue, London W13 9SJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
SWANSIDE RESIDENTS ASSOCIATION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

6 months ended
31 March
12 months ended
30 September
2023
2022
£
£

Wages and salaries
10,200
22,170

Social security costs
1,343
-

11,543
22,170


The average monthly number of employees, including directors, during the period was 3 (2022 - 3).

Page 4

 
SWANSIDE RESIDENTS ASSOCIATION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Tangible fixed assets







Freehold property

£



Cost or valuation


At 1 October 2022
3,240



At 31 March 2023

3,240



Depreciation


At 1 October 2022
1,523


Charge for the period on owned assets
65



At 31 March 2023

1,588



Net book value



At 31 March 2023
1,652



At 30 September 2022
1,717


5.


Debtors

31 March
30 September
2023
2022
£
£


Trade debtors
1,762
2,010

Other debtors
17,267
18,283

Prepayments and accrued income
2,841
2,502

21,870
22,795


Page 5

 
SWANSIDE RESIDENTS ASSOCIATION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

6.


Cash and cash equivalents

31 March
30 September
2023
2022
£
£

Cash at bank and in hand
261,770
286,116

261,770
286,116



7.


Creditors: Amounts falling due within one year

31 March
30 September
2023
2022
£
£

Corporation tax
-
1

Other taxation and social security
2,812
644

Other creditors
7,105
6,760

Accruals and deferred income
6,215
7,940

16,132
15,345



8.


Financial instruments

31 March
30 September
2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
261,770
286,116



 
Page 6