Setler House Residents Association Limited 01523873 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the collection of ground and service rents in order to supply communal services for the benefit of the members. Digita Accounts Production Advanced 6.30.9574.0 true 01523873 2023-01-01 2023-12-31 01523873 2023-12-31 01523873 core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 01523873 core:RetainedEarningsAccumulatedLosses 2023-12-31 01523873 core:CurrentFinancialInstruments 2023-12-31 01523873 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01523873 bus:SmallEntities 2023-01-01 2023-12-31 01523873 bus:Audited 2023-01-01 2023-12-31 01523873 bus:FullAccounts 2023-01-01 2023-12-31 01523873 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01523873 bus:RegisteredOffice 2023-01-01 2023-12-31 01523873 bus:CompanySecretary1 2023-01-01 2023-12-31 01523873 bus:Director1 2023-01-01 2023-12-31 01523873 bus:Director2 2023-01-01 2023-12-31 01523873 bus:Director4 2023-01-01 2023-12-31 01523873 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 01523873 core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-01 2023-12-31 01523873 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 01523873 countries:AllCountries 2023-01-01 2023-12-31 01523873 2022-12-31 01523873 core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31 01523873 core:RetainedEarningsAccumulatedLosses 2022-12-31 01523873 2022-01-01 2022-12-31 01523873 2022-12-31 01523873 core:CurrentFinancialInstruments 2022-12-31 01523873 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 01523873 core:FurtherSpecificReserve1ComponentTotalEquity 2022-01-01 2022-12-31 01523873 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 01523873 2021-12-31 01523873 core:FurtherSpecificReserve1ComponentTotalEquity 2021-12-31 01523873 core:RetainedEarningsAccumulatedLosses 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 01523873

Setler House Residents Association Limited

(A company limited by guarantee)

Filleted Financial Statements

for the Year Ended 31 December 2023

 

Setler House Residents Association Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Financial Statements

4 to 5

 

Setler House Residents Association Limited

Company Information

Directors

Mr Shashank Kapoor

Mr Timothy Proffitt-White

Mr Geoffrey Charles King

Company secretary

Mr Robert Alan Walker Jackson

Registered office

Monument House
31-34 South Bar Street
Banbury
Oxfordshire
OX16 9AE

Auditors

Just Audit & Assurance Ltd
37 Market Square
Witney
Oxon
OX28 6RE

 

Setler House Residents Association Limited

(Registration number: 01523873)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

3

4,290

3,976

Cash at bank and in hand

 

25,157

38,889

 

29,447

42,865

Creditors: Amounts falling due within one year

4

(10,036)

(7,925)

Net assets

 

19,411

34,940

Reserves

 

Other reserves

12,120

6,300

Retained earnings

7,291

28,640

Surplus

 

19,411

34,940

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 June 2024 and signed on its behalf by:
 

.........................................
Mr Geoffrey Charles King
Director

 

Setler House Residents Association Limited

Statement of Changes in Equity for the Year Ended 31 December 2023

Other reserves
£

Retained earnings
£

Total
£

At 1 January 2023

6,300

28,640

34,940

Deficit for the year

-

(15,529)

(15,529)

Other comprehensive income

5,820

(5,820)

-

Total comprehensive income

5,820

(21,349)

(15,529)

At 31 December 2023

12,120

7,291

19,411

Other reserves
£

Retained earnings
£

Total
£

At 1 January 2022

6,300

15,037

21,337

Surplus for the year

-

13,603

13,603

At 31 December 2022

6,300

28,640

34,940

 

Setler House Residents Association Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements are prepared in accordance with a special purpose framework and as a result, the financial statements may not be suitable for another purpose

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 1 July 2024 was Jonathan Russell, who signed for and on behalf of Just Audit & Assurance Ltd.

.........................................

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year.
Turnover is derived wholly within the UK.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Setler House Residents Association Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

3

Debtors

Current

2023
£

2022
£

Trade debtors

420

1,029

Prepayments

3,870

2,947

 

4,290

3,976

4

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

35

1,440

Accruals and deferred income

10,001

6,485

10,036

7,925