Registration number:
Setler House Residents Association Limited
(A company limited by guarantee)
for the Year Ended 31 December 2023
Setler House Residents Association Limited
Contents
Company Information |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
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 |
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Auditors |
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Setler House Residents Association Limited
(Registration number: 01523873)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net assets |
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Reserves |
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Other reserves |
12,120 |
6,300 |
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Retained earnings |
7,291 |
28,640 |
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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
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Setler House Residents Association Limited
Statement of Changes in Equity for the Year Ended 31 December 2023
Other reserves |
Retained earnings |
Total |
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At 1 January 2023 |
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Deficit for the year |
- |
( |
( |
Other comprehensive income |
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( |
- |
Total comprehensive income |
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( |
( |
At 31 December 2023 |
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Other reserves |
Retained earnings |
Total |
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At 1 January 2022 |
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Surplus for the year |
- |
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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
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
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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
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
Current |
2023 |
2022 |
Trade debtors |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Trade creditors |
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Accruals and deferred income |
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