Registered number
02421922
27 CASTLETOWN ROAD TENANTS ASSOCIATION LIMITED
Unaudited Filleted Accounts
31 March 2024
27 CASTLETOWN ROAD TENANTS ASSOCIATION LIMITED
Company Information
Directors
Ms N Erikssen
Mr R Hallett
Ms N Jefferies
Mr J Moghisi
Mrs J Shepherd
Accountants
Key Business Consultants LLP
13 Whitchurch Lane
Edgware
HA8 6JZ
Bankers
National Westminster Bank plc
Registered office
13 Whitchurch Lane
Edgware
HA8 6JZ
Registered number
02421922
27 CASTLETOWN ROAD TENANTS ASSOCIATION LIMITED
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of 27 CASTLETOWN ROAD TENANTS ASSOCIATION LIMITED for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 27 CASTLETOWN ROAD TENANTS ASSOCIATION LIMITED for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Key Business Consultants LLP
Chartered Accountants
13 Whitchurch Lane
Edgware
HA8 6JZ
30 July 2024
27 CASTLETOWN ROAD TENANTS ASSOCIATION LIMITED
Registered number: 02421922
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 48,490 48,490
Current assets
Debtors 4 1,934 -
Cash at bank and in hand 1,620 2,835
3,554 2,835
Creditors: amounts falling due within one year 5 (576) (576)
Net current assets 2,978 2,259
Total assets less current liabilities 51,468 50,749
Provisions for liabilities (7,518) (7,518)
Net assets 43,950 43,231
Capital and reserves
Called up share capital 5 5
Revaluation reserve 6 44,124 44,124
Profit and loss account (179) (898)
Shareholders' funds 43,950 43,231
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms N Erikssen
Director
Approved by the board on 30 July 2024
27 CASTLETOWN ROAD TENANTS ASSOCIATION LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). These accounts have been prepared under the going concern basis due to the shareholder's continued financial support.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

Freehold property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
0
£
Cost
At 1 April 2023 48,490
At 31 March 2024 48,490
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 48,490
At 31 March 2023 48,490
4 Debtors 2024 2023
£ £
Other debtors 1,934 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 576 576
6 Revaluation reserve 2024 2023
£ £
At 1 April 2023 44,124 44,124
At 31 March 2024 44,124 44,124
7 Controlling party
All the directors hold significant influence and control over the company.
8 Other information
27 CASTLETOWN ROAD TENANTS ASSOCIATION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
13 Whitchurch Lane
Edgware
HA8 6JZ
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