Registered number
01145031
ASHCHURCH RESIDENTS COMPANY LIMITED
Unaudited Filleted Accounts
31 March 2024
ASHCHURCH RESIDENTS COMPANY LIMITED
Registered number: 01145031
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,826 5,826
Current assets
Debtors 4 1,300 -
Cash at bank and in hand 27,402 18,196
28,702 18,196
Creditors: amounts falling due within one year 5 (4,122) (583)
Net current assets 24,580 17,613
Net assets 30,406 23,439
Capital and reserves
Called up share capital 60 60
Profit and loss account 30,346 23,379
Shareholders' funds 30,406 23,439
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.
D Wright
Director
Approved by the board on 4 July 2024
ASHCHURCH RESIDENTS COMPANY 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).
Turnover
Turnover represents contributions from the association's owner and sundry income.
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, as follows:
Freehold buildings not depreciated
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 5,826
At 31 March 2024 5,826
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 5,826
At 31 March 2023 5,826
4 Debtors 2024 2023
£ £
Trade debtors 1,300 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,600 -
Other creditors 522 583
4,122 583
6 Controlling party
There is no controlling party.
7 Other information
ASHCHURCH RESIDENTS COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
2 Homesdale Road
Teddington
Middlesex
TW11 9LF
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