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Registration number: 03740633

C.R.W. Residents' Association Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

C.R.W. Residents' Association Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

C.R.W. Residents' Association Limited

Company Information

Directors

S C Payne

S Cook

B Ince

L R Hraboweckyj

Registered office

3 Charles Road West
St. Leonards On Sea
East Sussex
TN38 0RT

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

C.R.W. Residents' Association Limited

(Registration number: 03740633)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,175

3,175

Current assets

 

Debtors

5

6,957

5,684

Cash at bank and in hand

 

9,230

13,949

 

16,187

19,633

Creditors: Amounts falling due within one year

6

(1,129)

(1,172)

Net current assets

 

15,058

18,461

Net assets

 

18,233

21,636

Capital and reserves

 

Called up share capital

7

7

Retained earnings

18,226

21,629

Shareholders' funds

 

18,233

21,636

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 11 June 2024 and signed on its behalf by:
 

.........................................
L R Hraboweckyj
Director

 

C.R.W. Residents' Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Charles Road West
St. Leonards On Sea
East Sussex
TN38 0RT

2

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for maintenance charges from the leaseholders.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

C.R.W. Residents' Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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 leaseholders for maintenance charges due in the ordinary course of business.

Trade debtors are recognised initially at the transaction price.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 5).

 

C.R.W. Residents' Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 February 2023

3,175

3,175

At 31 January 2024

3,175

3,175

Depreciation

Carrying amount

At 31 January 2024

3,175

3,175

At 31 January 2023

3,175

3,175

Included within the net book value of land and buildings above is £3,175 (2023 - £3,175) in respect of freehold land and buildings.
 

5

Debtors

2024
£

2023
£

Trade debtors

4,200

4,200

Prepayments

2,757

1,484

6,957

5,684

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

444

420

Other creditors

685

752

1,129

1,172