IRIS Accounts Production v24.2.0.383 02502690 Board of Directors 1.1.23 31.12.23 31.12.23 The principal activity of the company in the year under review was that of residents property management 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh025026902022-12-31025026902023-12-31025026902023-01-012023-12-31025026902021-12-31025026902022-01-012022-12-31025026902022-12-3102502690ns15:EnglandWales2023-01-012023-12-3102502690ns14:PoundSterling2023-01-012023-12-3102502690ns10:Director12023-01-012023-12-3102502690ns10:CompanyLimitedByGuarantee2023-01-012023-12-3102502690ns10:SmallEntities2023-01-012023-12-3102502690ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3102502690ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3102502690ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102502690ns10:FullAccounts2023-01-012023-12-3102502690ns10:Director22023-01-012023-12-3102502690ns10:CompanySecretary12023-01-012023-12-3102502690ns10:RegisteredOffice2023-01-012023-12-3102502690ns5:CurrentFinancialInstruments2023-12-3102502690ns5:CurrentFinancialInstruments2022-12-3102502690ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3102502690ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3102502690ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3102502690ns5:RetainedEarningsAccumulatedLosses2023-12-31
REGISTERED NUMBER: 02502690 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

SOMERVILLE COURT RESIDENTS ASSOCIATION
LIMITED

SOMERVILLE COURT RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 02502690)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


SOMERVILLE COURT RESIDENTS ASSOCIATION
LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTORS: A C Robinson
J Stapleton





SECRETARY: J Stapleton





REGISTERED OFFICE: 9 Pioneer Court
Morton Palms
Darlington
Co. Durham
DL1 4WD





REGISTERED NUMBER: 02502690 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

SOMERVILLE COURT RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 02502690)

REPORT OF THE DIRECTORS
for the Year Ended 31st December 2023

The directors present their report with the financial statements of the company for the year ended 31st December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2023 to the date of this report.

A C Robinson
J Stapleton

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J Stapleton - Director


6th August 2024

SOMERVILLE COURT RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 02502690)

INCOME STATEMENT
for the Year Ended 31st December 2023

31/12/23 31/12/22
£    £   

INCOME 8,400 8,112

Service charge expenditure 7,790 8,705
OPERATING SURPLUS/(DEFICIT) 610 (593 )

Interest receivable and similar income 46 2
SURPLUS/(DEFICIT) BEFORE
TAXATION

656

(591

)

Tax on surplus/(deficit) - -
SURPLUS/(DEFICIT) FOR THE
FINANCIAL YEAR

656

(591

)

SOMERVILLE COURT RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 02502690)

BALANCE SHEET
31st December 2023

31/12/23 31/12/22
Notes £    £   
CURRENT ASSETS
Stocks 4 60 48
Debtors 5 3,698 7,255
3,758 7,303
CREDITORS
Amounts falling due within one year 6 3,758 7,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-

RESERVES
- -

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 6th August 2024 and were signed on its behalf by:





J Stapleton - Director


SOMERVILLE COURT RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 02502690)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Somerville Court Residents Association Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
Income comprises Service Charge contributions and Ground Rents receivable, together with associated income.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as income in respect of long term contracts is ascertained by reference to the value of the work carried out to date. Attributable surplus is recognised as the difference between recorded income and related costs.

Presentation of the income statement
The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company accounts in order to provide more information to lessees and other parties who may be interested in the expenditure incurred in the management of the property. Within the Balance Sheet on page 4, the Reserve Funds are held to the credit of the lessees and included within creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. STOCKS
31/12/23 31/12/22
£    £   

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Other debtors - 450
Bank accounts held 2,075 5,387
Service charge deficit 120 776
Prepayments 1,503 642
3,698 7,255

SOMERVILLE COURT RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 02502690)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 248 305
Reserve fund 2,944 6,466
Accrued expenses and deferred 566 532
3,758 7,303

7. RESERVES
Income
and
expenditure
account
£   

Surplus for the year 656
Transfer to Service Charge
Account

(656

)

At 31st December 2023 -