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REGISTERED NUMBER: 02859690 (England and Wales)











Financial Statements

for the Year Ended 31st December 2023

for

LIMPSFIELD COURT RESIDENTS
ASSOCIATION LIMITED

LIMPSFIELD COURT RESIDENTS
ASSOCIATION LIMITED (REGISTERED NUMBER: 02859690)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIMPSFIELD COURT RESIDENTS
ASSOCIATION LIMITED

Company Information
for the year ended 31st December 2023







DIRECTORS: J B Williams
P Smith
M C Young



SECRETARY: D P Wheeler



REGISTERED OFFICE: Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ



REGISTERED NUMBER: 02859690 (England and Wales)



ACCOUNTANTS: Cheeld Wheeler & Co
Chartered Certified Accountants
Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ



BANKERS: NatWest Bank plc
Station Road
Redhill
Surrey
RH1 1QN

LIMPSFIELD COURT RESIDENTS
ASSOCIATION LIMITED (REGISTERED NUMBER: 02859690)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investments 5 4 4
5 5

CURRENT ASSETS
Debtors 6 4,157 2,807
Cash at bank 2,071 6,443
6,228 9,250
CREDITORS
Amounts falling due within one year 7 3,181 3,300
NET CURRENT ASSETS 3,047 5,950
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,052

5,955

CAPITAL AND RESERVES
Called up share capital 4 4
Major repairs reserve 8 - 3,000
Retained earnings 8 3,048 2,951
SHAREHOLDERS' FUNDS 3,052 5,955

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 profit or loss 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.

LIMPSFIELD COURT RESIDENTS
ASSOCIATION LIMITED (REGISTERED NUMBER: 02859690)

Balance Sheet - continued
31st December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income and Expenditure account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st August 2024 and were signed on its behalf by:





P Smith - Director


LIMPSFIELD COURT RESIDENTS
ASSOCIATION LIMITED (REGISTERED NUMBER: 02859690)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Limpsfield Court Residents Association Limited is a private company, limited by shares , 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.

Turnover
Members contributions are accounted for on the basis of monies due in respect of the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 138
DEPRECIATION
At 1st January 2023
and 31st December 2023 137
NET BOOK VALUE
At 31st December 2023 1
At 31st December 2022 1

LIMPSFIELD COURT RESIDENTS
ASSOCIATION LIMITED (REGISTERED NUMBER: 02859690)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2023
and 31st December 2023 4
NET BOOK VALUE
At 31st December 2023 4
At 31st December 2022 4

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,110 2,760
Prepayments 47 47
4,157 2,807

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Income in advance 2,400 2,400
Accrued expenses 781 900
3,181 3,300

8. RESERVES
Major
Retained repairs
earnings reserve Totals
£    £    £   

At 1st January 2023 2,951 3,000 5,951
Deficit for the year (2,903 ) (2,903 )
Transfer 3,000 (3,000 ) -
At 31st December 2023 3,048 - 3,048

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Each director is required to make annual contributions to the company in order to cover the anticipated costs of operating the company. These contributions amounted to £600 (2022 - £600) for each director.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the three directors who are also shareholders of the company.