Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-315falsefalsetrue2023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.5 00925510 2023-01-01 2023-12-31 00925510 2023-12-31 00925510 2022-01-01 2022-12-31 00925510 2022-12-31 00925510 c:Director12 2023-01-01 2023-12-31 00925510 d:Buildings 2023-01-01 2023-12-31 00925510 d:Buildings 2023-12-31 00925510 d:Buildings 2022-12-31 00925510 d:CurrentFinancialInstruments 2023-12-31 00925510 d:CurrentFinancialInstruments 2022-12-31 00925510 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00925510 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00925510 d:RetainedEarningsAccumulatedLosses 2023-12-31 00925510 d:RetainedEarningsAccumulatedLosses 2022-12-31 00925510 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 00925510 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 00925510 c:FRS102 2023-01-01 2023-12-31 00925510 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00925510 c:FullAccounts 2023-01-01 2023-12-31 00925510 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 00925510 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 00925510


WOODSTOCK CLOSE RESIDENTS ASSOCIATION LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
WOODSTOCK CLOSE RESIDENTS ASSOCIATION LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 00925510

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
446
436

Cash at bank and in hand
 6 
5,625
11,196

  
6,071
11,632

Creditors: amounts falling due within one year
 7 
(1,569)
(448)

Net current assets
  
 
 
4,502
 
 
11,184

Total assets less current liabilities
  
4,503
11,185

  

Net assets
  
4,503
11,185

Page 1

 
WOODSTOCK CLOSE RESIDENTS ASSOCIATION LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 00925510
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Capital and reserves
  

Profit and loss account
  
4,503
11,185

  
4,503
11,185


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 July 2024.




Mr C Webster
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
WOODSTOCK CLOSE RESIDENTS ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Woodstock Close Residents Association Limited is a company limited by guarantee. The company is incorporated in England and Wales. The principal activity of the company is the management of common ground at Woodstock Close, Oxford.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
0%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
WOODSTOCK CLOSE RESIDENTS ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 4

 
WOODSTOCK CLOSE RESIDENTS ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Other fixed assets





Freehold property

£



Cost or valuation


At 1 January 2023
1



At 31 December 2023

1






Net book value



At 31 December 2023
1



At 31 December 2022
1

Page 5

 
WOODSTOCK CLOSE RESIDENTS ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Prepayments and accrued income
446
436

446
436



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
5,625
11,196

5,625
11,196



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,121
-

Accruals and deferred income
448
448

1,569
448



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
3,516
9,118




Financial assets measured at fair value through profit or loss comprise the balances at the bank at the year end.

Page 6

 
WOODSTOCK CLOSE RESIDENTS ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


9.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

 
Page 7