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REGISTERED NUMBER: 00607911 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WESTCOMBE RESIDENTS ASSOCIATION LIMITED

WESTCOMBE RESIDENTS ASSOCIATION LIMITED (REGISTERED NUMBER: 00607911)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


WESTCOMBE RESIDENTS ASSOCIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr M Delplanque
Mr D Tripepi-Lewis
Ms D Renyard
Ms A Whiteoak
Ms E Maskey
Mr L Baskerville





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





BUSINESS ADDRESS: c/o Graves Son & Pilcher LLP
51 Old Steyne
Brighton
East Susssex
BN1 1HU





REGISTERED NUMBER: 00607911 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

WESTCOMBE RESIDENTS ASSOCIATION LIMITED (REGISTERED NUMBER: 00607911)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27 34

CURRENT ASSETS
Debtors 5 13,242 9,134
Cash at bank 6 69,468 51,326
82,710 60,460
CREDITORS
Amounts falling due within one year 7 3,148 3,854
NET CURRENT ASSETS 79,562 56,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,589

56,640

RESERVES
Retained earnings 79,589 56,640
79,589 56,640

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2024 and were signed on its behalf by:





Mr D Tripepi-Lewis - Director


WESTCOMBE RESIDENTS ASSOCIATION LIMITED (REGISTERED NUMBER: 00607911)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Westcombe 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.

The presentation currency of the financial statements is the pound sterling (£).

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
Turnover is measured at the fair value of the consideration received or receivable and represents maintenance contributions demanded from the members of the company.

Maintenance contributions are recognised when demands are raised against the members of the company.

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 - 20% on reducing balance

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

As a flat management company the company is chargeable to income tax on its interest that it receives gross. No provision for taxation is currently made as HM Revenue & Customs are not currently collecting amounts due as the liability is miniscule.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expense.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

WESTCOMBE RESIDENTS ASSOCIATION LIMITED (REGISTERED NUMBER: 00607911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 1,582
DEPRECIATION
At 1 January 2023 1,548
Charge for year 7
At 31 December 2023 1,555
NET BOOK VALUE
At 31 December 2023 27
At 31 December 2022 34

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Maintenance contributions receivable 6,978 3,516
Other debtors 6,264 5,618
13,242 9,134

6. CASH AT BANK

The Bank account is a Graves Son & Pilcher Client Account re Westcombe. This is a Barclay's client money trust, interest-bearing account held at Barclays Corporate Banking, 90-92 High Street, Crawley RH10 1BP.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,323 -
Other creditors 1,825 3,854
3,148 3,854

8. LIMITED BY GUARANTEE

The company is limited by guarantee and consequently has no share capital. In the event of a winding up of the company the liability of each member is limited to £50.

9. ANNUAL DECLARATION

Graves Son & Pilcher LLP has received income, related income and other benefits in relation to the service charge for the property for the period of these accounts as follows:
- Payment for handling insurance activities £nil
- Payment for management fees £7,696.73
- Payment for fees for other services £1,400.00
- Surveying services provided by an associated company, Overill Associates Ltd. £nil