01080234falsemaintaining and servicing the properties comprising Hobart Place2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/cd:Director12023-07-012024-06-30http://www.companieshouse.gov.uk/cd:Director22023-07-012024-06-30http://www.companieshouse.gov.uk/cd:Director32023-07-012024-06-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-07-012024-06-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-06-30http://www.companieshouse.gov.uk/2022-07-012023-06-30http://www.companieshouse.gov.uk/2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/cd:FRS1022023-07-012024-06-30http://www.companieshouse.gov.uk/2024-06-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-07-012024-06-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-07-012024-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 01080234
THE HOBART PLACE RESIDENTS ASSOCIATION LIMITED
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2024
Prepared By:
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
THE HOBART PLACE RESIDENTS ASSOCIATION LIMITED
ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2024
DIRECTORS
D Sopal
S Shah
R Singh
REGISTERED OFFICE
The Old Fire Station
90 High Street
Harrow on the Hill
Middlesex
HA1 3LP
COMPANY DETAILS
Private company limited by guarantee registered in EW - England and Wales, registered number 01080234
ACCOUNTANTS
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
THE HOBART PLACE RESIDENTS ASSOCIATION LIMITED
ACCOUNTS
FOR THEYEARENDED30 JUNE 2024
CONTENTS
Page
Directors' Report3
Accountants' Report4
Statement Of Comprehensive Income5
Balance Sheet6
Notes To The Accounts7
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
THE HOBART PLACE RESIDENTS ASSOCIATION LIMITED
DIRECTORS' REPORT
FOR THEYEARENDED30 June 2024
The directors present their report and accounts for theyearended30 June 2024
DIRECTORS
The directors who served during theyearwere as follows:
D Sopal
S Shah
R Singh
STATEMENT OF DIRECTORS RESPONSIBILITIES
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulation.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements the directors are required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and accounting estimates that are reasonable and prudent;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the board on8 August 2024
S Shah
Director
THE HOBART PLACE RESIDENTS ASSOCIATION LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS
OF THE HOBART PLACE RESIDENTS ASSOCIATION LIMITED, FOR THE YEAR ENDED 30 JUNE 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Hobart Place Residents Association Limited for the year ended 30 June 2024 as set out on pages 5 to (1) from the company's accounting records and from information and explanations you have given us.
As a practising member of the Institute of Chartered Accountants in England & Wales, we are subject to its ethical and other professional requirements which are detailed on their website.
This report is made solely to the Board of Directors of The Hobart Place Residents Association Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Hobart Place Residents Association Limited and state those matters that we have agreed to state to the Board of Directors of The Hobart Place Residents Association Limited, as a body, in this report, in accordance with the requirements of the Institute of Chartered Accountants in England & Wales as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Hobart Place Residents Association Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The Hobart Place Residents Association Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of The Hobart Place Residents Association Limited. You consider that The Hobart Place Residents Association Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Hobart Place Residents Association Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
8 August 2024
THE HOBART PLACE RESIDENTS ASSOCIATION LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THEYEARENDED30 June 2024
Notes20242023
££
TURNOVER235,70028,800
GROSS PROFIT35,70028,800
Administrative expenses(34,282)(27,712)
OPERATING PROFIT1,4181,088
Interest receivable and similar income11656
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION1,5341,144
PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION1,5341,144
THE HOBART PLACE RESIDENTS ASSOCIATION LIMITED
BALANCE SHEET AT30 June 2024
Registered number: 01080234
20242023
Notes££
CURRENT ASSETS
Debtors410,95040,580
Cash at bank and in hand4,4304,159
15,38044,739
CREDITORS: Amounts falling due within one year53,06633,959
NET CURRENT ASSETS12,31410,780
TOTAL ASSETS LESS CURRENT LIABILITIES12,31410,780
CAPITAL AND RESERVES
Profit and loss account712,31410,780
SHAREHOLDERS' FUNDS12,31410,780
For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on8 August 2024and signed on their behalf by
.............................
S Shah
Director
THE HOBART PLACE RESIDENTS ASSOCIATION LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Turnover
Turnover represents the invoiced value of service and related charges rendered to property owners.
2. TURNOVER
The turnover and pre-tax result is attributable to maintaining and servicing the properties comprising Hobart Place.
20242023
££
Service charges30,00028,800
Lift levy5,700-
35,70028,800
3. EMPLOYEES
20242023
No.No.
Average number of employees/officers33
THE HOBART PLACE RESIDENTS ASSOCIATION LIMITED
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors93129,935
Prepayments10,01910,645
10,95040,580
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Trade creditors3122,611
Other creditors84230,126
Accruals1,9121,222
3,06633,959
6. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £50, to the company should it be wound up. At 30 June 2024 there were 12 members.
7. PROFIT AND LOSS RESERVE 20242023
££
Opening balance10,7809,636
Profit for the year1,5341,144
12,31410,780
THE HOBART PLACE RESIDENTS ASSOCIATION LIMITED
8. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS 20242023
££
Opening shareholders' funds10,7809,636
Profit for the year1,5341,144
Closing shareholders' funds12,31410,780
9. CONTROLLING PARTY
The company is controlled by the 12 guarantors.