Landpride Resident Association Limited
Unaudited Financial Statements
For the year ended 31 March 2024
Pages for Filing with Registrar
Company Registration No. 01650655 (England and Wales)
Landpride Resident Association Limited
Company Information
Directors
A. Taylor
H. Owen-Reece
Secretary
A. Taylor
Company number
01650655
Registered office
7 Clarendon Gardens
London
W9 1AY
Accountants
Moore Kingston Smith LLP
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Landpride Resident Association Limited
Balance Sheet
As at 31 March 2024
31 March 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
1,032
1,246
Creditors: amounts falling due within one year
4
(1,029)
(1,243)
Net current assets
3
3
Capital and reserves
Called up share capital
5
3
3
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered 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 3 September 2024 and are signed on its behalf by:
A. Taylor
Director
Company Registration No. 01650655
Landpride Resident Association Limited
Notes to the Financial Statements
For the year ended 31 March 2024
Page 2
1
Accounting policies
Company information
Landpride Resident Association Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Clarendon Gardens, London, W9 1AY.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents reimbursement of the management expenses of the property by the occupiers.
1.3
Financial instruments
The company only has financial instruments classified as basic and measured at amortised cost. The company has no financial instruments classified as 'other' or financial instruments measured at fair value.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.5
Fixed assets
The company holds the lease of 7 Clarendon Gardens, London W9 for a period of 125 years expiring 24 June 2107. The full cost of the lease was met by payments by the occupiers.
2
Employees
There were no employees during the current and prior year.
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
1,032
1,246
Landpride Resident Association Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 3
4
Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,029
1,243
5
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
3
3
6
Control
Each director is a lessee and as such pays service charges, at arm's length, to meet the various expenses of the company from time to time. No remuneration was paid to any director during the year. The controlling party is A.Taylor by virtue of her shareholdings in the company.