IRIS Accounts Production v24.2.0.383 08534620 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085346202023-03-31085346202024-03-31085346202023-04-012024-03-31085346202022-03-31085346202022-04-012023-03-31085346202023-03-3108534620ns15:EnglandWales2023-04-012024-03-3108534620ns14:PoundSterling2023-04-012024-03-3108534620ns10:Director12023-04-012024-03-3108534620ns10:CompanyLimitedByGuarantee2023-04-012024-03-3108534620ns10:SmallEntities2023-04-012024-03-3108534620ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3108534620ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108534620ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108534620ns10:FullAccounts2023-04-012024-03-3108534620ns10:Director22023-04-012024-03-3108534620ns10:RegisteredOffice2023-04-012024-03-3108534620ns5:CurrentFinancialInstruments2024-03-3108534620ns5:CurrentFinancialInstruments2023-03-3108534620ns5:RetainedEarningsAccumulatedLosses2024-03-3108534620ns5:RetainedEarningsAccumulatedLosses2023-03-3108534620ns5:PlantMachinery2023-04-012024-03-3108534620ns5:PlantMachinery2023-03-3108534620ns5:PlantMachinery2024-03-3108534620ns5:PlantMachinery2023-03-31
REGISTERED NUMBER: 08534620 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

CIRCUS AREA RESIDENTS ASSOCIATION
LIMITED

CIRCUS AREA RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 08534620)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


CIRCUS AREA RESIDENTS ASSOCIATION
LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: M T Richardson
M Baldwin





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 08534620 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Circus Area Residents Association
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Circus Area Residents Association Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Circus Area Residents Association Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Circus Area Residents Association Limited and state those matters that we have agreed to state to the Board of Directors of Circus Area Residents Association Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Circus Area 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 Circus Area Residents Association Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Circus Area Residents Association Limited. You consider that Circus Area 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 financial statements of Circus Area 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 financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


6 September 2024

CIRCUS AREA RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 08534620)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Cash at bank 19,161 20,654

CREDITORS
Amounts falling due within one year 5 120 391
NET CURRENT ASSETS 19,041 20,263
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,041

20,263

RESERVES
Income and expenditure account 19,041 20,263
19,041 20,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 surplus or deficit 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 5 September 2024 and were signed on its behalf by:





M Baldwin - Director


CIRCUS AREA RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 08534620)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Circus Area 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office Equipment - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an assets carrying amount and the present value of estimated cash flows discounted at the assets original effective interest rate determined under the contract.


For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CIRCUS AREA RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 08534620)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 1 April 2023
and 31 March 2024 174
DEPRECIATION
At 1 April 2023
and 31 March 2024 174
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 271
Other creditors 120 120
120 391

6. COMPANY LIMITED BY GUARANTEE

The company is limited by £1 guarantee given by each of its members.