Registered number
01631797
Banners Court Residents Association Limited
Report and Accounts
31 March 2024
Collins
Chartered Accountants
West Midlands
Banners Court Residents Association Limited
Registered number: 01631797
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £ £ £
Tangible assets 3 13,518 13,518
Current assets
Debtors 4 2,432 2,201
Cash at bank and in hand 59,291 97,185
61,723 99,386
Creditors: amounts falling due within one year 5 (22,517) (18,709)
Net current assets 39,206 80,677
Net assets 52,724 94,195
Capital and reserves
Called up share capital 6 30 30
Share premium 7 14,970 14,970
Contingency fund 6 14,014 68,185
General reserve 8 23,710 11,010
Shareholders' funds 52,724 94,195
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C L Newton
Director
Approved by the board on 1 August 2024
Banners Court Residents Association Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Tangible fixed assets
Tangible fixed assets are measured at cost less any accumulative impairment losses
Freehold buildings No Depreciation
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 13,518
At 31 March 2024 13,518
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 13,518
At 31 March 2023 13,518
4 Debtors 2024 2023
£ £
Prepayments 2,304 2,073
Other debtors 128 128
2,432 2,201
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,618 1,224
Deferred income 20,899 17,485
22,517 18,709
6 Contingency Fund 2024 2023
£ £
At 1 April 2023 68,185 78,290
Exceptional expenditure - Repairs (54,171) (10,105)
At 31 March 2024 14,014 68,185
7 Share Capital Nominal 2024 2023
value Number £ £
Allotted,called up and fully paid: £1 each 30 30 30
Ordinary shares
30 30
8 Share premium 2024 2023
£ £
At 1 April 2023 14,970 14,970
At 31 March 2024 14,970 14,970
9 General reserve 2024
£
At 1 April 11,010
Surplus for the year 12,700
Transfer to contingency reserve fund -
23,710
10 Other information
Banners Court Residents Association Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Lodge,Chester Road
Castle Bromwich
Birmingham
West Midlands
B36 9DE
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