Registered number
01364494
Gainsborough Residents' Association Limited
Filleted Accounts
31 December 2023
Gainsborough Residents' Association Limited
Registered number: 01364494
Statement of Financial Position
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5 5
Current assets
Debtors 4 1,681 5,959
Cash at bank and in hand 22,590 29,507
24,271 35,466
Creditors: amounts falling due within one year 5 (1,375) (1,628)
Net current assets 22,896 33,838
Net assets 22,901 33,843
Capital and reserves
Called up share capital 67 67
Surplus of funds 22,834 33,776
Shareholders' funds 22,901 33,843
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 J Scurr
Director
Approved by the board on 26 June 2024
Gainsborough Residents' Association Limited
Notes to the Financial Statements
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The financial statements 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover includes income derived by recovering from members the company's outlay with the levy currently being collected in arrears
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
The company is non-profit making with company costs being met by the contributions from members with the objective of achieving neither a surplus or a deficit and no tax liability is recognised for the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 5
At 31 December 2023 5
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 5
At 31 December 2022 5
4 Debtors 2023 2022
£ £
Other debtors 1,681 5,959
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 1,375 1,628
6 Other information
Gainsborough Residents' Association Limited is a private company limited by shares and incorporated in England. Its registered office is:
25 Temple Road
Richmond
Surrey
TW9 2EB
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