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REGISTERED NUMBER: 02088868 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Priory (Cheltenham) Residents'
Association Limited (The)

Priory (Cheltenham) Residents'
Association Limited (The) (Registered number: 02088868)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Priory (Cheltenham) Residents'
Association Limited (The)

Company Information
for the Year Ended 31 March 2024







DIRECTOR: K A Lane





REGISTERED OFFICE: The Priory
56 Lansdown Road
Cheltenham
Gloucestershire
GL51 6QB





REGISTERED NUMBER: 02088868 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

Priory (Cheltenham) Residents'
Association Limited (The) (Registered number: 02088868)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 560 600

CURRENT ASSETS
Debtors 5 1,440 1,383
Cash at bank 11,005 9,566
12,445 10,949
CREDITORS
Amounts falling due within one year 6 473 340
NET CURRENT ASSETS 11,972 10,609
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,532

11,209

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 12,526 11,203
12,532 11,209

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 director acknowledges his 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 profit or loss 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 director and authorised for issue on 16 August 2024 and were signed by:





K A Lane - Director


Priory (Cheltenham) Residents'
Association Limited (The) (Registered number: 02088868)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Priory (Cheltenham) Residents' Association Limited (The) is a private company, limited by shares , 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 represents contributions due for the period from residents to cover property and management expenses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
Cost
At 1 April 2023
and 31 March 2024 2,000
Depreciation
At 1 April 2023 1,400
Charge for year 40
At 31 March 2024 1,440
Net book value
At 31 March 2024 560
At 31 March 2023 600

Priory (Cheltenham) Residents'
Association Limited (The) (Registered number: 02088868)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 1,440 1,383

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 133 -
Other creditors 340 340
473 340