Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
Sunbury Court Island Residents |
Association Limited |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
Sunbury Court Island Residents |
Association Limited |
Sunbury Court Island Residents |
Association Limited (Registered number: 07341461) |
Contents of the Financial Statements |
for the Year Ended 31 January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Sunbury Court Island Residents |
Association Limited |
Company Information |
for the Year Ended 31 January 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
8-10 South Street |
Epsom |
Surrey |
KT18 7PF |
Sunbury Court Island Residents |
Association Limited (Registered number: 07341461) |
Balance Sheet |
31 January 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank and in hand |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Retained earnings | 5 |
SHAREHOLDERS' FUNDS |
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 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. |
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 |
Sunbury Court Island Residents |
Association Limited (Registered number: 07341461) |
Notes to the Financial Statements |
for the Year Ended 31 January 2024 |
1. | STATUTORY INFORMATION |
Sunbury Court Island Residents Association Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Income represents standing maintenance charges and water usage charges collected from the residents on a quarterly basis. |
Taxation |
The company is liable for tax only on it's Non Mutual income, namely bank interest received. Given that corporation tax due is less than £100, HMRC do not require a corporation tax return to be submitted and no provision for tax has been made in the accounts. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 30 | 30 |
5. | RESERVES |
Retained |
earnings |
£ |
At 1 February 2023 |
Deficit for the year | ( |
) |
At 31 January 2024 |
The profit and loss reserves are held to meet future maintenance costs. |
Sunbury Court Island Residents |
Association Limited (Registered number: 07341461) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
6. | RELATED PARTY DISCLOSURES |
During the year D Welch (a company director who's appointed was terminated within the year) carried out works to various aspects of the Estate for charges totalling £6,048 (2023: £666).These works were paid for at normal market rates. |
7. | ULTIMATE CONTROLLING PARTY |
There is no ultimate controlling party. |