Registered number
00846439
ELMS COURT TENANT'S ASSOCIATION LIMITED
Unaudited Filleted Accounts
5 January 2024
ELMS COURT TENANT'S ASSOCIATION LIMITED
Registered number: 00846439
Balance Sheet
as at 5 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,250 8,250
Current assets
Debtors 4 60 60
Cash at bank and in hand 9,261 5,117
9,321 5,177
Creditors: amounts falling due within one year 5 (360) (360)
Net current assets 8,961 4,817
Net assets 17,211 13,067
Capital and reserves
Called up share capital 60 60
Revaluation reserve 6 8,250 8,250
Profit and loss account 8,901 4,757
Shareholders' funds 17,211 13,067
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.
A McNamara
Director
Approved by the board on 30 August 2024
ELMS COURT TENANT'S ASSOCIATION LIMITED
Notes to the Accounts
for the year ended 5 January 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 (as applied to small entities by section 1A of the standard).
Turnover
Operating income consists of Contributions from Leaseholders and all expenditure is recoverable from them, which results in neither profit or loss to the company.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not depreciated
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 6 January 2023 8,250
At 5 January 2024 8,250
Depreciation
At 5 January 2024 -
Net book value
At 5 January 2024 8,250
At 5 January 2023 8,250
4 Debtors 2024 2023
£ £
Trade debtors 60 60
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 360 360
6 Revaluation reserve 2024 2023
£ £
At 6 January 2023 8,250 8,250
At 5 January 2024 8,250 8,250
7 Controlling party
There is no controlling party.
8 Other information
ELMS COURT TENANT'S ASSOCIATION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Elms Court
54 Elms Road
London
SW9 9EN
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