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REGISTERED NUMBER: 00953777 (England and Wales)

















BAXENDALE RESIDENTS ASSOCIATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BAXENDALE RESIDENTS ASSOCIATION LIMITED (REGISTERED NUMBER: 00953777)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


BAXENDALE RESIDENTS ASSOCIATION LIMITED (REGISTERED NUMBER: 00953777)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 7,492 5,944
Cash at bank 21,982 13,030
29,474 18,974
CREDITORS
Amounts falling due within one year 5 19,940 18,579
NET CURRENT ASSETS 9,534 395
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,534

395

CAPITAL AND RESERVES
Called up share capital 555 555
Capital redemption reserve 277 277
Income and expenditure account 8,702 (437 )
SHAREHOLDERS' FUNDS 9,534 395

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 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 surplus or deficit 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 Board of Directors and authorised for issue on 11 July 2024 and were signed on its behalf by:





R Bradman - Director


BAXENDALE RESIDENTS ASSOCIATION LIMITED (REGISTERED NUMBER: 00953777)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Baxendale Residents Association Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00953777

Registered office: Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG

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.

Going concern
Guarantors continue to financially support the company therefore the accounts have been prepared on a going concern basis.

Turnover
Turnover represents the amount of services provided and charged during the year.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Debtors 6,827 5,944
Other debtors 665 -
7,492 5,944

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 3,800 -
Trade creditors - 540
Creditors and accruals 16,140 18,039
19,940 18,579

6. CONTINGENT LIABILITIES

The company has a contingent liability in respect of major works required dredging the lake.

Based on quotes received to date the company estimates the cost of these works to be approximately £150,000.

At the balance sheet date the company has not entered into any contract for the performance of these works that are scheduled for year ended 31 March 2025.

BAXENDALE RESIDENTS ASSOCIATION LIMITED (REGISTERED NUMBER: 00953777)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. RELATED PARTY DISCLOSURES

A related party to the company is Baxendale Residents (Holdings) Ltd - a company which is owned by the same shareholders and managed by the same directors.

At the balance sheet date an amount of £12,285 (2023: £14,605) was due to the related party and is included in creditors and accruals as a loan. The loan, which is due on demand and interest free, has been made to provide Baxendale Residents Association Ltd with working capital on an on-going basis and its repayment would therefore require the company to obtain alternative funds.

Baxendale Residents Association Ltd collects the insurance premiums due to the related party from the householders of the Baxendale estate and deals with the payment of the premium and other expenses on its behalf. During the year a management charge of £700 (2023: £700) was made to the related party in respect of management and administration services provided.

The total value of the transactions dealt with in this way for the related party are receivables of £16,935 (2023: £19,320) and expenditure (inclusive of the management charge) of £19,255 (2023: £21,466).

Baxendale Residents (Holdings) Ltd has given an undertaking to Baxendale Residents Association Ltd to continue to provide support through the continuation of the loan account at its existing level for the foreseeable future.

The directors contribute maintenance charges on the same basis as other members of the company.