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COMPANY REGISTRATION NUMBER: 06156663
Lymore Mews Residents Association Limited
Filleted Unaudited Financial Statements
31 December 2023
Lymore Mews Residents Association Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Lymore Mews Residents Association Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current assets
Debtors
4
4,000
8,643
Cash at bank and in hand
2,796
20,073
-------
--------
6,796
28,716
Creditors: amounts falling due within one year
5
459
25,098
-------
--------
Net current assets
6,337
3,618
-------
-------
Total assets less current liabilities
6,337
3,618
-------
-------
Net assets
6,337
3,618
-------
-------
Capital and reserves
Called up share capital
6
6
Maintenance fund
1,331
1,612
Roof repair fund
5,000
2,000
-------
-------
Shareholders funds
6,337
3,618
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 August 2024 , and are signed on behalf of the board by:
Mr R White
Mr M Power
Director
Director
Company registration number: 06156663
Lymore Mews Residents Association Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Hillside, Bushey, Hertfordshire, WD23 2HB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Management charges receivable in the income and expenditure account represents service charges, ground rents and expenses recharges due for the year.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Debtors
2023
2022
£
£
Trade debtors
4,000
8,643
-------
-------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
459
25,098
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