REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2023 |
for |
Chalfont Flats Residents' Association |
(Lingfield) Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2023 |
for |
Chalfont Flats Residents' Association |
(Lingfield) Limited |
Chalfont Flats Residents' Association |
(Lingfield) Limited (Registered number: 02404303) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Statement of Financial Position | 3 |
Notes to the Financial Statements | 4 | to | 5 |
Chalfont Flats Residents' Association |
(Lingfield) Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
5 West Court |
Enterprise Road |
Maidstone |
Kent |
ME15 6JD |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Chalfont Flats Residents' Association |
(Lingfield) Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chalfont Flats Residents' Association (Lingfield) Limited for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Chalfont Flats Residents' Association (Lingfield) Limited, as a body, in accordance with the terms of our engagement letter dated 9 September 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Chalfont Flats Residents' Association (Lingfield) Limited and state those matters that we have agreed to state to the Board of Directors of Chalfont Flats Residents' Association (Lingfield) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chalfont Flats Residents' Association (Lingfield) Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Chalfont Flats Residents' Association (Lingfield) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chalfont Flats Residents' Association (Lingfield) Limited. You consider that Chalfont Flats Residents' Association (Lingfield) Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Chalfont Flats Residents' Association (Lingfield) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
5 West Court |
Enterprise Road |
Maidstone |
Kent |
ME15 6JD |
Chalfont Flats Residents' Association |
(Lingfield) Limited (Registered number: 02404303) |
Statement of Financial Position |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
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. |
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 |
Chalfont Flats Residents' Association |
(Lingfield) Limited (Registered number: 02404303) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Chalfont Flats Residents' Association (Lingfield) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, net of any discounts and value added taxes. Turnover includes rental and service charge income. |
Turnover in respect of rental and service charge income is recognised in the period which it relates to. |
Depreciation |
No depreciation is provided on the freehold property as the property is fully maintained with an economic life and residual value such that any depreciation would be immaterial. |
Taxation |
The company is exempt from the liability to pay corporation tax. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Accruals and deferred income |
Chalfont Flats Residents' Association |
(Lingfield) Limited (Registered number: 02404303) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
7. | SHARE CAPITAL |
The company does not have any share capital. The company is limited by guarantee of the members to a maximum of £1 each. |