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REGISTERED NUMBER: 04354068 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Hilsea (Parsons Close) Residents
Company Limited

Hilsea (Parsons Close) Residents
Company Limited (Registered number: 04354068)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hilsea (Parsons Close) Residents
Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Jacqueline Mude
John William Edward Turner
Lynne Audrey Lawson





SECRETARIES: Peter Simon Dack
Martin Growse





REGISTERED OFFICE: 67 Osborne Road
Southsea
Hampshire
PO5 3LS





REGISTERED NUMBER: 04354068 (England and Wales)





ACCOUNTANTS: Ency SCA
Chartered Certified Accountants & Tax Advisers
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Hilsea (Parsons Close) Residents
Company Limited (Registered number: 04354068)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 106 106
TOTAL ASSETS LESS CURRENT LIABILITIES 106 106

CAPITAL AND RESERVES
Called up share capital 106 106
SHAREHOLDERS' FUNDS 106 106

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 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.

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 25 September 2024 and were signed on its behalf by:





John William Edward Turner - Director


Hilsea (Parsons Close) Residents
Company Limited (Registered number: 04354068)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hilsea (Parsons Close) Residents Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Accounting policy
In line with RICS (Royal Institute of Chartered Surveyors) guidance on accounting for service charge income, dormant accounts have been prepared for the financial period ending 31 March 2023.

As the service charge fund is held in trust for the contributors to the fund, it is not a part of the assets of the residents company and should not therefore be shown in the balance sheet. Equally, the income and expenditure relates to the fund and not to the residents company, therefore dormant accounts are applicable.

Income and expenditure into and out of the service charge fund for the accounting period is fully disclosed in the service charge accounts.

Hilsea (Parsons Close) Residents
Company Limited (Registered number: 04354068)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 106 106

5. ULTIMATE CONTROLLING PARTY

In the opinion of the directors the company does not have one ultimate controlling party.