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REGISTERED NUMBER: 00953042 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

Downshill Residents Society Ltd

Downshill Residents Society Ltd (Registered number: 00953042)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Downshill Residents Society Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B V Tout
A J Kent
D L Morgan
J Richardson
N Baraheni





REGISTERED OFFICE: Downshill
Runfold
Farnham
Surrey
GU10 1JX





REGISTERED NUMBER: 00953042 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Downshill Residents Society Ltd (Registered number: 00953042)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Investment property 4 1 1

CURRENT ASSETS
Cash at bank 21,017 15,934

CREDITORS
Amounts falling due within one year 5 (20,968 ) (15,885 )
NET CURRENT ASSETS 49 49
TOTAL ASSETS LESS CURRENT
LIABILITIES

50

50

CAPITAL AND RESERVES
Called up share capital 50 50
SHAREHOLDERS' FUNDS 50 50

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 18 September 2024 and were signed on its behalf by:




A J Kent - Director



J Richardson - Director


Downshill Residents Society Ltd (Registered number: 00953042)

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

1. STATUTORY INFORMATION

Downshill Residents Society Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 1
Net book value
At 31 March 2024 1
At 31 March 2023 1

The investment property represents a freehold reversionary interest in Downshill, Runfold, Farnham, Surrey, GU10 1JX. This was vested in the company's name at £1. Due to the long leases and restrictions on selling the reversionary interest the directors have valued this at 31 March 2024 at £1.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other creditors 20,968 15,885

Other creditors represents amounts owed to tenants at the end of the year.