Sea Estate Residents Association Limited 05189069 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is maintaining the roads, verges, trees, gates and notices of the Sea Estate, Rustington, collection of estate maintenance charges in connection therewith and inspection of plans of proposed building and driveway constructions to ensure they conform to the Digita Accounts Production Advanced 6.30.9574.0 true true 05189069 2023-04-01 2024-03-31 05189069 2024-03-31 05189069 core:RetainedEarningsAccumulatedLosses 2024-03-31 05189069 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05189069 bus:SmallEntities 2023-04-01 2024-03-31 05189069 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05189069 bus:FilletedAccounts 2023-04-01 2024-03-31 05189069 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05189069 bus:RegisteredOffice 2023-04-01 2024-03-31 05189069 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 05189069 bus:Director1 2023-04-01 2024-03-31 05189069 bus:Director10 2023-04-01 2024-03-31 05189069 bus:Director12 2023-04-01 2024-03-31 05189069 bus:Director13 2023-04-01 2024-03-31 05189069 bus:Director14 2023-04-01 2024-03-31 05189069 bus:Director15 2023-04-01 2024-03-31 05189069 bus:Director16 2023-04-01 2024-03-31 05189069 bus:Director17 2023-04-01 2024-03-31 05189069 bus:Director18 2023-04-01 2024-03-31 05189069 bus:Director2 2023-04-01 2024-03-31 05189069 bus:Director4 2023-04-01 2024-03-31 05189069 bus:Director5 2023-04-01 2024-03-31 05189069 bus:Director6 2023-04-01 2024-03-31 05189069 bus:Director8 2023-04-01 2024-03-31 05189069 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 05189069 countries:England 2023-04-01 2024-03-31 05189069 2022-04-01 2023-03-31 05189069 2023-03-31 05189069 core:RetainedEarningsAccumulatedLosses 2023-03-31 05189069 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 05189069

Sea Estate Residents Association Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

image-name
 

Sea Estate Residents Association Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Sea Estate Residents Association Limited

Company Information

Directors

Mr J P Boardman

Mrs A E Donaldson

Mrs C A Marshall

Mr K B Funnell

Mrs C A Yates

Mrs P E Haywood

Mr D P Holder

Mr D E Rogers

Mrs P W Everett

Miss B M Korman

Mr A Rixon

Ms K B Stafford

Mr C J Doidge

Mr J E Hynam

Mr J Abbott

Company secretary

Mrs C A Marshall

Registered office

55-57 Sea Lane
Rustington
Littlehampton
West Sussex
BN16 2RQ

Accountants

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
West Sussex
BN16 3BZ

 

Sea Estate Residents Association Limited

(Registration number: 05189069)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

379

379

Cash at bank and in hand

 

119,907

147,763

 

120,286

148,142

Creditors: Amounts falling due within one year

5

(42,976)

(38,145)

Net assets

 

77,310

109,997

Capital and reserves

 

Profit and loss account

77,310

109,997

Shareholders' funds

 

77,310

109,997

For the financial year ending 31 March 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income and expenditure.

Approved and authorised by the Board on 8 July 2024 and signed on its behalf by:
 

.........................................
Mr J P Boardman
Director

.........................................
Mrs C A Marshall
Company secretary and director

.........................................
Mr C J Doidge
Director

     
 

Sea Estate Residents Association Limited

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

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
55-57 Sea Lane
Rustington
Littlehampton
West Sussex
BN16 2RQ
England

These financial statements were authorised for issue by the Board on 8 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling, which is also the company's functional currency. The financial statements are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue is recognise to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

Revenue from Subscriptions which relate to a later accounting period are deferred and recognised in the appropriate accounting period.

Interest income is recognised when credited to the bank account.

 

Sea Estate Residents Association Limited

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

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2023 - 15).

4

Debtors

Current

2024
£

2023
£

Prepayments

379

379

 

379

379

 

Sea Estate Residents Association Limited

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

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,678

1,430

Accruals and deferred income

25,298

22,715

Other creditors

16,000

14,000

42,976

38,145