0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,566 1,566 1,566 xbrli:pure xbrli:shares iso4217:GBP 01085187 2023-10-01 2024-09-30 01085187 2024-09-30 01085187 2023-09-30 01085187 2022-10-01 2023-09-30 01085187 2023-09-30 01085187 2022-09-30 01085187 bus:Director1 2023-10-01 2024-09-30 01085187 core:WithinOneYear 2024-09-30 01085187 core:WithinOneYear 2023-09-30 01085187 core:ShareCapital 2024-09-30 01085187 core:ShareCapital 2023-09-30 01085187 core:OtherReservesSubtotal 2023-09-30 01085187 core:RetainedEarningsAccumulatedLosses 2024-09-30 01085187 core:LandBuildings 2024-09-30 01085187 core:LandBuildings 2023-09-30 01085187 bus:SmallEntities 2023-10-01 2024-09-30 01085187 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 01085187 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01085187 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01085187 bus:FullAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 01085187
Sherwood Court (Chilwell) Residents Co. Limited
Filleted Unaudited Financial Statements
30 September 2024
Sherwood Court (Chilwell) Residents Co. Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
1,566
1,566
Current assets
Debtors
5
3,688
2,893
Cash at bank and in hand
826
3,075
-------
-------
4,514
5,968
Creditors: amounts falling due within one year
6
9,421
4,374
-------
-------
Net current (liabilities)/assets
( 4,907)
1,594
-------
-------
Total assets less current liabilities
( 3,341)
3,160
-------
-------
Net (liabilities)/assets
( 3,341)
3,160
-------
-------
Capital and reserves
Called up share capital
20
20
Other reserves
3,140
Profit and loss account
( 3,361)
-------
-------
Shareholders (deficit)/funds
( 3,341)
3,160
-------
-------
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 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Sherwood Court (Chilwell) Residents Co. Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 25 October 2024 , and are signed on behalf of the board by:
Ms B Swain
Director
Company registration number: 01085187
Sherwood Court (Chilwell) Residents Co. Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Land
£
Cost
At 1 October 2023 and 30 September 2024
1,566
-------
Depreciation
At 1 October 2023 and 30 September 2024
-------
Carrying amount
At 30 September 2024
1,566
-------
At 30 September 2023
1,566
-------
5. Debtors
2024
2023
£
£
Trade debtors
3,494
2,766
Other debtors
194
127
-------
-------
3,688
2,893
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
6,448
203
Other loans
997
997
Other creditors
1,976
3,174
-------
-------
9,421
4,374
-------
-------