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Registration number: 01306158

18 Games Road (Cockfosters) Residents Association Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 24 June 2024

 

18 Games Road (Cockfosters) Residents Association Ltd

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

18 Games Road (Cockfosters) Residents Association Ltd

Company Information
__________________________________________________________________________

Directors

J Shah

P H Willdridge

G Bandoni

K McDonagh

Registered office

342 Regents Park Road
Finchley
London
N3 2LJ


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

18 Games Road (Cockfosters) Residents Association Ltd

(Registration number: 01306158)
Balance Sheet as at 24 June 2024
__________________________________________________________________________

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

12,600

12,600

Current assets

 

Cash at bank and in hand

 

54,146

56,829

Creditors: Amounts falling due within one year

4

(4,167)

(2,689)

Net current assets

 

49,979

54,140

Total assets less current liabilities

 

62,579

66,740

Creditors: Amounts falling due after more than one year

4

(45,216)

(50,074)

Net assets

 

17,363

16,666

Capital and reserves

 

Called up share capital

5

18

18

Share premium reserve

14,400

14,400

Retained earnings

2,945

2,248

Shareholders' funds

 

17,363

16,666

For the financial year ending 24 June 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.

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 and the option not to file the Income and expenses statement has been taken.

Approved and authorised by the Board on 23 October 2024 and signed on its behalf by:

 

18 Games Road (Cockfosters) Residents Association Ltd

(Registration number: 01306158)
Balance Sheet as at 24 June 2024
__________________________________________________________________________



P H Willdridge

Director

 

18 Games Road (Cockfosters) Residents Association Ltd

Notes to the Unaudited Financial Statements for the Year Ended 24 June 2024
__________________________________________________________________________

1

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Going concern

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

Revenue recognition

Service Charges Receivable comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Service Charges Receivable is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Nil

 

18 Games Road (Cockfosters) Residents Association Ltd

Notes to the Unaudited Financial Statements for the Year Ended 24 June 2024
__________________________________________________________________________

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 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 25 June 2023

12,600

12,600

At 24 June 2024

12,600

12,600

Depreciation

Carrying amount

At 24 June 2024

12,600

12,600

At 24 June 2023

12,600

12,600

Included within the net book value of land and buildings above is £12,600 (2023 - £12,600) in respect of freehold land and buildings.
 

 

18 Games Road (Cockfosters) Residents Association Ltd

Notes to the Unaudited Financial Statements for the Year Ended 24 June 2024
__________________________________________________________________________

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

trade creditors

4,003

2,689

Taxation and social security

164

-

4,167

2,689

 

18 Games Road (Cockfosters) Residents Association Ltd

Notes to the Unaudited Financial Statements for the Year Ended 24 June 2024
__________________________________________________________________________

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

18

18

18

18