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REGISTERED NUMBER: 00918597 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 March 2024

for

The Bowls Residents Association Limited

The Bowls Residents Association Limited (Registered number: 00918597)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


The Bowls Residents Association Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Hart
S Brattman
I Green
P Kaye
T Gevertz
Mrs R Hodds
M Fykin
W Linden





SECRETARY: D Bonley





REGISTERED OFFICE: Estate Office
The Bowls
Vicarage Lane
Chigwell
Essex
IG7 6ND





REGISTERED NUMBER: 00918597 (England and Wales)





ACCOUNTANT: Danny Daniels FCA
18 Oakleigh Park North
London
N20 9AR

The Bowls Residents Association Limited (Registered number: 00918597)

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the management of The Bowls estate.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

M Hart
S Brattman
I Green
T Gevertz
Mrs R Hodds

Other changes in directors holding office are as follows:

S Davis - resigned 10 July 2023
M I Rackind - resigned 30 October 2023
D Bonley - resigned 14 March 2024
E Smith - resigned 26 October 2023
P Kaye - appointed 18 September 2023
M Fykin - appointed 18 September 2023
W Linden - appointed 18 September 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D Bonley - Secretary


30 August 2024

The Bowls Residents Association Limited (Registered number: 00918597)

Income Statement
for the Year Ended 31 March 2024

31/3/24 31/3/23
Notes £    £   

TURNOVER 464,502 411,451

Management costs 403,701 350,793
GROSS SURPLUS 60,801 60,658

Corporate expenses 75,136 39,833
OPERATING (DEFICIT)/SURPLUS and
(DEFICIT)/SURPLUS BEFORE
TAXATION

(14,335

)

20,825

Tax on (deficit)/surplus 2,736 2,736
(DEFICIT)/SURPLUS FOR THE
FINANCIAL YEAR

(17,071

)

18,089

The Bowls Residents Association Limited (Registered number: 00918597)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 150,118 162,128

CURRENT ASSETS
Debtors 6 41,804 4,359
Cash at bank and in hand 7 257,662 264,779
299,466 269,138
CREDITORS
Amounts falling due within one year 8 57,038 39,849
NET CURRENT ASSETS 242,428 229,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,546

391,417

CREDITORS
Amounts falling due after more than
one year

9

223,700

205,500
NET ASSETS 168,846 185,917

RESERVES
Income and expenditure account 10 168,846 185,917
168,846 185,917

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 surplus or deficit 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 Bowls Residents Association Limited (Registered number: 00918597)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





M Hart - Director


The Bowls Residents Association Limited (Registered number: 00918597)

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

1. STATUTORY INFORMATION

The Bowls Residents Association Limited is a private company, limited by guarantee , 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.

Turnover
Turnover consists of ground rents and other rents receivable, together with maintenance and other charges.

Tangible fixed assets
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and equipment 25% reducing balance

The freehold property, which is subject to flat leases, mainly for terms exceeding 950 years, has been included at the original cost less the apportioned cost for ground rent conversions, written off at the time of their conversion. The resulting balance represents its estimated residual life. The purchase of the freehold land in the year to 31st March 1998 is included at cost. Improvements are depreciated at a rate which is considered to reflect their useful life.

Taxation
Taxation for the year comprises current tax. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. OPERATING (DEFICIT)/SURPLUS

The operating deficit (2023 - operating surplus) is stated after charging:

31/3/24 31/3/23
£    £   
Depreciation - owned assets 17,758 17,548

The Bowls Residents Association Limited (Registered number: 00918597)

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

5. TANGIBLE FIXED ASSETS
Plant &
Freehold equipment
property etc Totals
£    £    £   
COST
At 1 April 2023 272,561 93,969 366,530
Additions - 5,748 5,748
At 31 March 2024 272,561 99,717 372,278
DEPRECIATION
At 1 April 2023 114,044 90,358 204,402
Charge for year 17,296 462 17,758
At 31 March 2024 131,340 90,820 222,160
NET BOOK VALUE
At 31 March 2024 141,221 8,897 150,118
At 31 March 2023 158,517 3,611 162,128

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 41,804 4,359

7. CASH AT BANK AND IN HAND

Corporate & Reserve 257493 264545
Cash in hand 169 234
257662 264779

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Taxation27362736
Social security and other taxes17041551
Amounts due to lessees-1894
Deferred income1052110521
Other creditors4207723147
5703839849

The Bowls Residents Association Limited (Registered number: 00918597)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

Emergency/Reserve Funds223700205500

General2000020000
Block A4960045600
Block B4960045600
Block C2810025500
Block D3058027780
Block E4582041020
223700205500

10. RESERVES

At 1 April 2023185917167828
(Deficit)/surplus for the year(17071)18089
At 31 March 2024168846185917

11. LIMITED BY GUARANTEE

The company is limited by guarantee with no share capital. In the event of the company being wound up, each of the ninety one members is liable to make a contribution not exceeding £100.