Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31false2023-09-0113No description of principal activity13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03788281 2023-09-01 2024-08-31 03788281 2022-09-01 2023-08-31 03788281 2024-08-31 03788281 2023-08-31 03788281 c:Director7 2023-09-01 2024-08-31 03788281 d:CurrentFinancialInstruments 2024-08-31 03788281 d:CurrentFinancialInstruments 2023-08-31 03788281 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 03788281 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 03788281 c:FRS102 2023-09-01 2024-08-31 03788281 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03788281 c:FullAccounts 2023-09-01 2024-08-31 03788281 c:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 03788281 2 2023-09-01 2024-08-31 03788281 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 03788281










KINGS PARK, CHEDBURGH RESIDENTS ASSOCIATION LIMITED
(A Company Limited by Guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
KINGS PARK, CHEDBURGH RESIDENTS ASSOCIATION LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 03788281

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
469
493

Cash at bank and in hand
  
24,520
24,776

  
24,989
25,269

Creditors: amounts falling due within one year
 5 
(24,989)
(25,269)

Net current assets
  
 
 
-
 
 
-

Total assets less current liabilities
  
-
-

  

Net assets
  
-
-


Capital and reserves
  

  
-
-

Page 1

 
KINGS PARK, CHEDBURGH RESIDENTS ASSOCIATION LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 03788281
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
A E Lewis
Director
Date: 14 November 2024

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
KINGS PARK, CHEDBURGH RESIDENTS ASSOCIATION LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Kings Park Chedburgh Residents Association Limited is a private company limited by guarantee and incorporated in England and Wales, registration number 03788281.  The registered office is The Beeches, 11 Kings Park, Chedburgh, Suffolk, IP29 4TY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.  

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have considered the Company's position at the time of signing the financial statements, and based on this, the Directors have concluded that they have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future and they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
KINGS PARK, CHEDBURGH RESIDENTS ASSOCIATION LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 13 (2023 - 13).


4.


Debtors

2024
2023
£
£


Prepayments and accrued income
469
493

469
493



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
427

Other creditors
24,089
24,002

Accruals and deferred income
900
840

24,989
25,269


Page 4

 
KINGS PARK, CHEDBURGH RESIDENTS ASSOCIATION LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


6.


Company status

The company is a private company limited by guarantee 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.
 
Page 5