Fountain Court (Ascot) Limited 02451706 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Flat management Digita Accounts Production Advanced 6.30.9574.0 true 02451706 2023-05-01 2024-04-30 02451706 2024-04-30 02451706 core:RetainedEarningsAccumulatedLosses 2024-04-30 02451706 core:CurrentFinancialInstruments 2024-04-30 02451706 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 02451706 bus:SmallEntities 2023-05-01 2024-04-30 02451706 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 02451706 bus:FullAccounts 2023-05-01 2024-04-30 02451706 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02451706 bus:RegisteredOffice 2023-05-01 2024-04-30 02451706 bus:CompanySecretaryDirector2 2023-05-01 2024-04-30 02451706 bus:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 02451706 countries:EnglandWales 2023-05-01 2024-04-30 02451706 2022-05-01 2023-04-30 02451706 2023-04-30 02451706 core:RetainedEarningsAccumulatedLosses 2023-04-30 02451706 core:CurrentFinancialInstruments 2023-04-30 02451706 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 02451706

Fountain Court (Ascot) Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 April 2024

 

Fountain Court (Ascot) Limited

(Registration number: 02451706)
Statement of Financial Position as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

19,469

2

Cash at bank and in hand

 

104,651

16,796

 

124,120

16,798

Creditors: Amounts falling due within one year

6

(108,644)

(3,478)

Net assets

 

15,476

13,320

Reserves

 

Income and expenditure account

15,476

13,320

Members' funds

 

15,476

13,320

For the financial year ending 30 April 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 Statement has been taken.

Approved and authorised by the Board on 18 November 2024 and signed on its behalf by:
 

.........................................
Mr J W Cheshire
Company secretary and director

 

Fountain Court (Ascot) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, 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: 2 Princess Gate London Road, Sunninghill, Ascot, SL5 7YY. England.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the maintenance contributions receivable for the year.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Creditors

Short term creditors are measured at the transaction price.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 

Fountain Court (Ascot) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

Due to the nature of the company’s activities there were no employees in the current or previous year.

4

Tangible assets

The company is the beneficial owner of the freehold communal land at Princess Gate, Sunninghill, Ascot. No value has been placed on this freehold interest as no consideration was paid.

5

Debtors

2024
£

2023
£

Debtors

13,726

2

Prepayments

5,743

-

19,469

2

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

118

-

Accruals and deferred income

108,526

3,478

108,644

3,478