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COMPANY REGISTRATION NUMBER: 00876280
STANHOPE COURT RESIDENTS' ASSOCIATION LIMITED
Company Limited by Guarantee
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 June 2024
STANHOPE COURT RESIDENTS' ASSOCIATION LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
30 June 2024
2024
2023
Note
£
£
£
CURRENT ASSETS
Debtors
5
7,103
5,782
Cash at bank and in hand
1,538
12,884
--------
---------
8,641
18,666
--------
---------
CREDITORS: amounts falling due within one year
6
8,641
18,666
--------
---------
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 30th 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 November 2024 , and are signed on behalf of the board by:
Ms S Tomlinson
Director
Company registration number: 00876280
STANHOPE COURT RESIDENTS' ASSOCIATION LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30th JUNE 2024
1. GENERAL INFORMATION
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 12 Sun Street, Lancaster, LA1 1EW.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents service charges receivable.
4. COMPANY LIMITED BY GUARANTEE
In the event of a winding up, each member is liable to contribute an amount that may be required, but not exceeding £25, under Clause 5 of the Memorandum and Articles of Association.
5. DEBTORS
2024
2023
£
£
Prepayments and accrued income
1,568
1,459
Service charge arrears
5,535
4,323
--------
--------
7,103
5,782
--------
--------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,216
1,143
Service charges in advance
1,654
1,134
Other creditors
5,771
16,389
--------
---------
8,641
18,666
--------
---------
Other creditors relates to the money held by the company on behalf of the property owners of Stanhope Court Residents' Association Limited.