0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 56,961 56,961 56,961 xbrli:pure xbrli:shares iso4217:GBP 02435064 2023-04-01 2024-03-31 02435064 2024-03-31 02435064 2023-03-31 02435064 2022-04-01 2023-03-31 02435064 2023-03-31 02435064 2022-03-31 02435064 bus:Director3 2023-04-01 2024-03-31 02435064 core:WithinOneYear 2024-03-31 02435064 core:WithinOneYear 2023-03-31 02435064 core:ShareCapital 2024-03-31 02435064 core:ShareCapital 2023-03-31 02435064 core:OtherReservesSubtotal 2024-03-31 02435064 core:OtherReservesSubtotal 2023-03-31 02435064 core:RetainedEarningsAccumulatedLosses 2024-03-31 02435064 core:RetainedEarningsAccumulatedLosses 2023-03-31 02435064 core:LandBuildings 2024-03-31 02435064 core:LandBuildings 2023-03-31 02435064 bus:SmallEntities 2023-04-01 2024-03-31 02435064 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02435064 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02435064 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02435064 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 02435064
The Neale Close Residents Association Limited
Filleted Unaudited Financial Statements
For the year ended
31 March 2024
The Neale Close Residents Association Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
56,961
56,961
Current assets
Debtors
5
1,512
7,489
Cash at bank and in hand
22,291
8,504
--------
--------
23,803
15,993
Creditors: amounts falling due within one year
6
10,663
6,234
--------
--------
Net current assets
13,140
9,759
--------
--------
Total assets less current liabilities
70,101
66,720
--------
--------
Net assets
70,101
66,720
--------
--------
Capital and reserves
Called up share capital
55
55
Other reserves
56,906
64,901
Profit and loss account
13,140
1,764
--------
--------
Shareholders funds
70,101
66,720
--------
--------
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 31 March 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 .
The Neale Close Residents Association Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 26 November 2024 , and are signed on behalf of the board by:
S V Leith
Director
Company registration number: 02435064
The Neale Close Residents Association Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o BLR Property Management Limited, Hyde House, The Hyde, Edgware Road, London, NW9 6LH.
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
Service charge income is taken into account when it becomes due.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Land and buildings
£
Cost
At 1 April 2023 and 31 March 2024
56,961
--------
Depreciation
At 1 April 2023 and 31 March 2024
--------
Carrying amount
At 31 March 2024
56,961
--------
At 31 March 2023
56,961
--------
5. Debtors
2024
2023
£
£
Trade debtors
912
Other debtors
600
7,489
-------
-------
1,512
7,489
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
9,440
829
Other creditors
1,223
5,405
--------
-------
10,663
6,234
--------
-------