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REGISTERED NUMBER: 01364971 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 April 2024

for

Ashley Court Residents Association
Limited

Ashley Court Residents Association
Limited (Registered number: 01364971)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ashley Court Residents Association
Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Ms K M Barry
Miss L M Taylor





SECRETARY: A Robertson





REGISTERED OFFICE: Wrights House
102-104 High Street
Great Missenden
HP16 0BE





REGISTERED NUMBER: 01364971 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

Ashley Court Residents Association
Limited (Registered number: 01364971)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
CURRENT ASSETS
Debtors 4 4,208 2,425
Cash at bank 8,245 16,625
12,453 19,050
CREDITORS
Amounts falling due within one year 5 2,414 3,090
NET CURRENT ASSETS 10,039 15,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,039

15,960

RESERVES
Income and expenditure account 10,039 15,960
10,039 15,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:





Ms K M Barry - Director


Ashley Court Residents Association
Limited (Registered number: 01364971)

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

1. STATUTORY INFORMATION

Ashley Court 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 represents service charges levied on residents based on budgeted expenditure for the year. This company is not registered for VAT.

Residential management transactions
A statutory trust is imposed over service charge monies received under Section 42 of the Landlord and tenant Act 1987 and the company therefore acts as a trustee in this capacity. As such the closing balance of cash and other assets are held in trust by the company.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Service charges in arrears 3,695 1,945
Prepayments 513 480
4,208 2,425

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors - 852
Service charges in advance 959 844
Accrued expenses 1,455 1,394
2,414 3,090

6. LIMITED BY GUARANTEE

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £10.