Company Registration No. 01734585 (England and Wales)
HERBFORD RESIDENTS ASSOCIATION LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 MARCH 2024
HERBFORD RESIDENTS ASSOCIATION LIMITED
COMPANY INFORMATION
Directors
A Barnard
F Dar
D Falby
K Galbraith
Company number
01734585
Registered office
13a Heath Street
London
NW3 6TP
Accountants
Myers Clark
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
HERBFORD RESIDENTS ASSOCIATION LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4 - 5
HERBFORD RESIDENTS ASSOCIATION LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 24 MARCH 2024
- 1 -

The directors present their annual report and financial statements for the year ended 24 March 2024.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

A Barnard
F Dar
D Falby
K Galbraith
S Wolf
(Resigned 28 April 2023)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
D Falby
Director
3 December 2024
HERBFORD RESIDENTS ASSOCIATION LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HERBFORD RESIDENTS ASSOCIATION LIMITED FOR THE YEAR ENDED 24 MARCH 2024
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Herbford Residents Association Limited for the year ended 24 March 2024 set out on pages 3 to 5 from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Herbford Residents Association Limited, as a body, in accordance with the terms of our engagement letter dated 15 December 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Herbford Residents Association Limited and state those matters that we have agreed to state to the board of directors of Herbford Residents Association Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Herbford Residents Association Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Herbford Residents Association Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Herbford Residents Association Limited. You consider that Herbford Residents Association Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Herbford Residents Association Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Myers Clark
3 December 2024
Chartered Accountants
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
HERBFORD RESIDENTS ASSOCIATION LIMITED
BALANCE SHEET
AS AT
24 MARCH 2024
24 March 2024
- 3 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,000
1,000
Capital and reserves
Called up share capital
4
100
100
Freehold contribution reserve
900
900
Total equity
1,000
1,000

For the financial year ended 24 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 3 December 2024 and are signed on its behalf by:
D Falby
Director
Company Registration No. 01734585
HERBFORD RESIDENTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 MARCH 2024
- 4 -
1
Accounting policies
Company information

Herbford Residents Association Limited is a private company limited by shares incorporated in England and Wales. The registered office is 13a Heath Street, London, NW3 6TP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
Nil

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

1.5

Status

During the year the company has acted as agent for the lessees of the property at 117 West End Lane, London NW10 3NN. The funds in relation to the maintenance of the property are held in trust. As at 24 March 2024 the cash balance held on behalf of the lessees amounted to £2,571.

 

The Company therefore has no income or expenditure in its own right in relation to the maintenance of the common parts of the property held in accordance with the governing leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and not filed at Companies House. The accounts can be obtained from Herbford Residents Association Limited.

HERBFORD RESIDENTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 MARCH 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Tangible fixed assets
Land and buildings
£
Cost
At 25 March 2023 and 24 March 2024
1,000
Depreciation and impairment
At 25 March 2023 and 24 March 2024
-
0
Carrying amount
At 24 March 2024
1,000
At 24 March 2023
1,000
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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