Registered number
05598704
The Spinnakers Residents Company Limited
Unaudited Filleted Accounts
31 October 2024
The Spinnakers Residents Company Limited
Report and accounts
Contents
Page
Company information 1
Director's report 2
Chartered Accountants' report 3
Balance sheet 4
Notes to the accounts 5
The Spinnakers Residents Company Limited
Company Information
Director
S Biss
J K Palmer
R Thornton (appointed 3 April 2024)
Accountants
Cochrane & Co Accountants Limited
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
Bankers
HSBC
137 High Street
Lee-on-the-Solent
Hampshire
PO13 9YB
Registered office
120 High Street
Lee-on-the-Solent
Hampshire
PO13 9DB
Registered number
05598704
The Spinnakers Residents Company Limited
Registered number: 05598704
Director's Report
The director presents his report and accounts for the year ended 31 October 2024.
Principal activities
The company's principal activity during the year continued to be that of the management and administration of the property consisting of;

Flats 1-11
The Spinnakers
Beach Road
Lee-on-the-Solent
Hampshire
PO13 9FH
Directors
The following persons served as directors during the year:
S Biss
J K Palmer
R Thornton (appointed 3 April 2024)
The company is limited by guarantee.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 5 December 2024 and signed on its behalf.
S Biss
Director
The Spinnakers Residents Company Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of The Spinnakers Residents Company Limited for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Spinnakers Residents Company Limited for the year ended 31 October 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes 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, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Cochrane & Co Accountants Limited
Chartered Accountants
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
18 December 2024
The Spinnakers Residents Company Limited
Registered number: 05598704
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,500 13,500
Net current assets - -
Net assets 13,500 13,500
Reserves
Reserve account 4 13,500 13,500
Shareholders' funds 13,500 13,500
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Biss
Director
Approved by the board on 5 December 2024
The Spinnakers Residents Company Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life. The land and building cost represents the amount paid for the freehold.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2023 13,500
At 31 October 2024 13,500
Depreciation
At 31 October 2024 -
Net book value
At 31 October 2024 13,500
At 31 October 2023 13,500
4 Reserve account 2024 2023
£ £
At 1 November 2023 13,500 13,500
At 31 October 2024 13,500 13,500
The reserve account represents monies introduced by the residents to purchase the freehold.
5 Controlling party
The ultimate controlling party are the residents by virtue of their guarantees.
6 Other information
The Spinnakers Residents Company Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
120 High Street
Lee-on-the-Solent
Hampshire
PO13 9DB
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