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Registration number: 01780072

St. John's Court Residents Association Limited

Annual Report and Unaudited Financial Statements Year Ended 31 May 2024

image-name

Chartered Accountants

 

St. John's Court Residents Association Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 9

 

St. John's Court Residents Association Limited

Company Information

Directors

J Lavery

G Roy

Company secretary

Coco Property Group Limited

Registered office

18a High West Street
Dorchester
Dorset
DT1 1UW

Accountants

Edwards & Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

St. John's Court Residents Association Limited

Directors' Report
for the Year Ended 31 May 2024

The directors present their report and the financial statements for the year ended 31 May 2024.

Directors of the company

The directors who held office during the year were as follows:

J Lavery

G Roy

Principal activity

The principal activity of the company continued to be that of the provision of property management services.

The company owns the freehold interest of the premises at St John's Court, Weymouth, Dorset subject to 999 year leases on 19 properties and two commercial units.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 18 February 2025 and signed on its behalf by:




Coco Property Group Limited
Company secretary

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
St. John's Court Residents Association Limitedfor the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of St. John's Court Residents Association Limited for the year ended 31 May 2024 as set out on pages 4 to 9 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
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of St. John's Court Residents Association Limited, as a body, in accordance with the terms of our engagement letter dated 22 July 2019. Our work has been undertaken solely to prepare for your approval the accounts of St. John's Court Residents Association Limited and state those matters that we have agreed to state to the Board of Directors of St. John's Court 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 St. John's Court 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 St. John's Court Residents Association Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of St. John's Court Residents Association Limited. You consider that St. John's Court 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 accounts of St. John's Court 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 accounts.






Edwards & Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

19 February 2025

 

St. John's Court Residents Association Limited

Profit and Loss Account
for the Year Ended 31 May 2024

2024
 
£

2023
 
£

Turnover

22,680

21,475

Administrative expenses

(55,577)

(14,499)

Operating (loss)/profit

(32,897)

6,976

Other interest receivable and similar income

147

30

(Deficit)/surplus before tax

(32,750)

7,006

Taxation

-

-

(Deficit)/surplus for the financial year

(32,750)

7,006

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

St. John's Court Residents Association Limited

(Registration number: 01780072)
Balance Sheet as at 31 May 2024

Note

2024
 

2023
 

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

319

 

319

Current assets

   

 

Debtors

5

12,674

 

8,305

 

Cash at bank and in hand

 

14,247

 

52,289

 

 

26,921

 

60,594

 

Creditors: Amounts falling due within one year

6

(2,775)

 

(3,698)

 

Net current assets

   

24,146

 

56,896

Net assets

   

24,465

 

57,215

Capital and reserves

   

 

Called up share capital

19

 

19

 

Depreciation fund

24,446

 

57,196

 

Profit and loss account

-

 

-

 

   

24,465

 

57,215

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised for issue by the Board on 18 February 2025 and signed on its behalf by:
 


G Roy
Director

   
 

St. John's Court Residents Association Limited

Statement of Changes in Equity
for the Year Ended 31 May 2024

Share capital
£

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 June 2023

19

57,196

-

57,215

Loss for the year

-

-

(32,750)

(32,750)

Transfers

-

(32,750)

32,750

-

At 31 May 2024

19

24,446

-

24,465

Share capital
£

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 June 2022

19

50,190

-

50,209

Profit for the year

-

-

7,006

7,006

Transfers

-

7,006

(7,006)

-

At 31 May 2023

19

57,196

-

57,215

 

St. John's Court Residents Association Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18a High West Street
Dorchester
Dorset
DT1 1UW
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

CCTV System

20% Straight Line

Land and buildings freehold

No depreciation is provided in respect of the freehold interest in the 19 properties at St John's Court, Weymouth as its residual value will be at least equal to its cost.

 

St. John's Court Residents Association Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023- 0). The average number of directors on the board during the year was 2 (2023- 2).

4

Tangible assets

Land and buildings
£

CCTV System
£

Total
£

Cost

At 1 June 2023

318

1,300

1,618

At 31 May 2024

318

1,300

1,618

Depreciation

At 1 June 2023

-

1,299

1,299

At 31 May 2024

-

1,299

1,299

Carrying amount

At 31 May 2024

318

1

319

At 31 May 2023

318

1

319

5

Debtors

2024
£

2023
£

Amounts due from lessees

10,752

6,597

Other debtors and prepayments

1,922

1,708

12,674

8,305

 

St. John's Court Residents Association Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

6

Creditors

2024
£

2023
£

Due within one year

Amounts received in advance from lessees

685

1,564

Other creditors and accruals

2,090

2,134

2,775

3,698