EAGLE COURT RESIDENTS ASSOCIATION LIMITED

Company Registration Number:
03032094 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

EAGLE COURT RESIDENTS ASSOCIATION LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

EAGLE COURT RESIDENTS ASSOCIATION LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principal activity of the company in the year under review was that of the freehold ownership, management and maintenance of the property known as Eagle Court Hermon Hill London E11 1PD.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

BARRY SWICK
MARILYN SPERLING
ROBERT LEVENE
ANNE CRAWLEY


The director shown below has held office during the period of
1 April 2023 to 22 September 2023

JEFFREY CHARLES HULBERT


The directors shown below have held office during the period of
1 April 2023 to 1 May 2023

SARA SPRINGER
STEVEN HOLLOWAY


The director shown below has held office during the period of
21 June 2023 to 22 September 2023

MICHAEL ALAN BROWN


The directors shown below have held office during the period of
10 May 2023 to 31 March 2024

HEATHER ELIZABETH PASS
JOHN GRIEVE


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 February 2025

And signed on behalf of the board by:
Name: BARRY SWICK
Status: Director

EAGLE COURT RESIDENTS ASSOCIATION LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 7,560 6,480
Gross profit(or loss): 7,560 6,480
Administrative expenses: 6,100 ( 11,228 )
Operating profit(or loss): 13,660 (4,748)
Interest receivable and similar income: 2,486 1,077
Profit(or loss) before tax: 16,146 (3,671)
Profit(or loss) for the financial year: 16,146 (3,671)

EAGLE COURT RESIDENTS ASSOCIATION LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 78,061 78,061
Total fixed assets: 78,061 78,061
Current assets
Debtors: 4 23,698 23,911
Cash at bank and in hand: 139,261 129,703
Total current assets: 162,959 153,614
Creditors: amounts falling due within one year: 5 ( 13,528 ) ( 20,329 )
Net current assets (liabilities): 149,431 133,285
Total assets less current liabilities: 227,492 211,346
Creditors: amounts falling due after more than one year: 6 ( 125,497 ) ( 125,497 )
Total net assets (liabilities): 101,995 85,849
Capital and reserves
Called up share capital: 57 57
Other reserves: 88,000 88,000
Profit and loss account: 13,938 (2,208 )
Total Shareholders' funds: 101,995 85,849

The notes form part of these financial statements

EAGLE COURT RESIDENTS ASSOCIATION LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 2 February 2025
and signed on behalf of the board by:

Name: BARRY SWICK
Status: Director

The notes form part of these financial statements

EAGLE COURT RESIDENTS ASSOCIATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The company exists as the formal owner of freehold ground on which leasehold flats are erected and to maintain the communal parts and fabric. The company is primarily non profit making deriving the majority of its income from the occupying leaseholders but does receive a small amount of rental income.

    Tangible fixed assets depreciation policy

    Freehold land and buildings are not depreciated. Properties are maintained to ensure that their value does not diminish over time and the maintenance costs are charged to profit and loss in the year in which they are incurred. In the directors opinion depreciation would be immaterial and has not been charged.

    Intangible fixed assets amortisation policy

    Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment costs.

    Other accounting policies

    Taxation. Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have ben enacted or substantively enacted by the balance sheet date.

EAGLE COURT RESIDENTS ASSOCIATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 6

EAGLE COURT RESIDENTS ASSOCIATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 78,061 78,061
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 78,061 78,061
Depreciation
At 1 April 2023
Charge for year
On disposals
Other adjustments
At 31 March 2024
Net book value
At 31 March 2024 78,061 78,061
At 31 March 2023 78,061 78,061

EAGLE COURT RESIDENTS ASSOCIATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 2,602 5,110
Other debtors 21,096 18,801
Total 23,698 23,911

EAGLE COURT RESIDENTS ASSOCIATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 13,528 13,759
Accruals and deferred income 6,570
Total 13,528 20,329

EAGLE COURT RESIDENTS ASSOCIATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 125,497 125,497
Total 125,497 125,497