Company registration number 1587085 (England and Wales)
LAKESIDE CLOSE RESIDENTS ASSOCIATION LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
LAKESIDE CLOSE RESIDENTS ASSOCIATION LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LAKESIDE CLOSE RESIDENTS ASSOCIATION LTD
BALANCE SHEET
AS AT
28 SEPTEMBER 2024
28 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
2,019
1,981
Cash at bank and in hand
23,550
21,812
25,569
23,793
Creditors: amounts falling due within one year
4
(1,932)
(1,688)
Net current assets
23,637
22,105
Reserves
Income and expenditure account
23,637
22,105
Members' funds
23,637
22,105
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
For the financial year ended 28 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 and delivered 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 26 February 2025 and are signed on its behalf by:
Mr I Hunt
Director
Company Registration No. 1587085
LAKESIDE CLOSE RESIDENTS ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information
Lakeside Close Residents Association Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 102 High Street, Great Missenden, Buckinghamshire, United Kingdom, HP16 0BE.
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
Income and expenditure
Income and expenses are included in the financial statements as they become receivable or due.
Expenses include VAT where applicable as the company cannot reclaim it.
1.3
Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
2
Employees
2024
2023
Number
Number
Total
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Service charges due
2,019
1,981
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,932
1,688
LAKESIDE CLOSE RESIDENTS ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 SEPTEMBER 2024
- 3 -
5
Members' liability
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 £5.