Delta Riverside Residents Association Limited 4906879 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is Residential Property Management of the development known as Delta Riverside, Hart Street, Maidstone, Kent Digita Accounts Production Advanced 6.30.9574.0 true true 4906879 2023-10-01 2024-09-30 4906879 2024-09-30 4906879 core:RetainedEarningsAccumulatedLosses 2024-09-30 4906879 core:CurrentFinancialInstruments 2024-09-30 4906879 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 4906879 bus:SmallEntities 2023-10-01 2024-09-30 4906879 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 4906879 bus:FilletedAccounts 2023-10-01 2024-09-30 4906879 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 4906879 bus:RegisteredOffice 2023-10-01 2024-09-30 4906879 bus:CompanySecretary1 2023-10-01 2024-09-30 4906879 bus:Director2 2023-10-01 2024-09-30 4906879 bus:Director4 2023-10-01 2024-09-30 4906879 bus:Director5 2023-10-01 2024-09-30 4906879 bus:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 4906879 bus:Agent1 2023-10-01 2024-09-30 4906879 countries:EnglandWales 2023-10-01 2024-09-30 4906879 2022-10-01 2023-09-30 4906879 2023-09-30 4906879 core:RetainedEarningsAccumulatedLosses 2023-09-30 4906879 core:CurrentFinancialInstruments 2023-09-30 4906879 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 4906879

Delta Riverside Residents Association Limited

(A company limited by guarantee)

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Delta Riverside Residents Association Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Delta Riverside Residents Association Limited

Company Information

Directors

Duncan James Hutchinson

Ms Samantha Louise Whitear

Mr Paul Elston

Company secretary

DMG Property Management Limited

Registered office

Suite 7 Aspect House
Pattenden Lane
Marden
Kent
TN12 9QJ

Bankers

NatWest Maidstone
3 High Street
Maidstone
Kent
ME14 1HJ

Accountants

Manningtons
Victoria House The Moor
Hawkhurst
Cranbrook
Kent
TN18 4NR

 

Delta Riverside Residents Association Limited

(Registration number: 4906879)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

60,235

80,269

Creditors: Amounts falling due within one year

5

(60,382)

(121,054)

Net liabilities

 

(147)

(40,785)

Reserves

 

Retained earnings

(147)

(40,785)

Deficit

 

(147)

(40,785)

For the financial year ending 30 September 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 March 2025 and signed on its behalf by:
 

.........................................
Ms Samantha Louise Whitear
Director

 

Delta Riverside Residents Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Suite 7 Aspect House
Pattenden Lane
Marden
Kent
TN12 9QJ
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.

The presentation currency of the financial statements is the Pound Sterling (£).

 

Delta Riverside Residents Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Service charges 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. Service charges is shown net of sales/value added tax, returns, rebates and discounts.

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.

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.

Service charges in arrears

Service charges in arrears are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Service charges in arrears are recognised at the transaction price, less provision for impairment. A provision for the impairment of service charges in arrears is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Service charges in advance

Service charges in advance are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Service charges in advance are recognised at the transaction price.

3

Staff numbers

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

 

Delta Riverside Residents Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Debtors

2024
£

2023
£

Service charges in arrears

22,961

22,597

Prepayments

18,860

26,480

Other debtors

18,414

31,192

60,235

80,269

Other debtors includes a sum of £16,403 (2023 - £30,548) held in the name of the company in a client account of the appointed agent for the leaseholders.

Also included within other debtors are invoice debtors of £2,011 (2023 - £644).

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Service charges in advance

27,173

48,179

Accruals and deferred income

16,022

52,012

Other creditors

17,187

20,863

60,382

121,054