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Registration number: 03210039

Digby Mansions (39-58A) Residents Association Limited

trading as Digby Mansions (39-58A) Residents Association Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Digby Mansions (39-58A) Residents Association Limited

trading as Digby Mansions (39-58A) Residents Association Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Digby Mansions (39-58A) Residents Association Limited

trading as Digby Mansions (39-58A) Residents Association Ltd

Company Information

Directors

Elizabeth Jane Bain

Michael Charles White

Mathew Robert Anthony Phillips

Patricia Vivienne White

Paul Simon Kent

John Stephenson

Farah Ahmad Perez

Registered office

102 Fulham Palace Road
London
W6 9PL

Accountants

Michaelides Warner & Co 102 Fulham Palace Road
London
W6 9PL

 

Digby Mansions (39-58A) Residents Association Limited

trading as Digby Mansions (39-58A) Residents Association Ltd

(Registration number: 03210039)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

23,804

23,804

Current assets

 

Debtors

5

170

247

Cash at bank and in hand

 

14,628

16,284

 

14,798

16,531

Creditors: Amounts falling due within one year

6

(29,725)

(29,585)

Net current liabilities

 

(14,927)

(13,054)

Net assets

 

8,877

10,750

Capital and reserves

 

Called up share capital

7

32

32

Retained earnings

8,845

10,718

Shareholders' funds

 

8,877

10,750

For the financial year ending 30 June 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 and 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 7 March 2025 and signed on its behalf by:
 

.........................................
Elizabeth Jane Bain
Director

 

Digby Mansions (39-58A) Residents Association Limited

trading as Digby Mansions (39-58A) Residents Association Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in Englad & Wales.

The address of its registered office is:
102 Fulham Palace Road
London
W6 9PL
England

These financial statements were authorised for issue by the Board on 7 March 2025.

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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

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. Turnover 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.

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.

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.

 

Digby Mansions (39-58A) Residents Association Limited

trading as Digby Mansions (39-58A) Residents Association Ltd

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors 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.

Trade creditors

Trade creditors 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 (including directors) during the year, was 0 (2023 - 0).

 

Digby Mansions (39-58A) Residents Association Limited

trading as Digby Mansions (39-58A) Residents Association Ltd

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

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2023

23,804

23,804

At 30 June 2024

23,804

23,804

Depreciation

Carrying amount

At 30 June 2024

23,804

23,804

At 30 June 2023

23,804

23,804

Included within the net book value of land and buildings above is £23,804 (2023 - £23,804) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

170

247

 

170

247

 

Digby Mansions (39-58A) Residents Association Limited

trading as Digby Mansions (39-58A) Residents Association Ltd

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,750

1,610

Other creditors

27,975

27,975

29,725

29,585

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

32

32

32

32