56 Station Road Harpenden Residents' Association Ltd 31/08/2024 iXBRL

Company registration number: 01248778

56 Station Road Harpenden Residents' Association Ltd

Unaudited filleted financial statements

31 August 2024

56 Station Road Harpenden Residents' Association Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

56 Station Road Harpenden Residents' Association Ltd

Directors and other information


	Directors	Dr T G Hopkins
		D J Hallifax


	Secretary	Dr T G Hopkins


	Company number	01248778


	Registered office	5 Croft Court
		Breadcroft Lane
		Harpenden
		AL5 4UB


	Accountants	Hicks and Company
		Chartered Accountants
		Vaughan Chambers
		Vaughan Road
		Harpenden
		AL5 4EE

56 Station Road Harpenden Residents' Association Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of 56 Station Road Harpenden Residents' Association Ltd

Year ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 56 Station Road Harpenden Residents' Association Ltd for the year ended 31 August 2024 which comprise the statement of financial position and related notes 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 /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of 56 Station Road Harpenden Residents' Association Ltd, as a body, in accordance with the terms of our engagement letter dated 24 February 2020. Our work has been undertaken solely to prepare for your approval the financial statements of 56 Station Road Harpenden Residents' Association Ltd and state those matters that we have agreed to state to the board of directors of 56 Station Road Harpenden Residents' Association Ltd 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 56 Station Road Harpenden Residents' Association Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that 56 Station Road Harpenden Residents' Association Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 56 Station Road Harpenden Residents' Association Ltd. You consider that 56 Station Road Harpenden Residents' Association Ltd 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 financial statements of 56 Station Road Harpenden Residents' Association Ltd. 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 financial statements.

Hicks and Company

Chartered Accountants

Vaughan Chambers

Vaughan Road

Harpenden

AL5 4EE

31 March 2025

56 Station Road Harpenden Residents' Association Ltd

Statement of financial position

31 August 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	27,500		27,500
		_______		_______
			27,500		27,500

Current assets
Cash at bank and in hand		20,882		18,592
		_______		_______
		20,882		18,592
Creditors: amounts falling due
within one year	6	( 184)		( 969)
		_______		_______
Net current assets			20,698		17,623
			_______		_______
Total assets less current liabilities			48,198		45,123

			_______		_______
Net assets			48,198		45,123
			_______		_______

Capital and reserves
Called up share capital			200		200
Capital contributions			27,500		27,500
Profit and loss account			20,498		17,423
			_______		_______
Shareholders funds			48,198		45,123
			_______		_______

For the year ending 31 August 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 financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 31 March 2025 , and are signed on behalf of the board by:

Dr T G Hopkins

Director

Company registration number: 01248778

56 Station Road Harpenden Residents' Association Ltd

Notes to the financial statements

Year ended 31 August 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Croft Court, Breadcroft Lane, Harpenden, AL5 4UB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover represents the total invoice value, excluding value added tax, of service charges receivable during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts is recorded at the fair value at the date of revaluation less any subseqeunt accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	not provided, see below

Land and buildings consists of the freehold interest in Croft Court, 56 Station Road and therefore no depreciation is provided.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Freehold property	Total
	£	£
Cost
At 1 September 2023 and 31 August 2024	27,500	27,500
	_______	_______
Depreciation
At 1 September 2023 and 31 August 2024	-	-
	_______	_______
Carrying amount
At 31 August 2024	27,500	27,500
	_______	_______
At 31 August 2023	27,500	27,500
	_______	_______

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	184	969
	_______	_______

7. Controlling party

In the opinion of the directors there is no ultimate single controlling party.