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COMPANY REGISTRATION NUMBER: 01004088
Warham Road (South Croydon) Residents Company Limited
Filleted Unaudited Financial Statements
30 September 2024
Warham Road (South Croydon) Residents Company Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
1
1
Current assets
Debtors
7
11,701
15,057
Cash at bank and in hand
29,140
6,998
--------
--------
40,841
22,055
Creditors: amounts falling due within one year
8
13,289
6,751
--------
--------
Net current assets
27,552
15,304
--------
--------
Total assets less current liabilities
27,553
15,305
--------
--------
Net assets
27,553
15,305
--------
--------
Capital and reserves
Called up share capital
160
160
General Reserve Fund
27,393
15,145
--------
--------
Shareholders funds
27,553
15,305
--------
--------
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.
For the 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 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 .
Warham Road (South Croydon) Residents Company Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 8 April 2025 , and are signed on behalf of the board by:
D B Grenfell
Director
Company registration number: 01004088
Warham Road (South Croydon) Residents Company Limited
Notes to the Financial Statements
Year ended 30 September 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 5th Floor, Melrose House, 42 Dingwall Road, Croydon, Surrey, CR0 2NE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Impairment of fixed assets
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.
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. Debt instruments are subsequently measured at amortised cost.
4. Bank account
Service charge money was held in trust at Barclays Bank Plc under the title Property Maintenance & Management Services Ltd designated client account RE: Wareham Road (South Croydon) Residents Co Ltd.
5. Particulars of employees
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
6. Tangible assets
Freehold property
£
Cost
At 1 October 2023 and 30 September 2024
1
----
Depreciation
At 1 October 2023 and 30 September 2024
----
Carrying amount
At 30 September 2024
1
----
At 30 September 2023
1
----
7. Debtors
2024
2023
£
£
Trade debtors
1,702
5,570
Other debtors
9,999
9,487
--------
--------
11,701
15,057
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,770
2,434
Other creditors
5,519
4,317
--------
-------
13,289
6,751
--------
-------
9. General reserve fund
£
As at 1 October 2023 15,145
Transfer to income and expenditure account 4,000
Surplus for the period for residential lessees 8,248
As at 30 September 2024 27,393
The General Fund has been established to meet the cost of large, non-regular repair and maintenance work which is expected to arise in the future on behalf of the residential lessees. The present level of this fund may prove insufficient given the uncertainty as to when such costs may arise.
Any shortfall in this fund resulting from expenditure incurred will be charged to the Income and Expenditure account in that year.
10. Summary of costs as required by section 21(5) landlord and
tenant act 1985.
a) Costs charged in the accounts in respect of which no demand for payment was received by the landlord within the service charge period but provision has been made amounted to £4,747.
b) Costs charged in the accounts in respect of which a demand for payment was so received but no payment was made by the landlord within the service charge period amounted to £7,770.
c) Costs charged in the accounts in respect of which a demand for payment was so received and payment was made by the landlord within the service charge period amounted to £29,502.
Total expenditure incurred within the period totals £42,019.