LABURNUM COURT RESIDENTS ASSOCIATION (STANMORE) LIMITED |
Registered number: |
02513183 |
Balance Sheet |
as at 29 September 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Investment property |
|
|
|
16,616 |
|
|
16,616 |
|
Current assets |
Debtors |
4 |
|
22,952 |
|
|
28,990 |
Cash at bank and in hand |
|
|
166,133 |
|
|
149,942 |
|
|
|
189,085 |
|
|
178,932 |
|
Creditors: amounts falling due within one year |
5 |
|
(53,690) |
|
|
(57,575) |
|
Net current assets |
|
|
|
135,395 |
|
|
121,357 |
|
Net assets |
|
|
|
152,011 |
|
|
137,973 |
|
|
|
|
|
|
|
|
Capital and reserves |
Other reserves |
6 |
|
|
16,700 |
|
|
16,700 |
Service charge reserve |
|
|
|
135,311 |
|
|
121,273 |
|
Shareholders' funds |
|
|
|
152,011 |
|
|
137,973 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
B Klein |
Director |
Approved by the board on 16 April 2025 |
|
LABURNUM COURT RESIDENTS ASSOCIATION (STANMORE) LIMITED |
Notes to the Accounts |
for the year ended 29 September 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied: |
|
|
Turnover |
|
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Revenue in respect of service charges is recognised in the period in which the management services are delivered and is measured at the undiscounted cash amount received. |
|
|
Investments |
|
Investment property comprises a reversionary interest in freehold land which will revert back to the company at the end of the lease term. The property is held at fair value so the land is not depreciated. |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment. |
|
|
Creditors |
|
Short term creditors are measured at the transaction price. |
|
2 |
General information |
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|
Laburnum Court Residents Association (Stanmore) Limited is a private company limited by guarantee and registered in England and Wales. The address of its registered office is Devonshire House, 582 Honeypot Lane, Stanmore, HA7 1JS. |
|
|
|
3 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
3,927 |
|
6,088 |
|
Pre payments and accrued income |
19,025 |
|
22,902 |
|
|
|
|
|
|
22,952 |
|
28,990 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Accruals and deferred income |
|
53,187 |
|
57,319 |
|
Corporation tax |
503 |
|
256 |
|
|
|
|
|
|
53,690 |
|
57,575 |
|
|
|
|
|
|
|
|
|
|
6 |
Other reserves |
|
|
The other reserve represents funds injected by the members to finance the acquisition of freehold land and related fees. |
|
|
7 |
Company status |
|
|
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members undertakes to contribute such amount as required (not exceeding £1) to the company's assets. |