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REGISTERED NUMBER: 02150070 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

395 Canterbury Street Residents
Association Limited

395 Canterbury Street Residents
Association Limited (Registered number: 02150070)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


395 Canterbury Street Residents
Association Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: J F Elderfield





REGISTERED OFFICE: 212 Millans Court
Ambleside
Cumbria
LA22 9BW





REGISTERED NUMBER: 02150070 (England and Wales)





ACCOUNTANTS: Berry & Company
Chartered Accountants
Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ

395 Canterbury Street Residents
Association Limited (Registered number: 02150070)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,128 2,128

CURRENT ASSETS
Debtors 5 3,215 3,215
Cash at bank and in hand 1,157 1,157
4,372 4,372
CREDITORS
Amounts falling due within one year 6 10,050 7,644
NET CURRENT LIABILITIES (5,678 ) (3,272 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,550

)

(1,144

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,650 ) (1,244 )
SHAREHOLDERS' FUNDS (3,550 ) (1,144 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2025 and were signed by:





J F Elderfield - Director


395 Canterbury Street Residents
Association Limited (Registered number: 02150070)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

395 Canterbury Street Residents Association Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company is reliant on the financial support of the director who has advanced the company £7,211 by way of a director's loan. The director has stated that this amount will only be called up for repayment when the company has sufficient reserves and future operating cashflows from which to repay this debt and meet all its other debts as they fall due. For this reason the director has adopted the Going Concern principle when preparing these financial statements despite liabilities exceeding assets by £3,550.

Income recognition
Turnover represents the fair value of consideration received or receivable derived from the rendering of residential property management services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

395 Canterbury Street Residents
Association Limited (Registered number: 02150070)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 August 2023
and 31 July 2024 2,128
NET BOOK VALUE
At 31 July 2024 2,128
At 31 July 2023 2,128

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,400 2,400
Other debtors 815 815
3,215 3,215

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 10,050 7,644

7. ULTIMATE CONTROLLING PARTY

The controlling party is J F Elderfield.