Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.6falseNo description of principal activity62024-01-01falsetrue 00856225 2024-01-01 2024-12-31 00856225 2023-01-01 2023-12-31 00856225 2024-12-31 00856225 2023-12-31 00856225 c:Director3 2024-01-01 2024-12-31 00856225 d:Buildings 2024-01-01 2024-12-31 00856225 d:Buildings 2024-12-31 00856225 d:Buildings 2023-12-31 00856225 d:CurrentFinancialInstruments 2024-12-31 00856225 d:CurrentFinancialInstruments 2023-12-31 00856225 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 00856225 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00856225 d:ShareCapital 2024-12-31 00856225 d:ShareCapital 2023-12-31 00856225 d:RetainedEarningsAccumulatedLosses 2024-12-31 00856225 d:RetainedEarningsAccumulatedLosses 2023-12-31 00856225 c:FRS102 2024-01-01 2024-12-31 00856225 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00856225 c:FullAccounts 2024-01-01 2024-12-31 00856225 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00856225 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 00856225







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


OXSHOTT WAY RESIDENTS ASSOCIATION LTD






































img3731.png                        

 


OXSHOTT WAY RESIDENTS ASSOCIATION LTD
REGISTERED NUMBER:00856225



BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
10
10

  
10
10

Current assets
  

Cash at bank and in hand
  
499,440
494,391

  
499,440
494,391

Creditors: amounts falling due within one year
 5 
(119,317)
(111,085)

Net current assets
  
 
 
380,123
 
 
383,306

Total assets less current liabilities
  
380,133
383,316

  

Net assets
  
380,133
383,316


Capital and reserves
  

Called up share capital 
 6 
10
10

Profit and loss account
  
380,123
383,306

  
380,133
383,316


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by by 



Mr Graham Marr
Director

Date: 25 April 2025

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 


OXSHOTT WAY RESIDENTS ASSOCIATION LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Oxshott Way Residents Association Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 00856225. The registered office is Suite A, Coveham House, Downside Bridge Road, Cobham,Surrey, KT11 3EP 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Turnover

The company owns the land on which the roads, verges and other common areas within the Oxshott Way Estate are sited. It is responsible for the upkeep and maintenance of these areas, including the many trees and other plants located there on and the associated infrastructure - including the Estate’s entry/exit gates and the soak-away drainage. The company does not trade or supply any goods or services; its activities wholly relate to the upkeep and maintenance of its land and associated infrastructure.
The company finances these activities by means of contributions payable by the Owners of the properties within the Estate, who are each shareholders in the company. Each Owner pays an equal annual contribution at a rate agreed each year at the company’s AGM. In addition, Owners of properties that are being re-developed (demolition & re-builds) pay a development contribution at a fixed rate per square metre of the gross internal area of the new building, such rate also being set each year at the company’s AGM. The development contributions are levied primarily to compensate the company for the additional wear and tear, damage and latent damage to the roads and verges and other property that results from the re-development activity and its associated heavy traffic over a prolonged period (typically 18 - 30 months per project).
Annual contributions are recognised for accounting purposes within turnover in the period to which they relate. Development contributions are recognised within turnover in the period in which they are levied, generally at the commencement of the related re-development project.
Turnover during 2024 also included exceptional income for film production activity on the Estate. 

 
2.3

Taxation

Income tax expense represents the sum of the tax currently payable.
As noted above, the company's activities solely relate to the maintenance of its land (including the trees there on) and the associated infrastructure that it owns, financed by means of contributions payable by the owners of the properties within the Oxshott Way Estate. The company is not subject to tax on these activities.
The company is subject to corporation tax on the interest income that it receives on its bank deposits, which is recognised on an accruals basis plus the sundry income from the film production activities
The company is not registered for VAT as it does not make any taxable supplies and is not, therefore, able to reclaim the input VAT that it incurs on payments made to its suppliers.




Page 2

 


OXSHOTT WAY RESIDENTS ASSOCIATION LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:



Depreciation is provided on the following basis:

Freehold
-
No depreciation provided






3.


Employees

The company has no employees, although there are directors, who did not receive any remuneration. The same applied in the prior year. 






4.


Tangible fixed assets





Land & Property 
 
Freehold

£



Cost or valuation


At 1 January 2024
10



At 31 December 2024

10






Net book value



At 31 December 2024
10



At 31 December 2023
10

Page 3

 


OXSHOTT WAY RESIDENTS ASSOCIATION LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
8,630
1,575

Accrued Operating Costs
19,374
21,298

Accruals and deferred income
91,313
88,212

119,317
111,085



6.


Share Capital

2024
2023
£
£



Allotted, Called up and fully paid
10
10

Page 4