Company Registration No. 05539896 (England and Wales)
THE MOORLANDS RESIDENTS ASSOCIATION (WALTON ON THAMES) LTD
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
THE MOORLANDS RESIDENTS ASSOCIATION (WALTON ON THAMES) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THE MOORLANDS RESIDENTS ASSOCIATION (WALTON ON THAMES) LTD
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
17,474
17,890
Current assets
Debtors
4
4,624
2,466
Cash at bank and in hand
18,990
16,108
23,614
18,574
Creditors: amounts falling due within one year
5
(672)
(672)
Net current assets
22,942
17,902
Net assets
40,416
35,792
Capital and reserves
Called up share capital
6
16
16
Share premium account
27,184
27,184
Profit and loss reserves
13,216
8,592
Total equity
40,416
35,792
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 Companies Act 2006 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.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 15 April 2025 and are signed on its behalf by:
J Woodburn
Director
THE MOORLANDS RESIDENTS ASSOCIATION (WALTON ON THAMES) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information
The Moorlands Residents Association (Walton on Thames) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Portman House, Colby Road, Walton on Thames, KT12 2 RN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover comprises revenue recognised by the company in respect of service charges received during the year.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
2% on cost
1.4
Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
THE MOORLANDS RESIDENTS ASSOCIATION (WALTON ON THAMES) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2023 and 31 October 2024
20,802
Depreciation and impairment
At 1 November 2023
2,912
Depreciation charged in the year
416
At 31 October 2024
3,328
Carrying amount
At 31 October 2024
17,474
At 31 October 2023
17,890
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,000
1,200
Other debtors
1,624
1,266
4,624
2,466
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
672
672
672
672
THE MOORLANDS RESIDENTS ASSOCIATION (WALTON ON THAMES) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of 0p each
0
0
16
16