Fernleigh Residents' Association Limited Filleted Accounts Cover
Fernleigh Residents' Association Limited
Company No. 02442267
Information for Filing with The Registrar
30 September 2024
Fernleigh Residents' Association Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 30 September 2024.
Principal activities
The principal activity of the company during the year under review was that of a flat management company.
Director
The Director who served at any time during the year was as follows:
N.J. Seaton Burridge
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
N.J. Seaton Burridge
Director
08 April 2025
Fernleigh Residents' Association Limited Balance Sheet Registrar
at
30 September 2024
Company No.
02442267
Notes
2024
2023
£
£
Current assets
Debtors
4
3,2962,133
Cash at bank and in hand
2,8554,619
6,1516,752
Creditors: Amount falling due within one year
5
(4,849)
(4,083)
Net current assets
1,3022,669
Total assets less current liabilities
1,3022,669
Net assets
1,3022,669
Capital and reserves
Called up share capital
2424
Profit and loss account
7
1,2782,645
Total equity
1,3022,669
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 September 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 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 accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 08 April 2025 and signed on its behalf by:
N.J. Seaton Burridge
Director
08 April 2025
Fernleigh Residents' Association Limited Notes to the Accounts Registrar
for the year ended 30 September 2024
1
General information
Fernleigh Residents' Association Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 02442267
Its registered office is:
Its trading address is:
Daniell House
PO Box 275
Falmouth Road
St Austell
Truro
Cornwall
England
PL25 9DG
TR1 2HX
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover comprises of management and other fees received from the tenants at Fernleigh Gardens,
Wadebridge, Cornwall.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Debtors
2024
2023
£
£
Trade debtors
1,865900
Prepayments and accrued income
1,4311,233
3,2962,133
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
53239
Taxes and social security
23
13
Accruals and deferred income
4,2944,031
4,8494,083
6
Share Capital
24 £1 ordinary shares fully paid.
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
Fernleigh Residents' Association Limited0244226730 September 202401 October 2023false08 April 2025BTCSoftware AP Solution 2024 11.2.0111.2.01true024422672023-10-012024-09-30024422672024-09-30024422672023-09-3002442267core:WithinOneYear2024-09-3002442267core:WithinOneYear2023-09-3002442267core:ShareCapital2024-09-3002442267core:ShareCapital2023-09-3002442267core:RetainedEarningsAccumulatedLosses2024-09-3002442267core:RetainedEarningsAccumulatedLosses2023-09-3002442267countries:UnitedKingdom2023-10-012024-09-3002442267bus:RegisteredOffice2023-10-012024-09-30024422672022-10-012023-09-3002442267core:RetainedEarningsAccumulatedLosses2023-10-012024-09-30024422672023-10-0102442267bus:SmallEntities2023-10-012024-09-3002442267bus:FullAccounts2023-10-012024-09-3002442267bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3002442267bus:Director12023-10-012024-09-3002442267bus:PrivateLimitedCompanyLtd2023-10-012024-09-30iso4217:GBPxbrli:pure