Registered number
00932334
Glenda Road Residents Association Limited
Filleted Accounts
31 December 2024
Glenda Road Residents Association Limited
Registered number: 00932334
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 569 413
Current assets
Debtors 4 26 4
Cash at bank and in hand 22,323 20,093
22,349 20,097
Creditors: amounts falling due within one year 5 (430) (368)
Net current assets 21,919 19,729
Net assets 22,488 20,142
Capital and reserves
Called up share capital 43 43
Profit and loss account 22,445 20,099
Shareholders' funds 22,488 20,142
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.
K Nash
Director
Approved by the board on 10 April 2025
Glenda Road Residents Association Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents maintenance levies collected from residential properties in Glenda Road
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 6.67 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The company is not trading with a view to profit and, therefore, in the opinion of its Financial Advisors, it is not liable to corporation tax on its results for the year, although it does remain liable to taxation on its Investment Income
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 43 5,350 5,393
Additions - 260 260
At 31 December 2024 43 5,610 5,653
Depreciation
At 1 January 2024 - 4,980 4,980
Charge for the year - 104 104
At 31 December 2024 - 5,084 5,084
Net book value
At 31 December 2024 43 526 569
At 31 December 2023 43 370 413
4 Debtors 2024 2023
£ £
Other debtors 26 4
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 68 37
Other creditors 362 331
430 368
6 Other information
Glenda Road Residents Association Limited is a private company limited by shares and incorporated in England. Its registered office is:
31 Wall Road
Norwich
Norfolk
NR3 4HJ
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