Millside Mews Residents Association Ltd
Registered number: 03820335
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 100 100
Current assets
Cash at bank and in hand 6,470 7,742
Creditors: amounts falling due within one year 4 (438) (438)
Net current assets 6,032 7,304
Net assets 6,132 7,404
Capital and reserves
Revaluation reserve 5 100 100
Profit and loss account 6,032 7,304
Shareholders' funds 6,132 7,404
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.
S Fortune
Director
Approved by the board on 29 May 2025
Millside Mews Residents Association Ltd
Notes to the Accounts
for the year ended 31 August 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Freehold buildings not depreciated, shown at nominal valuation
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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
As a not for profit organisation there is no tax liability.
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 3 3
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 100
At 31 August 2024 100
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 100
At 31 August 2023 100
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 350 350
Other creditors 88 88
438 438
5 Revaluation reserve 2024 2023
£ £
At 1 September 2023 100 100
At 31 August 2024 100 100
6 Other information
Millside Mews Residents Association Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Millbank
Tonbridge
Kent
TN9 1PY
Millside Mews Residents Association Ltd 03820335 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 S Fortune No description of principal activity 03820335 2022-09-01 2023-08-31 03820335 core:WithinOneYear 2023-08-31 03820335 core:OtherReservesSubtotal 2023-08-31 03820335 core:RetainedEarningsAccumulatedLosses 2023-08-31 03820335 core:RevaluationReserve 2022-08-31 03820335 2023-09-01 2024-08-31 03820335 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03820335 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03820335 bus:Director40 2023-09-01 2024-08-31 03820335 1 2023-09-01 2024-08-31 03820335 2 2023-09-01 2024-08-31 03820335 countries:England 2023-09-01 2024-08-31 03820335 bus:FRS102 2023-09-01 2024-08-31 03820335 bus:FilletedAccounts 2023-09-01 2024-08-31 03820335 2024-08-31 03820335 core:WithinOneYear 2024-08-31 03820335 core:OtherReservesSubtotal 2024-08-31 03820335 core:RetainedEarningsAccumulatedLosses 2024-08-31 03820335 core:LandBuildings 2024-08-31 03820335 core:RevaluationReserve 2024-08-31 03820335 2023-08-31 03820335 core:LandBuildings 2023-08-31 03820335 core:RevaluationReserve 2023-08-31 iso4217:GBP xbrli:pure