| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| HOLLY LODGE RESIDENTS ASSOCIATION |
| LIMITED |
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| HOLLY LODGE RESIDENTS ASSOCIATION |
| LIMITED |
| HOLLY LODGE RESIDENTS ASSOCIATION |
| LIMITED (REGISTERED NUMBER: 01145015) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Page |
| Report of the Directors | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| HOLLY LODGE RESIDENTS ASSOCIATION |
| LIMITED (REGISTERED NUMBER: 01145015) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| The directors present their report with the financial statements of the company for the year ended 30 September 2024. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of the management of the property known as Farrer Court, Cambridge Park, Twickenham, Middlesex. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report. |
| Other changes in directors holding office are as follows: |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| ON BEHALF OF THE BOARD: |
| HOLLY LODGE RESIDENTS ASSOCIATION |
| LIMITED (REGISTERED NUMBER: 01145015) |
| BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Sinking fund | 7 |
| Retained earnings | 7 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| HOLLY LODGE RESIDENTS ASSOCIATION |
| LIMITED (REGISTERED NUMBER: 01145015) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Holly Lodge Residents Association Limited is a |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis. |
| Turnover |
| Turnover is services charges, ground rents and other income received from the residents. |
| Sinking fund |
| A sinking fund was established in 2018 so that provision is made for long term repairs and improvements to Farrer Court. Services charges have been increased in the year so that amounts can be transferred to the fund. The fund is held in a separate bank account. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Service charges & ground rent |
| in arrears |
| Prepayments |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Corporation Tax payable |
| Other creditors |
| HOLLY LODGE RESIDENTS ASSOCIATION |
| LIMITED (REGISTERED NUMBER: 01145015) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | 5.00 | 45 | 45 |
| 7. | RESERVES |
| Retained | Sinking |
| earnings | fund | Totals |
| £ | £ | £ |
| At 1 October 2023 | 70,808 |
| Profit for the year |
| Transfers to Sinking fund | (23,120 | ) | 23,120 | - |
| Transfers from Sinking fund | 9,192 | (9,192 | ) | - |
| At 30 September 2024 | 90,987 |
| During the year transfers into the sinking fund were £23,120 (2023 £13,860) and transfers out were £9,192 (2023 £Nil). |