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Registration number: 06365905

9 High Street (Brecon) Residents Association Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

9 High Street (Brecon) Residents Association Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

9 High Street (Brecon) Residents Association Limited

Company Information

Directors

Mr N J Morrell

Mr W J Dowd

Registered office

Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

Solicitors

H Vaughan Vaughan & Co
8A High Street
Brecon
Powys
LD3 7AL

Accountants

W J James & Co
Chartered AccountantsBishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

9 High Street (Brecon) Residents Association Limited

(Registration number: 06365905)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,775

4,775

Current assets

 

Debtors

5

1,455

233

Cash at bank and in hand

 

8,403

6,537

 

9,858

6,770

Creditors: Amounts falling due within one year

6

(2,797)

-

Net current assets

 

7,061

6,770

Net assets

 

11,836

11,545

Capital and reserves

 

Called up share capital

7

4

4

Retained earnings

11,832

11,541

Shareholders' funds

 

11,836

11,545

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 June 2025 and signed on its behalf by:
 

.........................................
Mr N J Morrell
Director

 

9 High Street (Brecon) Residents Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

The principal place of business is:
9 High Street
Brecon
Powys
LD3 7AL

These financial statements were authorised for issue by the Board on 17 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

Revenue recognition

Turnover comprises service charges receivable from the owners of the long leasehold interests in the flats.

Turnover is recognised when the service charges fall due for payment.

Tax

The company operates as a mutual association set up to manage the property at 9 High Street, Brecon. As such it is exempt from tax on its activities.

Tangible assets

The freehold of 9 High Street, Brecon is stated at the cost price of £2,000 plus the legal expenses associated with the purchase.

Depreciation

Depreciation is not charged on the freehold property of 9 High Street, Brecon as this is shown at the nominal purchase price plus associated legal expenses.

 

9 High Street (Brecon) Residents Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Asset class

Depreciation method and rate

Freehold property

Nil

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts recoverable in respect of electicity and insurance payments made by the company.

Trade debtors are recognised at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities .

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received .

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 October 2023

4,775

4,775

At 30 September 2024

4,775

4,775

Depreciation

Carrying amount

At 30 September 2024

4,775

4,775

At 30 September 2023

4,775

4,775

Included within the net book value of land and buildings above is £4,775 (2023 - £4,775) in respect of freehold land and buildings. This consists of the freehold of 9 High Street, Brecon which was purchased by the company on 10 July 2023.
 

 

9 High Street (Brecon) Residents Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

447

233

Prepayments

1,008

-

 

1,455

233

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,797

-

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

4

4

4

4