Registration number:
9 High Street (Brecon) Residents Association Limited
for the
Year Ended 30 September 2024
9 High Street (Brecon) Residents Association Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
9 High Street (Brecon) Residents Association Limited
Company Information
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Directors |
Mr N J Morrell Mr W J Dowd |
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Registered office |
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Solicitors |
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Accountants |
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9 High Street (Brecon) Residents Association Limited
(Registration number: 06365905)
Balance Sheet as at 30 September 2024
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2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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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:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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9 High Street (Brecon) Residents Association Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
9 High Street
Brecon
Powys
LD3 7AL
These financial statements were authorised for issue by the
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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
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Asset class |
Depreciation method and rate |
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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 .
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Tangible assets |
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Land and buildings |
Total |
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Cost or valuation |
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At 1 October 2023 |
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At 30 September 2024 |
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Depreciation |
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Carrying amount |
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At 30 September 2024 |
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At 30 September 2023 |
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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
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Debtors |
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Current |
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2023 |
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Trade debtors |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
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Due within one year |
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Trade creditors |
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Share capital |
Allotted, called up and fully paid shares
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2023 |
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No. |
£ |
No. |
£ |
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4 |
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4 |