| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| Lockesley Square (Surbiton) Residents |
| Association Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| Lockesley Square (Surbiton) Residents |
| Association Limited |
| Lockesley Square (Surbiton) Residents |
| Association Limited (Registered number: 01042814) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Lockesley Square (Surbiton) Residents |
| Association Limited |
| Company Information |
| for the Year Ended 31 December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Lockesley Square (Surbiton) Residents |
| Association Limited (Registered number: 01042814) |
| Balance Sheet |
| 31 December 2024 |
| 31.12.24 | 31.12.23 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| 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 |
| Lockesley Square (Surbiton) Residents |
| Association Limited (Registered number: 01042814) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Lockesley Square (Surbiton) Residents Association Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover relates to Ground Rents receivable from the 8 remaining lessees (who have not extended their leases) under the terms of the Head Lease which are in turn paid as a Head Rent to the Freeholder. |
| Accounting for service charges |
| The adoption of the TECH 03/11 Accounting for Service Charges published jointly by ICAEW, ARMA and RICS has resulted in the following policy: |
| The company is responsible for the management of 1-42 Lockesley Square, Lovelace Gardens, Surbiton, Surrey and collects service charges from lessees in order to fund expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees as required by the Landlord and Tenant Act 1987. Transactions relating to the management of the property are reported separately to the lessees and are excluded from the company's financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| The company holds the Head Lease (subject to 42 Under Leases) on Lockesley Square, Lovelace Gardens, Surbiton, Surrey KT6 6RT under title deed number SGL143106. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Other debtors |
| This relates to the balance owed from the Service Charge account. |
| Lockesley Square (Surbiton) Residents |
| Association Limited (Registered number: 01042814) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
| value: | £ | £ |
| Ordinary | £10 | 420 | 420 |
| 7. | RELATED PARTY DISCLOSURES |
| In common with other members, each director is a lessee of Lockesley Square, Lovelace Gardens, Surbiton, Surrey and contributor to the running costs of the company (if any). |