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REGISTERED NUMBER: 01430526 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 January 2025

for

Shields Residents' Association Limited

Shields Residents' Association Limited (Registered number: 01430526)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Shields Residents' Association Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mrs G Mowat
Ms A Simon
Mrs S Cossons
Ms K M Barry





SECRETARY: A Robertson





REGISTERED OFFICE: 102-104 High Street
Great Missenden
HP16 0BE





REGISTERED NUMBER: 01430526 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

Shields Residents' Association Limited (Registered number: 01430526)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £   
CURRENT ASSETS
Debtors 4 3,923 3,309
Cash at bank 44,824 56,774
48,747 60,083
CREDITORS
Amounts falling due within one year 5 1,196 965
NET CURRENT ASSETS 47,551 59,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,551

59,118

PROVISIONS FOR LIABILITIES - 21,267
NET ASSETS 47,551 37,851

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 47,541 37,841
SHAREHOLDERS' FUNDS 47,551 37,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:





Ms K M Barry - Director


Shields Residents' Association Limited (Registered number: 01430526)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Shields Residents' Association Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents service charges levied on residents based on budgeted expenditure for the year. This company is not registered for VAT.

Taxation
The company is a non-profit making enterprise and surpluses or deficits arising as a result of differences between service charges levied (based on estimated costs) and actual costs incurred do not fall within the scope of corporation tax. Tax is payable on investment income only.

Residential management transactions
A statutory trust is imposed over service charge monies received under Section 42 of the Landlord and Tenant Act 1987 and the company therefore acts as a trustee in this capacity. As such the closing balance of cash and other assets are held in trust by the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Other debtors 1,533 1,121
Service charges due 771 568
Prepayments 1,619 1,620
3,923 3,309

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 211 362
Service charges in advance - 9
Accrued expenses 985 594
1,196 965