| School Close Road Association Limited |
| Registered number: |
06475214 |
| Directors' Report |
|
| The directors present their report and accounts for the year ended 30 September 2024. |
|
| Principal activities |
| The company's principal activity during the year under review was that of ownership and maintenance of the freehold known as School Close Road. |
|
| Directors |
| The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report. |
|
|
Mrs M Calleja |
|
S Patel |
|
A Shakoor |
|
G St J Smith |
|
|
|
Other changes in directors holding office are as follows: |
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|
J N Maher - appointed 8 March 2024 |
|
S Sahoo - appointed 14 September 2024 |
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Mrs J P Wright - appointed 14 September 2024 |
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| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| This report was approved by the board on 17 February 2025 and signed on its behalf. |
|
|
| S Sahoo |
| Director |
|
| School Close Road Association Limited |
| Registered number: |
06475214 |
| Balance Sheet |
| as at 30 September 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1 |
|
|
1 |
|
| Current assets |
| Debtors |
4 |
|
6,184 |
|
|
2,066 |
| Cash at bank and in hand |
|
|
37,208 |
|
|
44,668 |
|
|
|
43,392 |
|
|
46,734 |
|
| Creditors: amounts falling due within one year |
5 |
|
(202) |
|
|
(567) |
|
| Net current assets |
|
|
|
43,190 |
|
|
46,167 |
|
| Net assets |
|
|
|
43,191 |
|
|
46,168 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Other reserves |
|
|
|
38,339 |
|
|
38,339 |
| Retained earnings |
|
|
|
4,852 |
|
|
7,829 |
| Shareholders' funds |
|
|
|
43,191 |
|
|
46,168 |
|
|
|
|
|
|
|
|
| The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 |
|
| (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 and loss for each fiancial year in accordance with the requirements of Sections 394 and 395 and which otherwise compy with the requirements of the Companies Act 2006 relating to financial statments, 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 17 February 2025 and were signed on its behalf by |
|
|
| S Sahoo - Director |
|
| G St J Smith - Director |
|
| Approved by the board on 17 February 2025 |
|
| School Close Road Association Limited |
| Notes to the Accounts |
| for the year ended 30 September 2024 |
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|
|
STATUTORY INFORMATION |
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School Close Road Association Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. |
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| 1 |
ACCOUNTING POLICIES |
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|
Basis of preparation |
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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 fiancial statements have been prepared under the historical cost convention. |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
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|
Land and buildings |
not provided |
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Taxation |
|
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current of deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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| 2 |
EMPLOYEES AND DIRECTORS |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of employees during the year |
7 |
|
4 |
|
| 3 |
TANGIBLE FIXED ASSETS |
2024 |
|
2023 |
|
|
School Close Road Title Number BM330881 was conveyed to the company at a nominal fee by the Trustees of the Unincorporated School Close Road Association on 20th February 2008 to be held by the company unencumbered for the benefit of the members. |
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| 4 |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
5,606 |
|
1,560 |
|
Other debtors |
578 |
|
506 |
|
|
|
|
|
|
6,184 |
|
2,066 |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
- |
|
1 |
|
Other creditors |
202 |
|
566 |
|
|
|
|
|
|
202 |
|
567 |
|
|
|
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