27 CASTLETOWN ROAD TENANTS ASSOCIATION LIMITED |
|
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of 27 CASTLETOWN ROAD TENANTS ASSOCIATION LIMITED for the year ended 31 March 2025 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 27 CASTLETOWN ROAD TENANTS ASSOCIATION LIMITED for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance |
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF. |
|
Key Business Consultants LLP |
Chartered Accountants |
13 Whitchurch Lane |
Edgware |
HA8 6JZ |
|
25 June 2025 |
|
27 CASTLETOWN ROAD TENANTS ASSOCIATION LIMITED |
Registered number: |
02421922 |
Balance Sheet |
as at 31 March 2025 |
|
Notes |
|
|
2025 |
|
|
2024 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
48,490 |
|
|
48,490 |
|
Current assets |
Debtors |
4 |
|
- |
|
|
1,934 |
Cash at bank and in hand |
|
|
3,228 |
|
|
1,620 |
|
|
|
3,228 |
|
|
3,554 |
|
Creditors: amounts falling due within one year |
5 |
|
(576) |
|
|
(576) |
|
Net current assets |
|
|
|
2,652 |
|
|
2,978 |
|
Total assets less current liabilities |
|
|
|
51,142 |
|
|
51,468 |
|
|
Provisions for liabilities |
|
|
|
(7,518) |
|
|
(7,518) |
|
|
Net assets |
|
|
|
43,624 |
|
|
43,950 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
5 |
|
|
5 |
Revaluation reserve |
6 |
|
|
44,124 |
|
|
44,124 |
Profit and loss account |
|
|
|
(505) |
|
|
(179) |
|
Shareholders' funds |
|
|
|
43,624 |
|
|
43,950 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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|
|
|
Ms N Erikssen |
Director |
Approved by the board on 25 June 2025 |
|
27 CASTLETOWN ROAD TENANTS ASSOCIATION LIMITED |
Notes to the Accounts |
for the year ended 31 March 2025 |
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|
1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). These accounts have been prepared under the going concern basis due to the shareholders' continued financial support. |
|
|
Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
No taxation has been accounted for due to being a residents' management, not for profit company. |
|
|
Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
2 |
Employees |
2025 |
|
2024 |
Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
5 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
£ |
|
Cost |
|
At 1 April 2024 |
48,490 |
|
At 31 March 2025 |
48,490 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
48,490 |
|
At 31 March 2024 |
48,490 |
|
|
4 |
Debtors |
2025 |
|
2024 |
£ |
£ |
|
|
Other debtors |
- |
|
1,934 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
£ |
£ |
|
|
Trade creditors |
576 |
|
576 |
|
|
|
|
|
|
|
|
|
|
6 |
Revaluation reserve |
2025 |
|
2024 |
£ |
£ |
|
|
At 1 April 2024 |
44,124 |
|
44,124 |
|
|
At 31 March 2025 |
44,124 |
|
44,124 |
|
|
|
|
|
|
|
|
|
|
7 |
Controlling party |
|
|
All the directors hold significant influence and control over the company. |
|
|
8 |
Other information |
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27 CASTLETOWN ROAD TENANTS ASSOCIATION LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
13 Whitchurch Lane |
|
Edgware |
|
HA8 6JZ |