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Company Registration No. 01427932 (England and Wales)
Stockwell Court Residents Association Limited Unaudited accounts for the year ended 31 December 2024
Stockwell Court Residents Association Limited Unaudited accounts Contents
Page
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Stockwell Court Residents Association Limited Company Information for the year ended 31 December 2024
Director
R P Newman
Company Number
01427932 (England and Wales)
Registered Office
1 West Street Lewes East Sussex BN7 2NZ
Accountants
Maxwell-Gumbleton & Co. 1 West Street Lewes East Sussex BN7 2NZ
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Stockwell Court Residents Association Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
759 
811 
Current assets
Debtors
30,546 
40,291 
Cash at bank and in hand
13,032 
10,966 
43,578 
51,257 
Creditors: amounts falling due within one year
(24,746)
(31,398)
Net current assets
18,832 
19,859 
Net assets
19,591 
20,670 
Reserves
Profit and loss account
19,591 
20,670 
Members' funds
19,591 
20,670 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 July 2025 and were signed on its behalf by
R P Newman Director Company Registration No. 01427932
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Stockwell Court Residents Association Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Stockwell Court Residents Association Limited is a private company, limited by guarantee, registered in England and Wales, registration number 01427932. The registered office is 1 West Street, Lewes, East Sussex, BN7 2NZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
10% straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents service charges receivable from residential lessees together with rent receivable for the roof of the property.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Stockwell Court Residents Association Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
2,579 
6,240 
8,819 
At 31 December 2024
2,579 
6,240 
8,819 
Depreciation
At 1 January 2024
1,768 
6,240 
8,008 
Charge for the year
52 
- 
52 
At 31 December 2024
1,820 
6,240 
8,060 
Net book value
At 31 December 2024
759 
- 
759 
At 31 December 2023
811 
- 
811 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,570 
26,777 
Accrued income and prepayments
13,687 
13,514 
Other debtors
289 
- 
30,546 
40,291 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
23,307 
30,086 
Taxes and social security
60 
112 
Accruals
1,379 
1,200 
24,746 
31,398 
7
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than five years
- 
167,666 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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