The Silverdale Residents Association Limited 04220432 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is Residential property management of various amenity lands within the development known as Silverdale, Goatlees, Ashford, Kent principally comprising any landscaped areas on the estate and any other land, buildings and real property, either on its own accou Digita Accounts Production Advanced 6.30.9574.0 true true 04220432 2024-06-01 2025-05-31 04220432 2025-05-31 04220432 core:RetainedEarningsAccumulatedLosses 2025-05-31 04220432 core:CurrentFinancialInstruments 2025-05-31 04220432 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 04220432 bus:SmallEntities 2024-06-01 2025-05-31 04220432 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 04220432 bus:FilletedAccounts 2024-06-01 2025-05-31 04220432 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 04220432 bus:RegisteredOffice 2024-06-01 2025-05-31 04220432 bus:CompanySecretary1 2024-06-01 2025-05-31 04220432 bus:Director2 2024-06-01 2025-05-31 04220432 bus:CompanyLimitedByGuarantee 2024-06-01 2025-05-31 04220432 bus:Agent1 2024-06-01 2025-05-31 04220432 countries:EnglandWales 2024-06-01 2025-05-31 04220432 2023-06-01 2024-05-31 04220432 2024-05-31 04220432 core:RetainedEarningsAccumulatedLosses 2024-05-31 04220432 core:CurrentFinancialInstruments 2024-05-31 04220432 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 04220432

The Silverdale Residents Association Limited

(A company limited by guarantee)

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 May 2025

 

The Silverdale Residents Association Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 5

Accountants' Report

6

 

The Silverdale Residents Association Limited

Company Information

Director

Miss Penelope Jane Bull

Company secretary

DMG Property Management Limited

Registered office

Suite 7 Aspect House
Pattenden Lane
Marden
Kent
TN12 9QJ

Bankers

NatWest Maidstone
3 High Street
Maidstone
Kent
ME14 1HJ

Accountants

Manningtons
Victoria House The Moor
Hawkhurst
Cranbrook
Kent
TN18 4NR

 

The Silverdale Residents Association Limited

Director's Report for the Year Ended 31 May 2025

The director presents her report and the financial statements for the year ended 31 May 2025.

Director of the company

The director who held office during the year was as follows:

Miss Penelope Jane Bull

Principal activity

The principal activity of the company is residential property management of various amenity lands within the development known as Silverdale, Goatlees, Ashford, Kent principally comprising any landscaped areas on the estate and any other land, buildings and real property.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

This company is not considered a trading company and there is no liability to tax.


Bank information
Account name: DMG Property Management Limited Silverdale Residents Association Designated Client Account
Sort code: 60 60 08 Account number: 56104502
Interest bearing

Account name: DMG Property Management Limited The Silverdale Residents Association (Reserve) Client Account
Sort code: 60 60 08 Account number: 56110901
Interest bearing
 

Approved and authorised by the director on 15 July 2025
 

.........................................
DMG Property Management Limited
Company secretary

 

The Silverdale Residents Association Limited

(Registration number: 04220432)
Balance Sheet as at 31 May 2025

Note

2025
£

2024
£

Current assets

 

Debtors

4

13,594

8,997

Creditors: Amounts falling due within one year

5

(5,520)

(5,427)

Net assets

 

8,074

3,570

Reserves

 

Retained earnings

8,074

3,570

Surplus

 

8,074

3,570

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 July 2025
 

.........................................
Miss Penelope Jane Bull
Director

 

The Silverdale Residents Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Suite 7 Aspect House
Pattenden Lane
Marden
Kent
TN12 9QJ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Service charges comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Service charges is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

The Silverdale Residents Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Service charge arrears

Service charge arrears are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Service charge arrears are recognised at the transaction price, less provision for impairment. A provision for the impairment of service charge arrears is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Service charges paid in advance

Service charges paid in advance are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Service charges paid in advance are recognised at the transaction price.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

4

Debtors

2025
£

2024
£

Service charge arrears

1,829

1,591

Prepayments

613

595

Other debtors

11,152

6,811

13,594

8,997

Other debtors includes a sum of £11,152 (2024 - £6,811) held in the name of the company in a client account of the appointed agent for the leaseholders.

5

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Service charges paid in advance

4,490

4,420

Other creditors

1,030

1,007

5,520

5,427

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
The Silverdale Residents Association Limited
for the Year Ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Silverdale Residents Association Limited for the year ended 31 May 2025 as set out on pages 3 to 5 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Silverdale Residents Association Limited, as a body, in accordance with the terms of our engagement letter dated 28 June 2019. Our work has been undertaken solely to prepare for your approval the accounts of The Silverdale Residents Association Limited and state those matters that we have agreed to state to the Board of Directors of The Silverdale Residents Association Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Silverdale Residents Association Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Silverdale Residents Association Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Silverdale Residents Association Limited. You consider that The Silverdale Residents Association Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Silverdale Residents Association Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Manningtons
Victoria House The Moor
Hawkhurst
Cranbrook
Kent
TN18 4NR

21 July 2025