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
Stockwell Court Residents Association Limited
Company Information
for the year ended 31 December 2024
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
Stockwell Court Residents Association Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
13,032
10,966
Creditors: amounts falling due within one year
(24,746)
(31,398)
Net current assets
18,832
19,859
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
Stockwell Court Residents Association Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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.
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
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
At 31 December 2024
759
-
759
At 31 December 2023
811
-
811
Amounts falling due within one year
Trade debtors
16,570
26,777
Accrued income and prepayments
13,687
13,514
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
23,307
30,086
Taxes and social security
60
112
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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).