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REGISTERED NUMBER: 07891252 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RESIDENTS ASSOCIATION OF WELWYN HEATH
LIMITED

RESIDENTS ASSOCIATION OF WELWYN HEATH
LIMITED (REGISTERED NUMBER: 07891252)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RESIDENTS ASSOCIATION OF WELWYN HEATH
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs C E Meade ~ Chairperson
G M Tomlinson
M R Jones





REGISTERED OFFICE: 19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW





REGISTERED NUMBER: 07891252 (England and Wales)





ACCOUNTANTS: Barker Wilkinson Limited
19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW

RESIDENTS ASSOCIATION OF WELWYN HEATH
LIMITED (REGISTERED NUMBER: 07891252)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 250 50
Cash at bank 4,868 22,941
5,118 22,991
CREDITORS
Amounts falling due within one year 5 707 602
NET CURRENT ASSETS 4,411 22,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,411

22,389

RESERVES
Road maintenance reserve 6 4,400 22,882
Income and expenditure account 6 11 (493 )
4,411 22,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 and
(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 surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RESIDENTS ASSOCIATION OF WELWYN HEATH
LIMITED (REGISTERED NUMBER: 07891252)

BALANCE SHEET - continued
31 DECEMBER 2024


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 June 2025 and were signed on its behalf by:




Mrs C E Meade ~ Chairperson - Director



G M Tomlinson - Director


RESIDENTS ASSOCIATION OF WELWYN HEATH
LIMITED (REGISTERED NUMBER: 07891252)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Residents Association of Welwyn Heath 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 financial statements have been prepared under the historical cost convention.

The directors have not identified any material uncertainties or risks related to events or conditions that could cast significant doubt about the company's ability to continue as a going concern and therefore the financial statements for the year ended 31st December 2024 have been prepared using the going concern basis of accounting.

Significant judgements and estimates
In the application of the company's accounting policies, management might be required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
The directors consider all financial instruments to be basic financial instruments in accordance with paragraph 11 of FRS102. All basic financial instruments including trade and other debtors, cash and cash equivalents, and trade and other creditors, are initially recognised at transaction price and thereafter stated at amortised cost.

Trade and other receivables and payables

Trade and other receivables and payables are measured at amortised cost which approximates to fair value given the short term nature of these assets and liabilities.

Trade receivables are valued at original invoice amount less an allowance for potentially un-collectable debts. Provision is made where there is objective evidence to suggest that the company will not be in a position to collect receivables as they fall due. Bad and Doubtful debts are written off in the profit and loss account on identification.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances held for the purposes of meeting short-term cash commitments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

RESIDENTS ASSOCIATION OF WELWYN HEATH
LIMITED (REGISTERED NUMBER: 07891252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 250 50

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 44 57
Accrued expenses 663 545
707 602

6. RESERVES
Income
and Road
expenditure maintenance
account reserve Totals
£    £    £   

At 1 January 2024 (493 ) 22,882 22,389
Deficit for the year (17,978 ) - (17,978 )
Transfer to/from road
maintenance reserve 18,482 (18,482 ) -
At 31 December 2024 11 4,400 4,411

7. RELATED PARTY DISCLOSURES



The Directors are subscriber members of the Company. The only transactions involving the Directors are those in connection with their membership subscriptions.

Ultimate control of the Company is considered to be in the hands of the subscriber members.

8. LIMITED BY GUARANTEE

The company is limited by guarantee without a share capital. In the event of the company being wound up, each member, whilst a member or for a period of one year after ceasing to be a member, is liable to contribute for payment of the debts and liabilities of the company such amounts as may be required, but not exceeding £1.