| Promenade Court Residents Company Limited |
| Registered number: |
01450849 |
| Directors' Report |
|
| The directors present their report and accounts for the year ended 28 February 2025. |
|
| Principal activities |
| The company's principal activity during the year continued to be that of managing the freehold property known as Promenade Court. |
|
| Directors |
| The following persons served as directors during the year: |
|
|
Mr R Johnson |
|
Mr K Taylor |
|
Mr A J Beckingham |
|
| Third party indemnity provisions |
| The company maintains insurance policies on behalf of all directors against liability arising from negligence, breach of duty and breach of trust in relation to the company. |
|
| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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| This report was approved by the board on 11 April 2025 and signed on its behalf. |
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|
|
|
|
| Mr R Johnson |
| Director |
|
| Promenade Court Residents Company Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Promenade Court Residents Company Limited for the year ended 28 February 2025 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Promenade Court Residents Company Limited for the year ended 28 February 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 icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| Cochrane & Co Accountants Limited |
| Chartered Accountants |
| 38 Kings Road |
| Lee-on-the-Solent |
| Hampshire |
| PO13 9NU |
|
| 29 July 2025 |
|
| Promenade Court Residents Company Limited |
| Registered number: |
01450849 |
| Balance Sheet |
| as at 28 February 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
14,000 |
|
|
14,000 |
|
| Creditors: amounts falling due within one year |
4 |
|
(12,650) |
|
|
(12,650) |
|
| Net current liabilities |
|
|
|
(12,650) |
|
|
(12,650) |
|
| Net assets |
|
|
|
1,350 |
|
|
1,350 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,350 |
|
|
1,350 |
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| Shareholders' funds |
|
|
|
1,350 |
|
|
1,350 |
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|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Mr R Johnson |
| Director |
| Approved by the board on 11 April 2025 |
|
| Promenade Court Residents Company Limited |
| Notes to the Accounts |
| for the year ended 28 February 2025 |
|
|
| 1 |
Accounting policies |
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|
Basis of preparation |
|
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). |
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|
Tangible fixed assets |
|
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: |
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|
Freehold buildings |
Nil |
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|
Due to the life of the building being in excess of fifty years, no depreciation has been provided. Impairment reviews are carried out periodically. |
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|
Creditors |
|
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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
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|
|
|
|
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|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 March 2024 |
14,000 |
|
At 28 February 2025 |
14,000 |
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|
|
|
|
|
|
|
|
|
Depreciation |
|
At 28 February 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2025 |
14,000 |
|
At 29 February 2024 |
14,000 |
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|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Promenade Court Residents Company |
|
12,650 |
|
12,650 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party transactions |
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|
At the year end the company owed Promenade Court Residents Company £12,650 (2024 £12,650). |
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| 6 |
Controlling party |
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The company is controlled by the residents of Promenade Court. |
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| 7 |
Other information |
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Promenade Court Residents Company Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
120 High Street |
|
Lee-on-the-Solent |
|
Hampshire |
|
PO13 9DG |