Registered number
01450849
Promenade Court Residents Company Limited
Report and Unaudited Accounts
28 February 2025
Promenade Court Residents Company Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Chartered Accountants' report 3
Profit and loss account 4
Balance sheet 5
Notes to the accounts 6
Promenade Court Residents Company Limited
Company Information
Directors
Mr R Johnson
Mr K Taylor
Mr A J Beckingham
Accountants
Cochrane & Co Accountants Limited
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
Registered office
120 High Street
Lee-on-the-Solent
Hampshire
PO13 9DG
Registered number
01450849
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.
This report was approved by the board on 11 April 2025 and signed on its behalf.
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
Profit and Loss Account
for the year ended 28 February 2025
Notes 2025 2024
£ £
Operating profit - -
Profit on ordinary activities before taxation - -
Tax on profit on ordinary activities - -
Profit for the financial year - -
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
Shareholders' funds 1,350 1,350
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
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).
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:
Freehold buildings Nil
Due to the life of the building being in excess of fifty years, no depreciation has been provided. Impairment reviews are carried out periodically.
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 - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2024 14,000
At 28 February 2025 14,000
Depreciation
At 28 February 2025 -
Net book value
At 28 February 2025 14,000
At 29 February 2024 14,000
4 Creditors: amounts falling due within one year 2025 2024
£ £
Promenade Court Residents Company 12,650 12,650
5 Related party transactions
At the year end the company owed Promenade Court Residents Company £12,650 (2024 £12,650).
6 Controlling party
The company is controlled by the residents of Promenade Court.
7 Other information
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
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