Registration number: 01523873

Setler House Residents Association Limited

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Financial Statements	4 to 5

Setler House Residents Association Limited

Company Information

Directors

Mr Shashank Kapoor Mr Geoffrey Charles King Stephen Turner

Company secretary

Mr Robert Alan Walker Jackson Stephen Turner

Registered office

Monument House 31-34 South Bar Street Banbury Oxfordshire OX16 9AE

Auditors

Just Audit & Assurance Ltd 37 Market Square Witney Oxon OX28 6RE

Setler House Residents Association Limited

(Registration number: 01523873)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Current assets
Debtors	3	4,329	4,290
Cash at bank and in hand		22,645	25,157
		26,974	29,447
Creditors: Amounts falling due within one year	4	(22,747)	(10,036)
Net assets		4,227	19,411
Reserves
Other reserves		16,120	12,120
Retained earnings		(11,893)	7,291
Surplus		4,227	19,411

These financial statements have been prepared and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 September 2025 and signed on its behalf by:
 

......................................... Mr Geoffrey Charles King Director

Setler House Residents Association Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

	Other reserves £	Retained earnings £	Total £
At 1 January 2024	12,120	7,291	19,411
Deficit for the year	-	(15,184)	(15,184)
Other comprehensive income	4,000	(4,000)	-
Total comprehensive income	4,000	(19,184)	(15,184)
At 31 December 2024	16,120	(11,893)	4,227

	Other reserves £	Retained earnings £	Total £
At 1 January 2023	6,300	28,640	34,940
Deficit for the year	-	(15,529)	(15,529)
Other comprehensive income	5,820	(5,820)	-
Total comprehensive income	5,820	(21,349)	(15,529)
At 31 December 2023	12,120	7,291	19,411

Setler House Residents Association Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	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 are prepared in accordance with a special purpose framework and as a result, the financial statements may not be suitable for another purpose

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.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 10 September 2025 was Jonathan Russell, who signed for and on behalf of Just Audit & Assurance Ltd.

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

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year.
Turnover is derived wholly within the UK.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors 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.

Setler House Residents Association Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

3

Debtors

Current	2024 £	2023 £
Trade debtors	176	420
Prepayments	4,153	3,870
	4,329	4,290

4

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	4,277	35
Accruals and deferred income	18,470	10,001
	22,747	10,036