REGISTERED NUMBER: 00576225 (England and Wales)

HAVERCOURT RESIDENTS ASSOCIATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs V Crespi-Gulgoz

T A Freedman

M R Hay

T A Jackson

Ms A Megpara

Ms C E T Woolman

SECRETARY:

Fifield Glyn Limited

REGISTERED OFFICE:

c/o Fifield Glyn Limited

No. 1 Royal Mews

Gadbrook Park

Cheshire

CW9 7UD

REGISTERED NUMBER:

00576225 (England and Wales)

ACCOUNTANTS:

Murray Smith LLP

Chartered Accountants

Darland House

44 Winnington Hill

Northwich

Cheshire

CW8 1AU

CURRENT ASSETS

Debtors

4

12,167

22,269

Cash at bank

43,997

46,435

56,164

68,704

CREDITORS

Amounts falling due within one year

5

26,891

29,330

NET CURRENT ASSETS

29,273

39,374

TOTAL ASSETS LESS CURRENT LIABILITIES

29,273

39,374

RESERVES

Income and expenditure account

6

29,273

39,374

29,273

39,374

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.

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 22 August 2025 and were signed on its behalf by:

M R Hay - Director

1.	STATUTORY INFORMATION

Havercourt Residents Association 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents service charges and ground rent invoiced to the lessees in the year.

Cash and cash equivalents

Cash in the statement of financial position comprises cash at banks and on hand.

Financial liabilities

A financial liability is recorded at transaction price and is derecognised when the obligation under the liability is discharged or cancelled or expires.

Trade debtors

Trade debtors are recognised at cost less provision for doubtful debts. The recoverability of trade debtors is reviewed on an ongoing basis. A provision for doubtful debtors is established when collection of the full nominal amount is no longer probable. Bad debts are written off as incurred.

Provisions

Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are measured at the present value of management's best estimate of the expenditure required to settle the present obligation at the end of the reporting period, and are discounted to present value where the effect is material.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Service charges owed

7,526

12,211

Prepayments

4,641

10,058

12,167

22,269

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,124

6,859

Accruals and deferred income

24,767

22,471

26,891

29,330

6.

RESERVES

Service

Major

charge

works

Totals

£

£

£

At 1 January 2024

34,244

5,130

39,374

Profit/(loss) for year

(4,539

)

(5,562

)

(10,101

)

Transfer between funds

-

-

-

At 31 December 2024

29,705

(432

)

29,273